PSA set to continue with court bid against Gigaba

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The Public Servants Association (PSA) says it will continue with court action against Finance Minister Malusi Gigaba, who it says has failed to respond to its demands.

The PSA will continue in its bid to secure control over public servants’ pension investments.

In a statement, the PSA said it had repeatedly requested that Gigaba engage with labour about the management of public servants’ pensions invested at the Public Investments Corporation (PIC) through the Government Employees’ Pension Fund (GEPF).

Gigaba’s failure to respond to letters from the PSA compelled the association’s attorneys to hand over a letter of compliance to him on 27 November.

In the letters, the PSA requested that the minister amend the memorandum of incorporation to include GEPF representation on the board and to fill three available vacancies with labour representatives.

The PSA also demanded that 80% of the PIC board comprise of public servants and called for the removal of current board members who have conflicting interests.

The association called for the full disclosure of non-listed companies that have already been granted funding by the PIC and that new investments of this nature be frozen.

After three months, the PSA finally received a response from Gigaba pointing out that a meeting would scheduled during the third week of January 2018, with labour.

The PSA statement said issues raised by the association had not been addressed in the response received by the minister.

“It is unfortunate that the PSA has to continue with legal action to enforce compliance by the minister in a matter that is already governed by legislation,” PSA Deputy General Manager Tahir Maepa said.

The PSA is determined to ensure that public servants are protected that PIC management is not forced into questionable deals.

The PSA will thus continue its court case.

-TNA Reporter

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