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pension fundslatest news & developments
Businessman Kagiso Matjila has threatened the PIC, the Government Employees Pension Fund and PIC chief executive Patrick Dlamini with a R1 billion damages claim in an escalation of the battle over the Lanseria International Airport dispute.

Why a settled Lanseria dispute still haunts the PIC

What began as an arbitration over Lanseria Airport has escalated into a major governance crisis for the Public Investment Corporation (PIC), involving a whistleblower complaint…

How Lanseria became the fault line in the PIC power struggle

The Public Investment Corporation (PIC) is embroiled in a significant governance crisis, stemming not from a recent whistleblower complaint, but from a long-standing dispute over…

For years, local government has been plagued by instability, political infighting and allegations of cadre deployment, with many municipalities struggling to deliver basic services such as water, electricity, refuse removal and road maintenance.

Municipal employees to get a 3.5% increase after wage deal

The South African Local Government Association said a three-year wage deal had been agreed on the remuneration of municipal employees

Through research and partnering with communities, universities can tackle the Southern African region’s problems, such as poverty, climate change and unemployment

Academics, students urge Wits University to divest from fossil fuels

Staff and students argue it is unethical for university to profit from an industry that damages the planet and distorts science

Sexual harassment complaints against NTI manager ‘ignored’

Woman contract employee accuses her former manager of sexually predatory behaviour

ANC head of the economic transformation committee Enoch Godongwana

ANC wants pension funds to finance infrastructure build

The party released its plan for the reconstruction of the country’s post-coronavirus economy on Friday. This would involve changes to Regulation 28 of the Pension Funds Act

In the newly democratic South Africa, the shamefully low level of electrification of black households was seen as an apartheid wrong that needed to be righted.

Why Soweto residents do not owe Eskom R18-billion

This debt should be deemed a subsidy, an external cost that the government must bear for inadequate service delivery.

The church has fallen into the worldly trap of placing money and comfort above God.

Morals decide the state of the nation

But the church has fallen into the worldly trap of placing money and comfort above God

(John McCann/ M&G)

Pensioners lose out to ‘greedy’ firms

A recently released report reveals how big players in the pensions industry have benefited by leaving policy holders out in the cold

South Africans could face rising living and borrowing costs after inflation accelerated to 4% in April, with economists warning that fuel-driven global price shocks — not domestic demand — are complicating the South African Reserve Bank’s interest rate outlook

Vocabulary needed to make sense of the new normal

Negative rates are seriously spooking markets. Money managers are used to getting a positive return on their investments

IRFA vice-president Geraldine Fowler says that in this year’s conference  the existing pensions ecosystem will be explored in detail

You have the power

The need for better retirement outcomes is crucial to the economic growth of Africa and for society as a whole

“See the old-age grant as an investment into society and the economy, not as a burden on state resources,” says the Pietermaritzburg Pensioners Forum. (Reuters)

Mr President, the old-age pension is an investment, not a burden

As the pensioners of our democratic society, we toiled for our country’s success and we deserve to thrive

Anthony Williams, chief executive and principal officer of the SABC Pension Fund and Medical Scheme

Awards stimulate knowledge transfer

The benefit to a fund in receiving a BPIA award is the increase in reputational index to its members

The state-owned asset manger has been mired in allegations of irregularities in its handling of investment procedures and governance processes which also implicate former CEO Dan Matjila. (David Harrison/M&G)

PIC commission kicks off with employee testimony

​Public Investment Corporation employees will be the first witnesses at the PIC commission of inquiry which begins in Pretoria this week

Awie de Swardt, managing director of Futura SA Administrators

High rate of compliance allows for rapid investment

Compliance with pension payments is high, despite high staff turnover

The rand reached R10.96 to the dollar this month from R10.38 in November 2013.

Call for employers to assist with saving as Sasi launches July Savings Month

Set up tax free savings accounts for your children now

(David Harrison/M&G)

At least R255m in mine workers’ cash lost in Amplats pension scam

Investment company claims to own properties it has no rights on in attempt to cover up loss.

Kate O’Regan and Vusi Pikoli chair the commission of inquiry into policing in Khayelitsha.

FSB hopes its latest salvo will end the battle over the closure of ‘orphan’ pension funds

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.

Pension fund cull sparks unease

Industry participants say the closure of dormant funds was lawful, but Rosemary Hunter’s challenge to the Financial Services Board has raised alarm.

Pension fund fracas heads to court

Financial Services Board official Rosemary Hunter has claimed that the process to close dormant funds was flawed, affecting many of SA’s poorest.