• #111 (no title)
  • About Us
  • Contact Us
  • COVID-19 Coronavirus Global Data
  • Home 3
  • Job Dashboard
  • Jobs
  • Log In
  • Post a Job
  • Privacy Policy
  • Privacy Policy
  • Reset Password
  • Sign Up
  • Tenders
  • test
Monday, October 2, 2023
Independent News
  • Home
  • COVID-19
    • COVID-19 Global Data
  • News
    • Local
    • South Africa
    • Africa
    • World
  • Business
    • Economy
    • Markets
    • Finance
    • Businesses
    • World Economy
  • Technology
  • Travel
    • Travel News
    • Hotels
    • Domestic Tourism
    • Health
    • Home and Garden
    • Motoring
    • Travel Tips
  • Entertainment
    • Local
    • Upcoming Events
    • International
    • Celebrity News
    • What’s On
    • Music
    • Movies
  • Tenders
  • Sports
    • Local Sports
    • Legend Corner
    • International Sports
    • Soccer
    • Rugby
    • Cricket
    • Tennis
    • Boxing
    • Cycling
    • Golf
No Result
View All Result
  • Home
  • COVID-19
    • COVID-19 Global Data
  • News
    • Local
    • South Africa
    • Africa
    • World
  • Business
    • Economy
    • Markets
    • Finance
    • Businesses
    • World Economy
  • Technology
  • Travel
    • Travel News
    • Hotels
    • Domestic Tourism
    • Health
    • Home and Garden
    • Motoring
    • Travel Tips
  • Entertainment
    • Local
    • Upcoming Events
    • International
    • Celebrity News
    • What’s On
    • Music
    • Movies
  • Tenders
  • Sports
    • Local Sports
    • Legend Corner
    • International Sports
    • Soccer
    • Rugby
    • Cricket
    • Tennis
    • Boxing
    • Cycling
    • Golf
No Result
View All Result
Independent News
No Result
View All Result
Home Local News Business

Pensioners to take govt to court over custodianship of PSPF funds

Themba Zwane by Themba Zwane
March 4, 2022
in Business, Local, Local News, Politics
2 min read
0
Pensioners to take govt to court over custodianship of PSPF funds
  • Pensioners to meet Public Service Minister for the last time over issue

Mbabane – A dispute has ensued over the rightful custodian of the Public Service Pension Fund (PSPF). According to PSPF Pensioners President, Elliot Mkhatshwa, arrangements were being finalized to take government to court for allegedly stealing and controlling the Fund.

He said government is owning the PSPF unlawfully as according to the Public Service Pensions Order of 1993 the Public Service Pension Fund was established with the civil servants in mind. According to the regulations, 5 percent was said would come from employees, 15 percent from the employer. This means the contribution of the employer was to be added to that of employees and not that government has got shares by contributing,” he said.

He said there is now a perception that government has got the right to control the Fund because she has an interest as the major contributor of funds. “There is nothing like that and the public must know that there is nothing like that, government does not have even a cent in the Fund,” said the president.

Mkhatshwa said where government is wrong is to take control of the fund through theft. He said the government stole the Fund in 1999 after it was established in 1993. He said after stealing it in 1999, the government then converted it to a Category B parastatal.  The president added that the government has been looking to see if there were any entities who noticed their act of stealing.

Unfortunately, no one challenged this wrong doing until it was recently discovered that government had taken control of their Fund when it does not belong the her but them (pensioners).

“We are now demanding back the Fund in accordance with the regulations of its establishment and the 2005 Act which clearly states that we are the owners of the Fund. We are now determined to take legal action to repossess the Fund from government.

We have all met as stakeholders and finalized talks, we all agree to approach the courts, we shall immediately do so. What is now left is for us to meet the Minister of Public Service (Mabulala Maseko) for the last time so that he is not taken by surprise when the matter is in court. We have tried all other remedies but were unsuccessful and therefore the courts are the only remedy left for us,” he said.

According to Mkhatshwa, the truth is that the operations of the Fund are administered by the Fund management, then there is a Board of Trustees, monitoring or guiding the operations of the Fund to ensure it does all that is required of it. “The minister and the others, they are the entities who are unlawfully involved in activities of the Fund. Bayachakela,” he said in vernacular.

“They do not qualify to be involved in the business of the Fund.

Share5Tweet3Share1
ADVERTISEMENT
Previous Post

I don’t believe 2022 budget to be pro-poor – Marwick

Next Post

ESCCOM trains 61 for data collection survey

Themba Zwane

Themba Zwane

Related Posts

Dlomo donates E20k sneakers to Ngcoseni netball team
Local Sports

Dlomo donates E20k sneakers to Ngcoseni netball team

September 28, 2023
‘Landers vs ‘Birds’ in MoMo Cup
Local Sports

‘Landers vs ‘Birds’ in MoMo Cup

September 20, 2023
Eswatini to commit E30 billion for SDGs
Community News

Eswatini to commit E30 billion for SDGs

September 20, 2023
Next Post
Ozzy Thakatha , Acting CEO Eswatini Communications Commision

ESCCOM trains 61 for data collection survey

Discussion about this post

ADVERTISEMENT
  • Trending
  • Comments
  • Latest
Government launches e-Payment for vehicle lincence renewal

Government launches e-Payment for vehicle lincence renewal

October 7, 2021
King’s Siyinqaba II Jet in Miami, USA

King’s Siyinqaba II Jet in Miami, USA

November 18, 2020

COVID-19 and the youth: Opportunities in ICT

August 21, 2020
Gee Six Five dies of COVID-19

Gee Six Five dies of COVID-19

December 9, 2020
Dlomo donates E20k sneakers to Ngcoseni netball team

Dlomo donates E20k sneakers to Ngcoseni netball team

September 28, 2023
‘Landers vs ‘Birds’ in MoMo Cup

‘Landers vs ‘Birds’ in MoMo Cup

September 20, 2023
Eswatini to commit E30 billion for SDGs

Eswatini to commit E30 billion for SDGs

September 20, 2023
Free entry in Sitsebe, Burkina Faso clash

Free entry in Sitsebe, Burkina Faso clash

September 20, 2023
ADVERTISEMENT

PressReleases

Inside Ecsponent: How E340m was squandered
Press Releases

ESCPONENT SAGA: Dave Van Niekerk warns MHMK Group on concerted effort to defame him

August 28, 2023

It has come to my attention that there is a concerted effort to malign, discredit and defame my name by...

Read more
Jehovah’s Witnesses ‘pursuing peace’ amid rising global tensions

Jehovah’s Witnesses ‘pursuing peace’ amid rising global tensions

August 10, 2022
New Scenarios on Global Food Security based on Russia-Ukraine Conflict

New Scenarios on Global Food Security based on Russia-Ukraine Conflict

March 21, 2022
MTN donates US$25 million to the African Union’s COVID-19 vaccination programme

AFRICA BRAND AWARDS: MTN named most helpful private sector brand during the pandemic

May 28, 2021

Stay Connected test

  • 13.6k Fans
  • 5.1k Subscribers

Recent News

Dlomo donates E20k sneakers to Ngcoseni netball team

Dlomo donates E20k sneakers to Ngcoseni netball team

September 28, 2023
‘Landers vs ‘Birds’ in MoMo Cup

‘Landers vs ‘Birds’ in MoMo Cup

September 20, 2023
Eswatini to commit E30 billion for SDGs

Eswatini to commit E30 billion for SDGs

September 20, 2023
Free entry in Sitsebe, Burkina Faso clash

Free entry in Sitsebe, Burkina Faso clash

September 20, 2023


ADVERTISEMENT
Independent News

Independent News Eswatini is a registered private media house in Eswatini established in 2007 and is based in Mbabane. We are the fastest growing weekly news publication in Eswatini that seeks to publish, investigative stories that give insight and play the watchdog media role in government politics, uncovering corruption, giving business insights, technology and economic outlook in Eswatini.

Follow Us

Browse by Category

Recent News

Dlomo donates E20k sneakers to Ngcoseni netball team

Dlomo donates E20k sneakers to Ngcoseni netball team

September 28, 2023
‘Landers vs ‘Birds’ in MoMo Cup

‘Landers vs ‘Birds’ in MoMo Cup

September 20, 2023
Eswatini to commit E30 billion for SDGs

Eswatini to commit E30 billion for SDGs

September 20, 2023
  • About Us
  • Advertise
  • Privacy Policy
  • Contact Us

© 2020 Independent News - All Rights Reserved

No Result
View All Result
  • Home
  • COVID-19
    • COVID-19 Global Data
  • News
    • Local
    • South Africa
    • Africa
    • World
  • Business
    • Economy
    • Markets
    • Finance
    • Businesses
    • World Economy
  • Technology
  • Travel
    • Travel News
    • Hotels
    • Domestic Tourism
    • Health
    • Home and Garden
    • Motoring
    • Travel Tips
  • Entertainment
    • Local
    • Upcoming Events
    • International
    • Celebrity News
    • What’s On
    • Music
    • Movies
  • Tenders
  • Sports
    • Local Sports
    • Legend Corner
    • International Sports
    • Soccer
    • Rugby
    • Cricket
    • Tennis
    • Boxing
    • Cycling
    • Golf

© 2020 Independent News - All Rights Reserved

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In