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  • Khulumani Members Join the Protest at the Constitutional Court against the Closure of Pension Funds by the Financial Services Board
    Khulumani Members Join the Protest at the Constitutional Court against the Closure of Pension Funds by the Financial Services Board

    Today, 13 February 2018, Khulumani members have travelled to Constitution Hill to make a stand outside the Constitutional Court where a case to challenge the illegal closure of 4,600 pension funds by the Financial Services Board and the threats of closure of a futher 1,600 pension funds, is underway. The case has been brought by the Unpaid Benefits Campaign (UBC) of which Khulumani is a member, to request the court to make the Financial Services Board account for these apparently unlawful measures. What is not known is whether these funds still held assets and liabilities, and if so, where those assets and liabilities are held. But in 2016, there were R41.7 billion in unpaid benefits owed to an estimated 4 million people.

    Written on Tuesday, 13 February 2018 11:26 in Active Citizens Read more...

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