The link to the Treasury Press Release is below. It appears that the annuitisation is delayed, however the document released is a proposal and the final information will be covered in the budget speech on the 24th February, 2016 by Pravin Gordhan, current Minister of Finance.
Much time and expense has been incurred by many companies to ensure compliance with the new act.
It appears that both Nedlac and Cosatu are objecting to a lack of consultation, with two major issues on the table:
An old Cherokee is teaching his grandson about life: (Sources – See below)
A fight is going on inside me, he said to the boy. It is a terrible fight and it is between two wolves. One is evil – he is anger, envy, sorrow, regret, greed, arrogance, self-pity, guilt, resentment, inferiority, lies, false pride, superiority and ego.
The other is good – he is joy, peace, love, hope, serenity, humility, kindness, benevolence, empathy, generosity, truth, compassion and faith.