Fleeced enough

Finweek English Edition - - Letters - RICHARD DUN­CAN

I’M RE­SPOND­ING to the let­ter by Baron F (5 April), who re­sponded to Rory G “Do the maths” (22 March), re­gard­ing a na­tional re­tire­ment fund. Clearly, the writer doesn’t un­der­stand how South Africa’s pro­posed so­cial se­cu­rity con­tri­bu­tions will work.

Any scheme driven by Gov­ern­ment will not be in the best in­ter­est of the man in the street. Any na­tional fund pro­posed for any pur­pose is purely to gain con­trol of vast sums of money. I think we’ve been fleeced enough. Show us an ex­am­ple of a well-run de­part­ment other than Rev­enue, for ob­vi­ous rea­sons, and then per­haps we need not be con­cerned.

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