Click here to sign up to receive our free daily headline email newslettereval(ez_write_tag([[580,400],'politicsweb_co_za-medrectangle-4','ezslot_3',114,'0','0'])); FF Plus MP says it is shocking that applicants effectively have to pay for the respondents' costs in case, High Court gives Transnet pensioner case the go ahead - FF Plus, Transnet's appeal in pensioner case could cost it - Anton Alberts, Transnet must account over pension fund debacle - Natasha Michael. The FF Plus calls on people to extend a hand of support to the widow of Mr. Johan Kruger, one of the two claimants in the class action court case of R79,5 billion against Transnet, who recently died of lung cancer. Adv. Sigonyela said: “Since 2010, Transnet pensioners have received on average two 13th cheques, supplementing their annual income by 16.7 percent … The FF Plus calls on people to extend a hand of support to the widow of Mr. Johan Kruger, one of the two claimants in the class action court case of R79,5 billion against Transnet, who recently died of lung cancer. The FF Plus with great pleasure wishes to give notice that the Transnet pensioner’s civil claim against Transnet and government was launched last Friday. Transnet pensioners get further R178m in bonuses – The Citizen The only explanation is that informal discussions were conducted in secret so that it does not appear as if the PIC is yielding to Cosatu and so that the decision can be presented as being completely autonomous and reasonable. Anton Alberts, the FF Plus’ parliamentary spokesperson on Transport, says Mr. Kruger was a hero for 66 000 pensioners. The party will also inform the three international credit rating agencies, i.e. Class action of Transnet pensioners against Transnet. Adv Anton Alberts VF Plus LP. Dear Pensioner, I would like to give you the following news: 1. Dit bring ten minste tydelike hulp aan die pensioenarisse wat geweldig gebuk gaan onder ‘n al hoe swaarder finansiële las, veral teen die agtergrond van stygende kosinflasie en mediese tariewe,” het adv. Anton Alberts, the FF Plus parliamentary spokesperson on transport. The PIC invested in these bonds on behalf of the Government Employee Pension Fund (GEPF). The North Gauteng High Court finally declared the settlement a court order today. Anton Alberts, the FF Plus' parliamentary spokesperson on Transport said (see Rapport report). Alberts says the counter-offer from Transnet was virtually a non-offer. eval(ez_write_tag([[468,60],'politicsweb_co_za-box-3','ezslot_9',112,'0','0']));Adv. Anton Alberts said. Alberts says when he asked these questions earlier this year, the reply in July was that Transnet would be funding its costs from operational cash flows. The Transnet Pension Fund court case has already set a legal precedent that can be used to oppose this plan in court. On top of that, the trustees of the GEPF and the directors of the PIC could become personally liable for their reckless actions. Adv. The FF Plus will again enter into talks with the minister about the issue," Adv. Anton Alberts, the FF Plus' parliamentary spokesperson on Trade and Industry says. Public Protector Thuli Madonsela has been asked to investigate the management failure of two Die VF Plus het vandeesweek in 'n verklaring gesê die party is verheug oor die Grondwethof-uitspraak ten gunste van die Transnet-pensioenarisse aangesien die aangeleentheid vir die sowat 40 000 verarmde pensioentrekkers, wat groot lyding deurgaan, ʼn geloofsaak geword het. Transnet, PRASA and the South African Airways. Phasing in of lower lockdown levels in Gauteng taking too long – Anton Alberts. Transnet would in the meantime fund the TSDBF, said Alberts. Combined with the guaranteed bonuses the pension increases would amount, in value, to 98.85% of what the average pensioner would have received had the promise been kept by Transnet. Issued by Anton Alberts, FF Plus national chairperson, 29 May 2020. Legal representatives of Transnet pensioners will meet with the company’s management and trustees on Monday to discuss a possible settlement related to the annual increases of the pension fund. This is the biggest claim in the legal history of South Africa. Transnet pensioners to meet with company management 24 June 2019, 3:04 PM. Anton Alberts, FF Plus MP. The Freedom Front Plus on Monday pledged to prevent the dissolution of a Transnet pension fund. The reckless manner in which the Transnet Pension Fund was managed in the past now seems to be looming for GEPF pensioners and it must be opposed at all costs. Furthermore, it appears as if the PIC held secret talks with Cosatu, which initially made the proposal to government. Transnet pension funds’ R100bn dagger pointed at the heart of SA November 15, 2018 Siyabonga Mtangana Transnet pensioners have fought a decade-long battle to get their former employer to cough up an estimated R100 billion in benefits as a result of a 1989 promise made in the dying years of apartheid as Transnet assumed the legal responsibilities of SA National Transport Services. The proposal that the Public Investment Corporation (PIC) made to the government to convert Eskom bonds to equity is extremely reckless and could result in a storm of litigation. Alberts says it is shocking news and means in effect that the pensioners' funds will have to be used to defend a case that they had initiated themselves. Related Articles. Alberts says. It is clear that as investment manager the PIC is not acting in the best interest of the GEPF pensioners, but in the best interest of the ANC government that has for years been dealing recklessly with taxpayers' money by way of general mismanagement and corruption, but particularly with regard to Eskom itself. eval(ez_write_tag([[580,400],'politicsweb_co_za-medrectangle-4','ezslot_4',114,'0','0']));Thus, the FF Plus will send an official letter to the PIC and the board of trustees to caution them that they are playing with fire. Transnet pensioners, many impoverished by the alleged mismanagement of their pension funds, will receive a total of R253 million in ad hoc bonuses in November. The FF Plus with great pleasure wishes to give notice that the Transnet pensioner’s civil claim against Transnet and government was launched last Friday. 9 June 2015. Anton Alberts, the FF Plus’ parliamentary spokesperson on Transport said. Adv Anton Alberts FF Plus wants to congratulate the Transnet pensioners and their legal team on the finalisation of the nine-year-long court case against Transnet. Eskom shares have no real market value. eval(ez_write_tag([[580,400],'politicsweb_co_za-medrectangle-3','ezslot_2',113,'0','0']));The Chairperson of the PIC, Reuel Khoza, stated in an interview with eNCA on the 28th of May 2020, that the PIC could help Eskom get rid of at least R200 billion of its debt by converting all the Eskom bonds in which the PIC and GEPF invested to equity. Court case: As you would probably know, Transnet and the two pension funds that you are members of have requested the High Court leave to appeal the class action judgment granted against them. … Adv Alberts has basically become a household name for thousands of Transnet pensioners. The Transnet Pension Fund court case has already set a legal precedent that can be used to oppose this plan in court. The people who could really lay claim to the slogan ‘pay back the money’, the pensioners of Transnet, today walked to the Union Buildings in Pretoria to demand that their circumstances are immediately and decisively improved while the court case against Transnet and the state continues. Adv Anton Alberts The possibility that the public service's pension fund may be used to save the SAA from bankruptcy by involving the Public Investment Corporation (PIC) as a business partner is totally unacceptable and must be stopped at all costs, says adv. Transnet pensioners to meet with company management - SABC … Adv. Issued by Anton Alberts, FF Plus national chairperson, 29 May 2020, FF Plus says PIC’s idea to save Eskom by converting debt to equity is reckless, Phasing in of lower lockdown levels in Gauteng taking too long – Anton Alberts, ANC takes page from Stalin’s book on starving population – Anton Alberts, GDE to open up Covid-19 safety protocol for public participation – Anton Alberts. Adv. Transnet pensioners’ R100bn payout a step closer - The Mail & … Now the pensioners have to pay for the opposing respondents with their own capital funds," Adv. In 2013‚ the 60 000 pensioners instituted a class action against the Transport Pension Fund‚ the Transnet Second Defined Benefit Fund and Transnet. Transnet pension funds should be raised with an injection of R1.9bn to correct the injustices to the funds’ members,’ Freedom Front Plus public enterprises MP Adv. Adv. Anton Alberts, the FF Plus’ parliamentary spokesperson on Public Enterprises says. The FF Plus, however, believes that the truth will come out and that the GEPF pensioners will not be deceived like the Transnet pensioners were. Transnet se besluit om appèl aan te teken teen die uitspraak van die Noord-Gautengse-Hooggeregshof kan hom duur te staan kom en die VF Plus sal nou stappe neem wat dié organisasie se kredietgradering negatief kan raak. Converting these Eskom bonds to shares would be like giving the GEPF pensioners Zimbabwean dollars in exchange for their valuable assets. Following in-depth discussions with the legal team which has filed the class action on behalf of the approximately 66 000 Transnet pensioners, who are members of the Transnet Second Defined Benefit Fund (TSDBF) and the Transport Pension Fund (TPF), the Freedom Front Plus has decided to increase parallel attempts in order to bring relief to the impoverished pensioners as soon as possible. Adv Anton Alberts While there are enormous surpluses available in Transnet’s pension funds, the class action court case started by the pensioners is still being prolonged and Transnet is totally insensitive to the thousands of old people who in the last years of their lives struggle in the greatest poverty, Adv. The minister of public enterprises, Ms. Lynne Brown, following denials of her predecessor Malusi Gigaba, has now acknowledged that Transnet's pension funds will have to pay for the legal fees of the class-action court case themselves, Adv. Freedom Front Plus will take Transnet to court over pension funds The FF Plus on Friday sent legal letters to Transnet for information about its two pension funds. Statement issued by Adv. The guaranteed pension after the above increases will be 90.9% of the pension that would have been payable if the members enjoyed the benefit of the promise that Transnet had made to them in 1990. Alberts says. "This action is scandalous. Minister now acknowledges that the Transnet pension funds will have to pay for the class-action court case themselves. In his interview, Khoza stated that Cosatu did not formally submit such a proposal to the PIC. eval(ez_write_tag([[580,400],'politicsweb_co_za-medrectangle-3','ezslot_1',113,'0','0']));In the case of the TSDBF its operational budget is wholly funded by Transnet and in the case of the TPF by the various employers, i.e. Alberts was a member of a joint task team that appointed the portfolio committee to The minister of public enterprises, Ms. Lynne Brown, following denials of her predecessor Malusi Gigaba, has now acknowledged that Transnet's pension funds will have to pay for the legal fees of the class-action court case themselves, Adv. The only points where the two offers matched were the yearly increase of 70% of inflation and bonus payments. Anton Alberts, the FF Plus’ parliamentary spokesperson on Transport, says Mr. Kruger was a hero for 66 000 pensioners. "This state of affairs does not bode well for the claimants as the legal case will place a heavy burden on the pension funds. Anton Alberts, VF Plus-parlementêre woordvoerder oor … Adv. In a response to a previous written parliamentary question the previous minister (Gigaba) indicated that Transnet will cover all the legal fees. The two funds would do it from their respective operational budgets. FF Plus will do everything in its power to prevent Transnet from dissolving pension funds. Adv A de W Alberts (FF Plus) to ask the Minister of Public Enterprises: (1) Whether he can indicate what number of pensioners of the (a) Transport Pension Fund and (b) Transnet Second Defined Benefit Fund has died since the issuing of the certification of the class action against Transnet and the Government; Anton Alberts, FF Plus parliamentary spokesperson: Public Enterprises, December 5 2014. eval(ez_write_tag([[300,250],'politicsweb_co_za-box-4','ezslot_1',115,'0','0']));It is, therefore, suspicious that the PIC suddenly decides of its own accord to submit Cosatu's proposal to government. Adv Anton Alberts, FF Plus Chairman is currently on a road trip communicating with pensioners all around the country and hopes to reach every possible area where pensioners reside.
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