Cosatu is angry at the non-payment of pension fund contributions [SOUND]

# Union federation Cosatu says delinquent employers, who fail to pay over contributions to pension funds, must be charged and prosecuted for the theft, fraud and corruption that this mass looting is. The latest Financial Sector Conduct Authority report indicates that by the end of February this year, the number of defaulting employers stood at 16-thousand-556. Cosatu’s spokesperson, Zanele Sabela, says total arrears have increased to 8.33-billion-rand, putting the financial futures of about 590-thousand workers at risk: