The South African Federation of Trade Unions (SAFTU) has welcomed the proposal by the Department of Social Development that workers pay 12% of their salaries to a proposed social security and retirement fund.
The department says those earning less than R22 320 per year would be exempted.
SAFTU General-Secretary, Zwelinzima Vavi says if implemented, this would be a victory for the unemployed majority of South Africans.
” The first thing we must do is to celebrate that finally there is a document out of the government processes on to the table for us to discuss as a society. This is hugely important and historical. We have been into this ball since 2002. The treasury has succeeded to block any discussion of this kind,” says Vavi.
Workers could soon contribute up to 12% of their earnings into a national security fund
