OVERINDEBTED
Calls to fast-track debt-relief bill grow
Cosatu has written to Ramaphosa asking him to intervene to ensure that this bill, and the PIC Amendment Bill, are adopted
Pressure is mounting on parliament’s trade and industry committee from all sides to either substantially change or expedite the adoption of a bill providing debt relief to the heavily overindebted. The Congress of SA Trade Unions (Cosatu) fears huge pushback is under way against the adoption by the committee of the National Credit Amendment Bill, which is approaching finalisation. The federation has written to President Cyril Ramaphosa asking him to intervene to ensure that this bill, and the Public Investment Corporation Amendment Bill, are adopted. Cosatu parliamentary co-ordinator Matthew Parks said the letter was prompted by rumours that the ANC members of the committee had been summoned to ANC headquarters at Luthuli House in order for the bill to be quashed or delayed. DA trade and industry spokesman Dean Macpherson said he was aware of these rumours, but they were strongly rejected by committee chairwoman Joan Fubbs. Fubbs said the ANC members of the committee intended to bri...
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