Cosatu protests against new tax law in PMB

2016-01-29 18:00


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Durban – Cosatu members protested against a new law affecting their pensions, in Pietermaritzburg, on Friday.

Cosatu provincial secretary Edwin Mkhize said workers were against the sections of the Tax Administration Laws Amendment Act that affected their pensions.

Once implemented, workers would only be allowed to take one-third of their pension savings in cash. The rest of the money had to be used to buy a retirement annuity, which would be paid to them monthly.

Workers gathered outside the Pietermaritzburg City Hall on Friday morning and picketed outside the treasurer’s office.

Mkhize said a large number of workers had resigned because they did not understand the new law. There had been no public hearings and workers were not given an opportunity to state their views, he said.

Read more on:    cosatu  |  pietermaritzburg  |  protests

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