1. (a) The court order has not yet been implemented. This court order will be
implemented by the PRASA Sub Fund of the Transport Pension Fund upon the approval of the Fund Rule amendments this implies.
“In terms of the Transnet Pension Fund Act (Act 62 of 1990 as amended), the responsibility to approve amendments to the Special Rules of the PRASA Sub Fund of the Transport Pension Fund rests with the Minister of Public Enterprises with concurrence by the Minister of Finance. The relevant proposed amendments to the Special Rules of the PRASA Sub Fund is currently receiving attention by the Minister of Public enterprise.”
(b) In terms of PRASA protocol, all rule amendments for the pension funds are channelled through Transnet. The proposed amendments to the PRASA Special Rules were circulated to the Office of the Transnet Chief Financial Officer on 12 April 2021.
2. Regular follow ups have been made with Transnet and the matter will now be escalated to the Department of Public Enterprises (DPE) for intervention as the submissions were made in April 2021 already.
3. I will not be making any statement on the matter.