The Financial Services Board says no one has incurred financial losses and has asked the court to dismiss an employee’s case against it with costs.
Industry participants say the closure of dormant funds was lawful, but Rosemary Hunter's challenge to the Financial Services Board has raised alarm.
Financial Services Board official Rosemary Hunter has claimed that the process to close dormant funds was flawed, affecting many of SA's poorest.
Saccawu is being sued for R30-million by its provident fund but has been given a last chance.
Many public servants appear to have resigned to get their funds before the law changes.
Passive management of pension funds could provide similar returns at a lower price, it says.
Someone needs to come up with a simple, affordable scheme for low-income earners.
SA's Government Employees Pension Fund says it has allocated R13-billion to three new funds targeted at boosting employment and economic growth.
Legal documents were served on Transnet and two of its funds regarding a class action suit over pension funds, Geyser and Coetzee Attorneys said.
Research forecasts a 12.5% average annual growth in household wealth.
Once called the "dark continent", Africa is now better known as the next growth frontier and is ripe for investment opportunities
Millions of clothing workers' pension fund money was transferred to the Canyon Springs investment company with only a draft loan agreement in place.
The treasury's new adviser, David McCarthy, wants to counter threats to the retirement industry, writes Maya Fisher-French.
Alarmed investors say the lack of warning and the quantum of the increase are shocking, writes Maya Fisher-French
Luxury resort development group to explain what happened to millions of clothing workers' pension money after it was liquidated.
Liberty Corporate's Willem Loots says it's critical that government's retirement reforms be structured in a sustainable way.
Officials say minister left before he was pushed as case into missing worker millions continues.
Bank records subpoenaed by the liquidation inquiry indicate that Richard Kawie used borrowed pension-fund money to fund a lavish lifestyle.
What is the best pension fund option to get?