I want to assure everybody that their pensions are safe and there is absolutely no attempt to dig into their pensions for reasons that are unscrupulous.— Malusi Gigaba, Minister of Finance
Finance Minister Malusi Gigaba on Tuesday briefed the media on reports that the National Treasury wants to use R100 billion of the Public Investment Corporation (PIC)’s pension funds to bail out state-owned enterprises (SOEs).
Gigaba denied he requested access to PIC pension funds to bail out SOEs.
Does the Federation of Unions of South Africa (Fedusa) feel soothed by the Gigaba’s statement?
Will it keep its member's investments with the PIC?
Ray White (in for The Money Show’s Bruce Whitfield) interviewed Eyewitness News Senior Reporter Barry Bateman and Fedusa General Secretary Dennis George.
Listen to the interviews in the audio below (and/or scroll down for quotes from it).
The PIC found they’re not going to be able to assist Treasury.— Barry Bateman, EWN
You saw what happened at Eskom! The same thing is happening at SAA… It’s because we allow Government to meddle in the running of state-owned enterprises…— Dennis George, Fedusa
Telkom is paying Government R800 million per year in dividends! Why can’t other state-owned enterprises do the same?— Dennis George, Fedusa
If Kulula can make a profit, SAA can also make a profit…— Dennis George, Fedusa
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby NEWSROOM AI
The Money Show’s Bruce Whitfield interviews Pavlo Phitidis, founder of Aurik Business Accelerator.
The Money Show’s Bruce Whitfield interviews Darryn Faulds, a fund manager at Grovest Group.
Revenue collections are surprisingly good, so far, thanks to the VAT hike. Bruce Whitfield interviews PwC's Kyle Mandy.
Times are tough. Don’t spare her feelings! You must ask these questions of your advisor, implores Galileo Capital's Warren Ingram.
Testimonies at the Sars Inquiry has many South African taxpayers panicked. Bruce Whitfield interviews Sars' Mark Kingon.
The Money Show’s Bruce Whitfield interviewed Pan-African Investments and Research Services CEO Dr Iraj Abedian.
Head Chef and Owner at Riverine Rabbit Ash Heeger explains why she rebranded the popularly known Ash restaurant.
A News24 investigation has exposed how some of South Africa's biggest companies have been advertising on fake news websites.
Premier Helen Zille describes Yach as one of the most generous, warm, open-hearted and community-driven people she's ever known.
Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone Viral'.
Anton Fourie says he used his phone to record the interaction to create awareness of what is going on in the community.
Cheryl Zondi is testifying against Pastor Timothy Omotoso who is accused of rape and human trafficking in his Durban church.
These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.