The DA welcomes the decision by the Pretoria High Court to allow the commencement of class action proceedings against Transnet and two of its pension funds, Transnet Pension Fund and the Transnet Second Defined Benefit Fund (TSBF), on behalf of 65 000 former Transnet employees.
This follows claims that Transnet alienated and mismanaged assets held by TSBF and Transport Pension Fund, resulting in the funds' inability to meets its obligations to pensioners.
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