Great North Transport (GNT) is fully committed to see the Pension Fund Liquidation process, which is currently underway, finalised.
The company through its Chief Executive Officer, Dr Matata Mokoele has taken a firm decision not to rest until all outstanding benefits are paid to deserving beneficiaries.
GNT brushed aside unnerving allegations which were circulated in the media over the weekend of the 27 April 2023 that GNT is reneging on its commitment to fulfill payments obligation as previously stated following the dissolution of the liquidation process.
“As GNT, we are satisfied with the progress to date, and we can confidently announce that 84% payments of the outstanding benefits to former employees or appointed beneficiaries of the total of 1163 applications were successfully processed and paid,” said Mokoele.
In cases where beneficiaries have not received their benefits, or payment not successfully paid, it is due to non or late submission of required documents, which include banking accounts being closed, tax clearance queries; and non-submission of application forms or member not showing up.
However, the process of locating and identifying outstanding beneficiaries who are still yet to receive their benefits is ongoing.
“We are very happy with the progress thus far and it is our wish and priority to see all our beneficiaries receiving what is due to them harmoniously,” said Mokoele.
Mokoele added that Great North Transport once again invites any of its former and current employees who may need support in this regard to visit our offices and verify the status of their pension funds.