The failure of private security companies to pay pension funds to their workers has raised concerns and drawn criticism from the Economic Freedom Fighters (EFF).
In a letter addressed to Minister of Employment and Labour, Thulas Nxesi, EFF deputy president and parliamentary chief whip, Floyd Shivambu, highlighted the urgent need for intervention to address the financial instability faced by security guards across the country.
Shivambu’s letter revealed a disturbing level of non-compliance among private security firms, accusing them of orchestrating a systematic robbery against their employees.
[ Motshekga Said Matric Results Show Stabilization In South Africa’s Education System ]
According to the information at their disposal, a staggering 83% of private security entities are not compliant with the payment of provident funds to workers. This non-compliance involves 2,224 companies neglecting their contributions to the Private Security Sector Provident Fund, resulting in an outstanding amount of R6 billion.
This blatant disregard for the rights and well-being of workers is a serious violation of Section 13A of the Pension Fund Act.
Shivambu emphasized that these companies are essentially engaging in an elaborate heist against the hardworking individuals of South Africa, by withholding funds meant for the security guards who risk their health and lives daily.
The fact that this has occurred under the watchful eye of the Ministry of Employment and Labour Services is disheartening.
The EFF expressed dissatisfaction with the Private Security Industry Regulatory Authority (PSIRA), accusing it of neglecting its duty to enforce the law and oversee companies under its jurisdiction.
Shivambu stressed the need for accountability and urged the regulatory body to be held liable for allowing these infractions to persist without intervention. In light of these revelations, Shivambu called for a thorough investigation into these private security firms.
It is imperative that all non-compliant companies be brought to justice, and strict measures should be taken to ensure their compliance with the Pension Fund Act. The EFF’s proposal to link compliance with the renewal of operating licenses is seen as a step in the right direction.
The Ministry of Employment and Labour Services is urged to take swift and decisive action to protect the rights of workers in the private security sector. Their leadership in this matter will not only bring justice to the affected workers but also send a clear message to security companies that fraudulent activities will not be tolerated in South Africa.
Catch up with the latest news from The Times Post on WhatsApp by following our channel. Click here to join.
