Mandatory pension proposal I We speak to Treasury's Deputy DG

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Private-sector pension funds face a big hit if new proposals from the Department of Social Development to reform the system go ahead. Courtesy #DStv403
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What is wrong with these people....its not a bad idea...but...why the hell do you want to kick off with 12%?? Start off with...say 3 or 5%...andcthen slowly raise it to 12%.Then the resistance will be less.How much are the employers going to pay towards every emoyee????

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