DURBAN- Minister of Social Development Lindiwe Zulu has removed the controversial state-run social security plan.
The proposal of the plan suggested that employees pay up to 12% of their salaries to the fund.
The ceiling of the earnings is R276 000 annually.
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The Social Development Department revealed its recent Green Paper plan in which it describes why this would be done.
Who will pay and what is the earning bracket?
Lindiwe Zulu has withdrawn the plan to have a state-run social security fund. Image: Sharon Seretlo/Gallo ImagesSource: Getty Images
The current salary ceiling is earnings of R276 000 per annum.
If one earns this amount per year, they will pay a maximum of 12%.
This equates to R33 100, or around R2 760 per month.
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Source: Briefly News
Reeshni ChettyReeshni Chetty is a senior current affairs reporter.
Reeshni has a passion for breaking the stigma surrounding mental health issues.
