Singh congratulated officials in the Department of Pensions and Pensioners' Welfare who had successfully introduced the provision of e-PPO, which came as a boon to several of the retiring officials who were getting superannuated during the lockdown period and were … After a month of losses, Tesla has seen more than a quarter of a trillion dollars wiped from its market value. You’re not alone! Oops! Vusi Pikoli, destydse hoof van die Nasionale Vervolgingsgesag, waarsku pres. Just this one question could get you the job, Record low 2020 growth in rentals (less then R10 increase in some areas). Is it Albert Einstein, the author of the theory of relativity? North West intervention: 'Let's not mention names' - committee chair tells MPs. Image: SABC News. John Matisonn | Donald Trump is back… for the weekend? The two politicians are accused of assaulting police officer, Lieutenant Colonel Johannes Jacobus Venter, at Madikizela-Mandela's funeral at the Fourways Memorial Park on 14 April 2018. is one of South Africa's leading political analysts and author of When Zuma Goes and Ramaphosa's Turn. Government extends retirement age to 68. is the editor of Fin24 and the former editor of Business Times and former deputy editor of Financial Mail. Something went wrong, please try again later. Pretoria - The North Gauteng High Court has cast a lifeline to more than 62 000 cash-strapped pensioners to institute an R80 billion class action against Transnet and its two pension funds. Let me ask you a question. Latest News . Fried, mashed, boiled and even in their jackets – who doesn’t love potatoes? Thousands of Transnet pensioners achieved victory at the Constitutional Court on Wednesday when the court gave their claim to recover billions owed to pensioners a go-ahead. New MEC of the embattled Eastern Cape health department Nomakhosazana Meth has said she is prepared for the position and will take on its challenges. We drive Volkswagen's best-seller to see what makes it different. Electronic pension payment order promises ease of living for senior citizens: Jitendra Singh 17 Jan, 2021, 07.08 PM IST. © 2021 (1.1.21056.1) 24.com. is a former parliamentary and political correspondent for the Sunday Times and editor of the Sowetan. All rights reserved. Yes, and a hardwired connection offers other benefits as well, Here's how quantum computing could transform the future, A TikTok user discovered an abandoned secret apartment behind her bathroom mirror, Twitter is reportedly testing an 'undo' button that lets users modify their tweets. FF Plus supports Transnet pensioners in protest march to Union Buildings concerning their pensions. EXPLAINER | Everything you need to know about Cricket SA's new domestic system, Proteas now boast THREE bowlers in top 10 of ODI rankings. HBO has responded to claims that an extra's skin was darkened for the series Lovecraft Country. Patt Morrison is a live two-hour public affairs show. We would like to show you a description here but the site won’t allow us. In 2014, the pensioners and their legal team successfully obtained a court order that allowed for the case to go ahead as a class action. Online vs in-person schooling: What's the cost difference in 2021? The Grootfontein mountain bike park offers excellent riding and facilities. Sigonyela said: “Since 2010, Transnet pensioners have received on average two 13th cheques, supplementing their annual income by 16.7 percent over and above the statutory two percent increases”. Transnet hasn’t exactly painted itself in glory over the handling of some 85 000 pensioners, most of whom belong to a closed fund, the Transnet … Ralph Mathekga | Mkhwebane inquiry: Where does the loyalty of the ANC caucus lie? is a specialist legal journalist and author of Lolly Jackson: When Fantasy Becomes Reality. Oops! One only has to Google ‘Thelma Melk’ – the current Head Of Legal and Corporate Secretariat at the Eskom Pension and Provident Fund – to realise her career path has been anything but stellar. "SÓ HET DIE SAAK VERLOOP. Malema, Ndlozi assault trial: CCTV footage at centre of testimony, ANC NEC member on Zuma's ConCourt defiance: 'It is a recipe for pandemonium', SEE | Rare fish wash up along Eastern Cape beaches after sea temperatures plummet, WATCH | SARS offices in Pretoria go up in smoke, Competition Commission wants company to pay a penalty for allegedly overcharging SAPS for masks. Bavuma Proteas captaincy 'right call at the right time', says mentor: 'I see great things for him'. Anyone with leadership qualities can be a manager – Mabuyane defends new appointments, Edwin Sodi in another tender deal – the much delayed Rustenburg Rapid Transit project. Coronavirus: What happens when a person is simultaneously infected with two variants? Thabo Mbeki oor die korrupte verhouding tussen Selebi en Agliotti. is News24's political editor and the author of Balance of Power: Ramaphosa and the Future of South Africa. Newsletter editor Alet Law guides you through our most interesting and insightful stories to give you a well-rounded view of the week that was. The Polo Vivo Mswenko is a special edition model sporting unique styling upgrades inside and out. Twitter's Birdwatch feature lets users flag tweets they believe are misleading or need additional context. Mei 2007: Adv. Fresh off a first-time double-century at Newlands, Kyle Verreynne is showing the kind of batting figures that scream ‘Test chance’, writes Rob Houwing. Transnet Director and fund chairperson Peter Moyo said if this proposal was implemented, it would have exhausted the current surplus and required an additional cash injection of R2 billion. is the author of 'Cyril's choices: Lessons from 25 years of freedom in South Africa. CApe Town - Transnet’s beleaguered pensioners have accused the parastatal’s newly appointed board of delaying Transnet Second Defined Pension Fund (TSDBF) bonuses payment to … FEEL GOOD | Zirk Botha returns to SA after making record 7 200km solo row from... FEEL GOOD | Long-distance runner raises R1.7 million to refurbish rural KZN school. Trouble at CalPERS: Abrupt exit hits $400-billion state pension fund The investment chief at California’s massive state pension fund stepped down. The Zondo Commission's response to the defiant former president, Qaanitah Hunter | No, Mr President, we don't need another corruption unit, WATCH | 'Two is it': Baby girl to complete Sussex family, PHOTO | Elon Musk shares rare family pic with Grimes and their son X Æ A-Xii. Malnutrition: 'a slow violence against our children', Best evidence on Covid-19 vaccines, immunity and whether the virus will become endemic or seasonal. 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. North West intervention: 'Let's not mention names' - committee chair tells MPs. What you need to know, Police minister to 'seek clarity' on claims News24 journalist 'bugged'. Here are your Lotto and Lotto Plus results. LIVE | Brian Molefe: I have not been implicated in wrongdoing, Brian Molefe: I have no regrets that I knew the Guptas, SA freight will finally shortcut through Eswatini – if a decades-old plan can find R29 billion, Molefe’s CEO appointment predictions by New Age ‘a coincidence’, WRAP | The person who betrayed me is the public protector, says Brian Molefe, Transnet chair warns 'those plotting in dark corners' after attempted hit on state capture witness, Transnet’s relocation a blow to KZN economy - Premier, Three in KwaZulu-Natal court for allegedly stealing from Transnet goods container, Private operators may get a bite at the country’s rail network if Transnet agrees to access, The sooner Eskom and Transnet get on track, the better for SA, CEO tells mining sector, New Transnet headquarters honours SS Mendi, Transnet National Ports Authority moves head office to new R255m Port Elizabeth building, Procedural blunder stalls Anoj Singh's evidence at state capture inquiry, Transnet SOC Ltd half-year performance impacted by Covid-19; outlook remains cautiously optimistic, Embarrassed McKinsey caps consultancy fees after state capture debacle, Khaya Sithole | State capture beneficiaries, we are watching you, McKinsey capitulates (again), agrees to pay back Transnet and SAA, UPDATE | McKinsey owes us much more than R650 million, says Transnet, Brian Molefe one of the few black bright minds in SA, Ben Ngubane tells Zondo, Magashule reveals the outcome of Zuma's meeting with ANC top 6, ANC top six have 'very positive' meeting with Zuma about his Zondo standoff, WATCH | Two teens involved in punch-up at Cape Town mall, SEE | Rare fish wash up along Eastern Cape beaches after sea temperatures plummet, Zuma misses ConCourt deadline to oppose Zondo commission contempt case, ANC NEC member on Zuma's ConCourt defiance: 'It is a recipe for pandemonium', EXPLAINER | Is there enough money for first-year varsity funding? 6 Golden rules for a lekker fish braai – which you’re probably not having often enough, Weekend baking project: No-bake salted caramel cheesecake, Let’s celebrate our women scientists and engineers. Two authors summarise the current best evidence about some pertinent points on the new coronavirus and Covid-19 vaccines. The shares were sold in 2006 at a loss to the TSBF of over R5.4bn. Taparia views herself as a divinely appointed intermediary, who given the natural and supernatural resources at her disposal, aligns seekers of marriage with their... ‘The Parthenon Sculptures must be returned to their original owner’: George Clooney advocates for... What we can learn from pioneering writer Sindiwe Magona, National Arts Council in shambles over Presidents Employment Stimulus Programme Funding. SA billionaire wants to build Cape Town's own Lanseria, As Safe as Houses? Something went wrong, please try again later. The surprising benefits of a routine. In the last 2 hours. Why is the Expropriation Bill necessary for South Africa? All JSE data delayed by at least 15 minutes. About 30 percent of the Transnet pensioners were black. But Transnet then successfully obtained an … The pensioners are contemplating the filing of a class action suit against Transnet. Ron Derby | Can we trust the ANC and its inner sanctum of 'old men' to recast this economy? ... 24 UN Security Council United Nations Myanmar. is the editor-in-chief of News24, an award-winning journalist and author of Zuma Exposed, Enemy of the People, and Blessed by Bosasa. PODCAST | MISSING MATTHEW EPISODE 3: Decades of false starts add to a family's despair, PODCAST | MISSING MATTHEW EPISODE 2: False hopes and dead ends, but mother's search continues, MISSING MATTHEW | A podcast series delving into the disappearance of 9-year-old Matthew Ohlsson, PODCAST | MISSING MATTHEW: 23 years without answers - 'a missing child is worse than a dead child', PODCAST | POLITICS UNMUTED: Reflections on the year that was. We would like to show you a description here but the site won’t allow us. The United States has reimposed curbs on an Israeli billionaire accused of corruption in the Democratic Republic of Congo, reversing a move by Donald Trump during his... Senegal opposition leader charged with rape, Seychelles says it is barring South Africans – and only South Africans – to keep Britain happy, International Criminal Court orders record $30m compensation for Congo war crime victims, 'Total system shutdown' as Ghana hit by countrywide power blackout, Indian Matchmaking: The divine cosmology of love with Sima Taparia. He works as an analyst in the private sector. Transnet pensioners settlement offers little, late justice Provisional agreement offers retirees higher annual increases and R30,000 lump sums after seven-year battle BL PREMIUM Please see attached judgement. 2021 Durban July takes flight as theme is announced, Pressure builds on palace after Harry and Meghan racism claims in Oprah interview, Harry joins the 'girl dad club' in new photo with a pregnant Meghan and Archie, Netflix and Amazon lead Producers Guild nominations. is a former Premier of the Gauteng Province, trade unionist and Cope leader. Woman marries herself after heartbreaking split with her boyfriend, ‘He’s doing well’: 7-year-old cancer patient has his 60th operation in five years, ‘I was bullied and called stupid’: Joburg matric on how he overcame dyslexia to bag six distinctions, How to approach debt and credit and stay in financial control. Traffic flow back to normal in Empire Road, Joburg, after protests - JMPD, 'We are distancing ourselves from all that happened' - MKMVA denounce xenophobic attacks in Durban, Contact News24's public editor with reader feedback, Verreynne's rocketing first-class stats hard to ignore. Transnet, therefore, would prefer not to comment on the details of the case until the process is concluded,” the company said. Transnet in 2001 exchanged government bonds worth R7.7bn which earned the fund R1.2bn in interest per year for shares in M-Cell which earned no dividends. Here are your Lotto and Lotto Plus results. Transnet trustees have betrayed us, say pensioners Thursday 24 April 2014 - 11:27am Stock image: Some Transnet pensioners are left with R1 after their medical aid … Newsletter editor Alet Law guides you through our most interesting and insightful stories to give you a well-rounded view of the week that was. The Special Tribunal has confirmed a preservation order against former Transnet CEO for Capital Projects, Herbert Linyenga Msagala. First-ever virtual Simola Hillclimb scheduled for May, PREVIEW | Why F1's 'Drive to Survive's third season could be the best one yet, It's official! It consists of 52 000 members. We compared 17 no-name products and premium brands, and these are the 4 we would buy again. PODCAST | POLITICS UNMUTED: Is government ready to deal with the second wave of infections? South Africa needs to change direction on maternal health to solve child malnutrition, Daydreaming is important and it turns out we’re bad at it, Interview: From humble beginnings to vaccinating the president, Twitter's Birdwatch feature hopes to combat misinformation. 3 Fresh low-carb recipes from Tim Noakes’ newest cookbook, The Eat Right Revolution. In a judgment handed down on Tuesday, Judge Billy Mothle ordered that Msagala's movable and immovable properties be forfeited to the State in an effort to recoup an estimated amount of R18.4 million, spokesperson Selby Makgotho said in a statement. This entry was posted on 25 Apr 2018,08:11PM at 8:11 PM and is filed under . Each beneficiary will collect a bonus payment of 8.33% of their annual pension, equivalent to a 13th cheque from their respective fund. Magashule reveals the outcome of Zuma's meeting with ANC top 6, ANC top six have 'very positive' meeting with Zuma about his Zondo standoff, Zuma misses ConCourt deadline to oppose Zondo commission contempt case, Police minister to 'seek clarity' on claims News24 journalist 'bugged'. What is a nutritionally balanced diet and how do you achieve it? The pensioners wanted the court to declare that they had broken a "promise" made in 1989 before the South African Transport Services (SATS) became Transnet. 6 easy ways you can instantly wow the person interviewing you. Mpumelelo Mkhabela | Rather than focusing on Ramaphosa, the DA should focus on itself. The program is known for its innovative discussions of local politics and culture, and for its presentation of national and world news … Is Ethernet faster than Wi-Fi? How can you approach debt so you can remain firmly in the driver's seat of your finances? 'Freed' Quinny: Does he slide back down Test order? Stuck in what feels like a dead-end job? The PayProp Rental Index annual review for 2020 has confirmed the devastating effects of lockdown on the rental market in South Africa. PODCAST | MISSING MATTHEW EPISODE 3: Decades of false starts add to a family's despair, PODCAST | MISSING MATTHEW EPISODE 2: False hopes and dead ends, but mother's search continues, MISSING MATTHEW | A podcast series delving into the disappearance of 9-year-old Matthew Ohlsson, PODCAST | MISSING MATTHEW: 23 years without answers - 'a missing child is worse than a dead child', PODCAST | POLITICS UNMUTED: Reflections on the year that was. Feeling overworked and underpaid? WATCH | How Tesla stock lost over R4.2 trillion in a month, Eskom board to initiate probe into racism allegations against CEO André de Ruyter, Transnet approaching the courts over controversial contracts to procure 1064 locomotives, Ndabeni-Abrahams urges mediation as courts park delayed spectrum auction, Free State helium player Renergen just reported a ‘spectacular’ find – and its share price agrees. ... State pension data blunder sees 360,000 people given wrong forecasts. Volvo's XC40 Recharge Pure Electric is headed for South Africa soon, Nissan's Rogue, Maxima, Altima and Sentra shine in US safety rankings, WATCH | Children who use social media 'more likely to develop eating disorders', The key to dismantling parent-child power struggles. Melanie Verwoerd | Day 3 of Level 1: Feeling good, feeling positive, mense! WATCH LIVE | ISS & News24 seminar: Is a social compact key to saving SA's economy? The latest breaking news, comment and features from The Independent. No problem! PODCAST | POLITICS UNMUTED: Is government ready to deal with the second wave of infections? What you need to know, LIVE | 638 new cases and 125 more Covid-19 deaths in South Africa, 20 Bonnievale crocodiles put down in grim reminder of costs of wildlife escape, Cape Town braces itself for cold front, emergency services on high alert, The big picture | ‘The loss of humanity’: South Africa and the Global South’s battle for Covid-19 vaccine justice, News24's Covid-19 dashboard: Track the spread, recovery and mortality statistics here, We Remember | Honour your lost loved one by sending us a tribute, WATCH | Driver arrested after 40-ton truck crashes into stationary traffic in Roodepoort, WATCH | Two teens involved in punch-up at Cape Town mall, WATCH | Covid-19 and higher education: Minister to brief media on funding decisions, 'The challenge was seeing patients go one after another' - medical intern reflects on 1 year of Covid-19 in SA, WATCH | Man arrested after attack on Klerksdorp police station, WATCH | 'This was the most death I've dealt with' - Cape Town doctor reflects on a year of Covid-19, WATCH | Covid-19 a year later: How Joburg teacher inspired students, despite limited resources, Ralph Mathekga | 2021 Budget: A reflection of political power balance, Adriaan Basson | Trial by social media - the tragic Lindsay Dentlinger story, Mbhazima Shilowa | The DA is looking for crumbs under the table. The committee wanted a five-month pension payback, future pension increases to be pegged at 75% of the CPI and also a once off 3.2% base uplift in pension. Protracted class action litigation. Here's what you will pay, HBO responds to skin darkening claims in horror series: 'This should not have happened'. How will you get to the top of the career ladder? Get better Instagram mountain bike footage, How to do the PE to Plett group ride properly, 15 Perfect potato side dishes that will upgrade any meal. © 2021 (1.1.21056.1) 24.com. Mei 2006: Die koerant Mail & Guardian vlek Selebi se bedenklike verhouding met die dwelmhandelaar Glenn Agliotti oop. She is the author of The Verwoerd who Toyi-Toyied. The 25-year-old model and boyfriend, Zayn Malik, welcomed Khai in September last year. FEEL GOOD | Zirk Botha returns to SA after making record 7 200km solo row from... FEEL GOOD | Long-distance runner raises R1.7 million to refurbish rural KZN school. … We have potato bakes, chips, wedges and even salads to round out your home-cooked feast. Approximately four hundred Transnet pensioners participated in a protest march to the Union Buildings in Pretoria yesterday to once again draw … | Property market resilience defies negative expectations. Kendall Jenner says she wants kids badly and soon, Brie Bella has to schedule sex with her husband, Daniel Bryan, Why my husband chose to take my surname, despite our family being taken aback. Paul Myburgh, Registrar of the Supreme Court of Appeal in Bloemfontein, confirmed to the United National Transport Union (UNTU), that the legal team of the pensioners applied for special leave to appeal to the Chief Justice of the … The SA economy contracted by 7% during 2020, in line with expectations. Covid-19 wrap: US House to take up $1.9tn bill as daily toll drops, Latin America deaths pass 700... Get your vax straight: US denounces Russian 'disinformation' campaign over Covid-19 vaccines, SEE | Nun kneels in front of police to stop Myanmar violence during protests, US Uber driver coughed on by 3 women after he denied them a ride for not wearing masks, US cracks down on Israeli billionaire over DRC corruption, revoking Trump-granted licence. Hold on tight as we explore the rocky road that is debt and credit. Eyewitness News – INSIDE THE TRUTH It is not yet clear whether the single well represents an entirely new find, or how much of the gas is helium – but after another jump Renergen is up more than 60% so... Today in business: Capitec sees big profit recovery in past six months, Emirates is flying passengers into SA again from this week – but only cargo going out, Some Uber and Bolt drivers embark on strike, Vodacom now sells small device that can track keys, bags and dogs. All JSE data delayed by at least 15 minutes. The Freedom Front Plus (FFPlus) says it is committed to ensuring that Transnet pensioners receive what is due to them.. Pensioners are demanding equal benefits under the commercial entity Transnet as they did under South African Transport Services. ... Pension scam victims lose £82,000 each in 24 hours. 151 more people succumb to COVID-19 and 1, 911 infections recorded The Health Department says the number of fatalities has taken the death toll … Here's how it works. Gigi Hadid marks her return to the runway for Versace 5 months after welcoming daughter, Woman with facial hair challenges ideals of beauty: 'I woke up one day and my face had gone viral', This hilarious series is taking home all the top prizes this awards season, Cabinet reshuffle: New Eastern Cape health MEC tasked with stabilising struggling department. Transnet pensioners get further R178m in bonuses Image courtesy stockxchnge.com Transnet pensioners are set to receive 13th cheques to a total value of … Entergy to transmit $356 million into pension plans in 2021 Pensions & Investments 16:34 3-Mar-21. is a political analyst, and a former ANC MP and South African Ambassador to Ireland. Poor Transnet pensioners should know by the end of February what is the latest developments in their estimated R80 billion-rand claim against the company. We are still hopeful for a speedy and favourable conclusion of this case for the benefit of the thousands of Transnet pensioners affected by the current pension crisis. Master your financial planning journey with these expert tips, Naspers backs SA agritech with investment in Aerobotics, Achieve your financial goals with these empowering tips, Looking forward to safer air travel in 2021, Why a career change could make you happier...and when to take the leap. When you think of a scientist, who comes to mind? 15 March 2019. The pensioners’ class was certified on July 31, 2014. LIVE | Brian Molefe: I have not been implicated in wrongdoing, EXPLAINER | Is there enough money for first-year varsity funding? While the class action lawsuit filed by Transnet pensioners against the state is being drawn out year after year with legal processes, a large number of people are living in destitute circumstances and over the last 60 months, since the lawsuit commenced, nearly 21 000 pensioners and/or their spouses have passed away (that is on average 334 pensioners per month). EWN - South African news: access breaking news alerts, sport, business, entertainment, opinion, multimedia and cartoons. ... Minister denies timing of state pension was attempt to 'bury bad news' UK Politics. Zuma promises to consult with lawyers about appearing before state capture commission after ANC... Actress Vuyiseka Cawe opens up about raising her siblings, How putting her career on hold to take care of her siblings made her a better person, Actress Nelisiwe Sibiya unbothered by negative comments on social media, No groom? ... Pension Schemes Act 2021: pensions minister sets out next steps Thomson Reuters - Practical Law 16:41 3-Mar-21. The effect of this judgement is that Transnet and the Pension Funds must file their Plea in answer to the Pensioners’ claim within 20 court days. “The pension class action is the subject of an ongoing court process. The latest breaking news, comment and features from The Independent. Transnet’s board of directors approved the payments to members of the Transnet Second Defined Benefit Fund (TSDBF) and the Transnet sub-fund of the Transport Pension Fund (TTPF) on Wednesday, 23 October. All rights reserved. Ralph Mathekga | Mkhwebane inquiry: Where does the loyalty of the ANC caucus lie? The class issued summons against the Transnet Pension … 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. Karyn Maughan | Jail time for Zuma? The FF Plus says it will meet with pensioners specifically on the matter.

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