The liberal business body BUSA led by Rothschild’s, Trade Union Cosatu and the ANC regime have reached an agreement and have drawn up a framework document which will “voluntarily mobilize savings” like pension funds, to allow ANC, and Rothschild’s no doubt, to raid Public & Private Pensions to bail out Eskom from its R450 Billion self inflicted debt.
Business Day reported today that a framework document was drawn up on Thursday, by a joint committee consisting of the elitist wealthy fat cat groups, but apparently it still has to be officially approved by all the different parties. The hastily drawn up pension grab plan will be included in Ramaphosa’s State of the Nation speech (SONA) next week, which will once again probably reach the low mark African Parliaments are so well known for.
At this stage it looks like both private pension funds and the Government Employee’s Pension Fund (GEPF) will all be affected. The negotiator on behalf of BUSA was Martin King
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