Zulu's Green Paper an 'outlier' that created policy uncertainty

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Social Development Minister Lindiwe Zulu.
Social Development Minister Lindiwe Zulu.
Netwerk24

Social Development Minister Lindiwe Zulu's Green Paper on Comprehensive Social Security and Retirement Reform would have been "hugely negative" for the investment industry, according to an economist.

The minister this week withdrew the paper.

Its proposals included that South African earners pay up to 12% of their income to a National Social Security Fund (NSSF). The fund would have provided retirement, disability benefits and unemployment benefits to all South Africans, Fin24 previously reported.

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