Unions might not back ruling party unless provident fund rules reversed and plans to launch a ‘massive campaign’ to have measure lifted THE Congress of South African Trade Unions (Cosatu) plans to launch a "massive campaign" against the compulsory annuitisation of two thirds of provident fund savings on retirement, which will come into force on March 1.The measure became law with the signing of the Taxation Laws Amendment Bill by President Jacob Zuma and its publication in the Government Gazette last week.Its enactment has once again pitted the African National Congress (ANC)-led government against the federation, which warned on Wednesday that the government’s refusal to hear its objections to the law had weakened the alliance and would "complicate" Cosatu’s campaigning for the ANC in the local government elections.Cosatu president Sdumo Dlamini said the federation would apply for permission to hold protests under Section 77 of the Labour Relations Act."Yes, it does affect the alli...
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