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The Freedom Front Plus says it is delighted that Transnet pensioners have won another round in court in their struggle for dignified pension benefits.
Transnet's application for leave to appeal a ruling allowing their pensioners to bring a class-action suit was dismissed by the High Court in Pretoria on Friday.
FF Plus parliamentary spokesperson on Transport, Adv. Anton Alberts says Judge Ephraim Makgoba clearly stated that, according to him, there were no grounds for an appeal and he confirmed it by awarding costs against Transnet and the pension funds.
On July 31, Makgoba granted an order allowing pensioners Johan Pretorius and Johan Kruger to launch a class action suit on behalf of Transnet's 62-thousand impoverished pensioners, in an attempt to recover close to R80 billion in assets and interest.
The group has accused Transnet of stripping the Transnet Pension Fund and Transnet Second Defined Benefit Fund of its assets and mismanaging them to such an extent that the funds were unable to meet their obligations to members.
They accused Transnet of attempting to dissolve the pension fund.
