Mandy Wiener interviews Isobel Frye, Director at the Studies in Poverty and Inequality Institute.
The Studies in Poverty and Inequality Institute is disappointed that the government has withdrawn the green paper proposing mandatory contributions to a pension fund
It says the response to the green paper by organised business was not “in good faith”
The government has withdrawn the green paper that proposed a compulsory pension and insurance fund for workers.
It gave no reasons for the withdrawal.
The government wanted all formally employed workers to pay up to 12% of their earnings into a state-managed social security fund.
"There were far too many wide-ranging and negative impacts that just talking about was going to have on the economy," said Wayne Duvenage of the Organisation Undoing Tax Abuse (Outa).
"You have to make sure you have your social partners or stakeholders fully engaged,” said Cosatu’s Sizwe Pamla.
“We don't want to shoot the entire thing down.”
Mandy Wiener interviewed Isobel Frye, Director at the Studies in …