Posts tagged with 'pensioners'

 

Huge March Against “Vaccination Passports” in Amsterdam Draws 100,000 Protesters from Across the Political Spectrum!

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People from across the political spectrum took to the streets of Amsterdam on Sunday to protest against the proposed vaccine passports by the Dutch government. The protest was so large that roads in the the city centre were blocked for miles, but all the mainstream media in the Netherlands tried to ignore or diminish the protest. Some claimed that it was only 10,000 far-right extremists, but that lie was soon exposed by the presence of young dance music fans, Hare Krishnas, religious organizations, pensioners, anarchists, cyclists, former police officers and soldiers.

Crowds of protesters gathered on Amsterdam’s Dam Square on Sunday for a 7km (4 mile) march through the city streets, and back to the square, all in protest of the left-wing government’s policy on the coronavirus. Video footage shows a seemingly endless column of protesters marching along the route, and some observers have estimated that the actual group of protesters was up to 3km long. Ac
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ANC regime just cant resist the old folks money – State still wants to use pensioners funds as a bailout for bankrupt SOE’s

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The PIC group announced that they will meet in November to consider options to help the bankrupt state entity Eskom with its debt. Pensioners were given the assurance that the value of pensions would not be “wasted”.

PIC already carries almost R90 billion of Eskom’s debt and more than one million public servants’ pension is currently handled by PIC.

Economists agree that further financial advances to the power provider will not save the entity from its plight.

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Regiments Capital used to plunder the Transnet pension fund – R349m ‘stolen’ from pensioners in four days

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After allegations emerged in court of yet another scam that Regiments Capital used to plunder a Transnet pension fund, Regiments directors quickly agreed to pay half a billion rand to settle all the fund’s claims against it. But Eric Wood, a former director, has gone to court to quash the deal, claiming his former colleagues are using the company’s money to save themselves, leaving him to face the music.

Regiments Capital has agreed to an astounding R500 million settlement with the Transnet Second Defined Benefit Fund (TSDBF).

Regiments is a financial services company that scored hundreds of millions of rands in business from Transnet with a leg-up from the Guptas and their associates.

The settlement follows the revelation of a previously unknown stratagem Regiments allegedly used to suck R349 million from the pension fund in a mere four days during late 2015 and early 2016.

TSDBF launched a R230 million claim against Regiments in the
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According to research, many South Africans are ‘too broke to retire’

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A large number of South Africans earning at least R15,000 a month are delaying retirement because they simply can’t afford it, a survey found.

South Africans’ spending habits and aspirations were at odds with reality, a survey by money lender Wonga has shown.

Meanwhile, research also shows that many people are simply too broke to afford retirement.

According to the 2019 Old Mutual Savings and Investment Monitor’s latest findings, a large number of South Africans earning at least R15,000 a month were delaying retirement because they simply could not afford it.

The survey results showed that half of the country’s retirees were working for an employer, 36% had started a business post-retirement, while 13% continued to be self-employed or took up a position as a consultant.

“Including this demographic into our study, reveals the impact that many households suffer because they are financially under-prepared for their
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12,432 SASSA beneficiaries defrauded on social grants toting up to R21 million

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Social Development Minister Lindiwe Zulu announced in a parliamentary reply on Tuesday that about 20,787 fraud cases were registered at the Post Office by June 28 this year. Furthermore, it has also been revealed that 12 432 pensioners as well as other beneficiaries have been deceived in the past year from their social grants, collectively more than R21 million.

Liezl van der Merwe, IFP MP, wanted to know from Zulu how many fraudulent pensioners and other beneficiaries had reported to the South African Social Security Agency (Sassa) over the past 12 months, whether it was resolved and whether the stolen money was recovered . To which Zulu replied that criminal investigations are currently pending and that the money was never recovered.

Van der Merwe also wanted to know what Sassa is doing to stop corruption and fraudulent transactions with Sassa cards. Zulu replied that the beneficiaries report fraud with their social grants at their nearest Sassa offi
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