Stop the rot in pension scheme
Stop the rot in pension scheme FINANCE Minister Thabo Sophonea last week painted a picture of a man who is under siege from corrupt elements running the Old Age Pension scheme. Some senior officials within the Ministry of Finance have hijacked the pension scheme, a noble idea that was meant to provide financial support to the elderly. The corrupt officials have chosen to create thousands of ghost beneficiaries, prejudicing the government of at least M200 million every year. Even when Minister Sophonea has initiated steps to stop the looting, it would appear the odds are heavily staked against...
Source: thepost.co.ls