The payment of pensions to beneficiaries of the former Venda Pension Fund will be resolved soon, the Ministry of Finance recently announced.
"The Minister of Finance, Mr Malusi Gigaba, intends to resolve the payment of pensions to beneficiaries of the former Venda Pension Fund by the end of November 2017," the ministry said in a statement.
Gigaba said that the matter had long been outstanding and needed to be resolved as urgently as possible. He further reaffirmed his commitment to seeing the project finalised.
The statement added that the Government Pensions Administration Agency (GPAA) is collating and reconstructing individual files and records of beneficiaries. This will ensure that qualifying pensioners receive the monies due to them.
The Venda Pension Fund had been privatised prior to 1994. It was then amalgamated with the Government Employees Pension Fund, which came into effect in the democratic dispensation.