Thank you, Madam Chair. In light of the fact that many employees submit a portion of their salaries into a pension fund that will hopefully in their old age and retirement assist in maintaining their basic needs, it is incumbent upon us to ensure the security of such funds.
The Transnet Pension Fund, which has been functional since 1990, and which in its 16 years has accumulated the pensions of so many employees, is an example of a fund that we have a duty to secure.
The MF is pleased about the provisions and amendments contained in the Bill, which clearly provides for an instrument that will secure the efficient management of the fund and will provide security for its beneficiaries.
The MF supports the Transnet Pension Fund Amendment Bill. I thank you.