By: Natasha Archary
The ruling party owes more than R80 million in overdue staff Provident Fund contributions, and will need to pay R10 million monthly to bring the arrears up to date.
Former ANC NEC member, Carl Niehaus said he had been vilified for laying charges about the ANC for failing to contribute to the staff fund.
Now that the Financial Sector Conduct Authority (FSCA) has ordered the ANC to meet the above terms, Niehaus says he has been vindicated.
In a statement that he shared, Niehaus revealed that the ANC staff Provident Fund has 535 members, but that the party has not met its obligation to contribute to the fund.
An Enforceable Undertaking (EU) has been put in place which would mean that the ANC has to:
- Enforce an agreement reached with the employer to pay a sum of R10 million every month into the fund until the arrear contributions are extinguished,
- Provide monthly confirmation to the FSCA that the employer is not making further deductions from employees’ salaries, if paid, in line with the amended Fund rules,
- Report monthly to the FSCA on the status of the arrear contributions and the employer’s adherence to its obligations, as per the agreement of the fund,
- Provide monthly updates to members of the fund on the status of the arrear contributions.
There’s no indication as to how long the ANC has stopped paying into the staff fund, but the party hasn’t released a statement regarding the R80 million plus that is overdue.
I was vilified for having laid charges (JHB CENT CAS: 523/09/2021) against @MYANC, incl. the non-payment of ret fund contributions into the #StaffProvidentFund, & illegally fired from my job for having blown the whistle about this criminality. This #FSCA statement vindicates me. pic.twitter.com/nCqsbWIn4F
— Carl Niehaus (@niehaus_carl) August 17, 2022
Also read: WATCH: COPE’s Madisha says ANC members infiltrated the party in order to destroy it



