The deadline given to Nedlac, the tripartite business, labour and government negotiating body, to reach agreement on legislation that will govern the distribution of more than R80 billion in pension fund surpluses has been extended until August 31.
Anusha Makka, Nedlac's co-ordinator for public finance and monetary policy, says there will be further bilateral meetings between business and labour before the deadline date, followed by a Nedlac meeting to conclude the negotiations.
This is the third postponement of the deadline.
Personal Finance understands that the differences have been narrowed down to technical rather than principle issues.