{"id":1143,"date":"2019-06-14T07:45:01","date_gmt":"2019-06-14T07:45:01","guid":{"rendered":"https:\/\/www.tlu.co.za\/?p=1143"},"modified":"2019-06-14T07:45:01","modified_gmt":"2019-06-14T07:45:01","slug":"press-release-tlu-sa-stands-up-against-ransacking-of-pensions-by-government","status":"publish","type":"post","link":"https:\/\/www.tlu.co.za\/en\/press-release-tlu-sa-stands-up-against-ransacking-of-pensions-by-government\/","title":{"rendered":"Press Release: TLU SA stands up against ransacking of pensions by government"},"content":{"rendered":"

TLU SA is extremely concerned over opinions on public forums where government officials are advocating for South Africa\u2019s pension capital to be invested in so-called fixed assets.<\/p>\n

It is a fact that South Africa\u2019s reserves, as well as tax-paying residents\u2019 capacity to fund the irresponsible and reckless wasting of money by government and municipalities, are exhausted.<\/p>\n

The only two assets left to loot, are land and pensions. We are all aware of the situation regarding land. The writing is now also on the wall for South Africa\u2019s pensions.<\/p>\n

\u201cWe cannot just stand idly by and allow our members\u2019 hard-earned pensions, accumulated over decades, to be thrown into the bottomless pit called Eskom, SAA, PRASA, Denel and others,\u201d says Kobus Oberholster, Head of TLU SA\u2019s Financial Wellness Desk.<\/p>\n

\u201cOver a timeframe of 25 years, ANC-cadres have brought our state institutions to where it stands today. No foreign or local pension capital will now suddenly help these entities to turn into economic successes,\u201d says Oberholster. \u201cWe are convinced that the only outcome if pension capital is applied in this manner, will be an immediate destruction of wealth.\u201d<\/p>\n

TLU SA will act proactively to help its members with proper planning to limit losses and damage caused by these \u201cinvestments\u201d. Since every individual\u2019s circumstances are unique and a single approach cannot be applied to all, individuals should make contact with TLU SA\u2019s Financial Wellness Desk to receive the best information to position themselves accordingly in time.<\/p>\n

 <\/p>\n

Issued by: \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 TLU SA<\/em><\/strong><\/p>\n

Date:\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 14 June 2019<\/em><\/strong><\/p>\n

Enquiries:\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Mr <\/em><\/strong>Kobus Oberholster<\/em><\/strong>, Head: TLU SA Financial Wellness Desk,<\/em><\/strong><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Cell.: <\/em><\/strong>082\u00a0330 8607<\/em><\/strong><\/p>\n

\u00a0<\/em><\/strong><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Mr Bennie van Zyl, General Manager TLU SA,<\/em><\/strong><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Cell.: 082 466 4470<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

TLU SA is extremely concerned over opinions on public forums where government officials are advocating for South Africa\u2019s pension capital to be invested in so-called fixed assets. It is a fact that South Africa\u2019s reserves, as well as tax-paying residents\u2019 capacity to fund the irresponsible and reckless wasting of money by government and municipalities, are […]<\/p>\n","protected":false},"author":1,"featured_media":1141,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[29],"tags":[],"class_list":["post-1143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news-english"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t