Latest News & Developments
The Hawks in the Northern Cape arrested a 38 year old former CFO and two cashiers from Phokwane Local Municipality for their involvement in a multi-million-rand fraud scheme, which resulted in significant financial losses.
Golden Leopard Resorts in the North West's Pilanesberg National Park faces serious allegations of failing to pay employee benefit deductions since 2022. The Public Servants Association demands immediate action as pension funds, insurance policies, and union subscriptions remain unpaid, affecting workers' financial security.
The man was a minor when his mother passed on in 2008. He was due to receive 90% from the death benefit and his grandmother had to receive 10%.
As the new tax year begins, Alexforbes reports a significant rise in retirement fund withdrawal claims, highlighting the financial pressures faced by many South Africans
South African labour unions are deeply divided over a government proposal to temporarily suspend employer contributions to the Government Employees Pension Fund (GEPF). While Cosatu supports the plan to address a R60 billion budget shortfall, other unions warn of long-term consequences for public servants' retirement security
Explore the struggles of South Africans relying on social grants, as a family of twelve shares their challenges in making ends meet amidst rising living costs.
A 54-year-old man from Chatsworth arrested for allegedly robbing a 64-year-old grandmother of her SASSA grant money during a first date will remain in jail, pending a bail application.
As USAID faces potential shutdown under Trump and Musk's influence, Ukraine's lifeline of billions in aid hangs in the balance.
Sars reveals that over two million taxpayers have accessed their savings pot, with R 43. 42 billion paid out to date.
The man found himself in financial difficulties and approached the bank to withdraw R650,000 from his life annuity, unfortunately, the request was denied.
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.
The streets of Braamfischerville came alive with singing and loud cheers at the sound of a megaphone from the Blue Ribbon team calling everyone to come and get free loaves of bread.
According to the authority, about R7 billion in contributions remain unpaid.
The saving pot was not created as a solution to solve your short-term cash flow problems or to save you from the self-inflicted wounds caused by high interest credit purchases.
Pension-Backed Lending may be a unique pathway for people and families looking to make their dream of owning a home a reality.
Being a pensioner in South Africa is hard.
Geopolitics intermingle with economic tools to advance geopolitical agendas, of which there are an ever-increasing number.
It is easy not to consider what the true cost of these annual withdrawals from your Savings Pot will be over the lifespan of your career.
The implementation date is a matter of consternation for the retirement fund industry, because the new system demands considerable administrative changes.
Godongwana raised concerns about the March 1, 2024 implementation date.
Asisa said the number of living annuity policies grew by 13. 5% over the same period, to 527 038 at the end of 2022.
This comes after a complainant alleged that the MEPF allocated 23 years and two months of services to him while it should have been 41 years and two months.
Retirement is a significant milestone that requires careful planning and preparation, preferably throughout your working years.
The choice to make to retirement savings remains yours to make.
The law is strict on who can touch your pension savings when you retire or change jobs.