Cosatu is concerned about the R7.29-billion in unpaid pension contributions by employers [SOUND]

# The Congress of South African Trade Unions has expressed concern about the rapidly growing problem of employers defaulting on pension fund contributions. According to the latest Financial Services Conduct Authority report, 15-thousand-521 employers are now in default, up from seven-thousand-700 in 2024, and much higher than the initial four-thousand reported in 2023. Cosatu’s spokesperson, Zanele Sabela, says this threatens the financial security of nearly 600-thousand workers across key sectors: