An ex-employee recently learnt the hard way that, by defrauding her former employer, she may not only have to face charges but could also lose all the contributions made into her pension fund – including the portion that would have formed part of her cost-to-company earnings.
In addition, the GEPF, represented by the Public Investment Corporation of South Africa (PIC), have injected $48. 5 million (R879. 9 million) of cash equity as part of a $100 million recapitalisation of GREA.
The SARS yesterday updated the total figures for tax directives received concerning withdrawals from the Savings Withdrawal Benefit under the Two-Pot system.
The National Treasury has reduced Eskom's debt relief allocation by R2 billion following non-compliance with asset disposal conditions, while implementing stricter controls on the power utility's financial support. Here's what this means for South Africa's energy future.
South Africa’s finance minister’s full MTBPS.
The mini budget fails to address the potential economic impact of a proposed 36% electricity price increase, while presenting contrasting scenarios for South Africa's economic growth through structural reforms and global market challenges.
However, Godongwana said the economy has since strengthened in response to the suspension of power cuts since March, improved confidence following the formation of the Government of National Unity (GNU) in June, better than-expected inflation outcomes in recent months and reduced borrowing costs.
Godongwana said this was a measure to build a capable State that delivers a reasonable and reliable standard of public service that will foster the necessary environment for more growth and jobs.
Being a sperm donor does not make you a father, and being a biological parent does not confer absolute rights, according to a ruling by the Pension Funds Adjudicator.