Two-pot retirement system is a scam - SAFTU

SAFTU has rejected government's two-pot retirement system. SAFTU
secretary-general Zwelinzima Vavi says it's a scam by the government to raise money for the state to fix the fiscal difficulties.

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[ntokozomdlalose]

39% tax on R30k withdrawal. Finally someone has label this for what it is "SCAM". This is not to help us but to generate more funds to loot. Amesela lawa

[RobertLouis]

Thank you Lord Jesus for the gift of life and blessings to me and my family $45, 120.47 monthly profit Our lord Jesus has lifted my Life!!!🙏❤❤❤

[NokoRamoroka-hoze]

thank you, Mr Vavi. you are raising important facts. there is not need for the government to tax us on these funds.

[djdinobravo]

Mr Vavi is right. It’s a scam. Retirement should not be taxed.
We are already taxed all of our lives.

[hgfku-tnhb]

Reject what vavi is saying and regret later. This system is going to create unexpected confusion and corruption

[kgomotsothamage]

Thanks a lot, please save us from this cruel people of scamming us

[vusumzincwadi]

We were never consulted as government employees about this nonsense

[benjaminmalope]

Bring Minister of Finance and Labour to explain this point Mr Vavi is raising

[enigma]

Agree with Mr Vavi, after years of paying taxes, we should not be taxed on our retirement. At retirement, you have paid your dues.

[ntokozomdlalose]

LOOTING VOLUME 2 Done by the government.

[shafiyaalgiquadra]

May you never tire of fighting for the poor Mr. Vavi. Even as they are felled by their own ignorance.

[Mzola]

This thing must be challenged in court.

[malosemasimini]

Good Mr Vavi. The second pot comes as a trap and scam. We actually need the money that will help us take a great financial leap. What can we do with these 30 thousands mara?

[dumirose]

Who wants to take 30000rand then to be taxed 10%, who came up with this mess, then you pay it back.
Financial illiteracy

[terryb]

This is a scam. It's governments way to fast track income tax into it's coffers. Your first R550000 is tax free. Why don't they deduct the withdrawals from that portion? I agree with Vavi. This is a cruel way to help people out of dept. They will be back in dept in a few months.

[josephphitla]

Government owes me a proper consultation over my money,

[khathi]

This is a scam period!!! I advise people not to take this money

[khathi]

And people are busy worried about Chidima being a Nigerian while their government are passing laws that will kill their retirement funds!!!! Sick nation

[webuildDigital]

We dont want this two pot scam . Mr Vavi we stand with you . We need to stop this from becoming law. We wont the two pot system.

[MzamoAdoons]

Our unions especially in the public service are just useless