Public and private firms released Sh482.3 million to Savings and Credit Co-operative Organisations (Saccos) in the year to June, helping cut the pile-up of non-remitted deductions by various employers.
Data from the National Treasury shows that the surrendered amount was above the targeted Sh475 million and also an improvement from the Sh455 million recovered in the same period last year. “The target was over-achieved as a result of the resumption of business activities and enforcement of the Cooperative Act,” says the State Department of Cooperatives.
