Cosatu: Pensions shouldn't be a 'piggy bank' for ANC's failed economic policies

2020-03-07 11:00

Cosatu has slammed remarks by ANC spokesperson Pule Mabe that pension funds could be used to provide financial support to small businesses and start-ups.

Fail to act on climate change and you're fired, says R570bn pension fund

2020-01-27 14:01

A £30bn (R570bn) UK pension fund has threatened to fire managers that fail to curb their exposure to climate change and position for a low-carbon economy.

Prescribed assets: What government could do with your retirement savings

2019-08-20 11:48

The last time South Africa had prescribed assets, the apartheid regime forced retirement funds to invest half of all savings in government bonds.

Activists push SA pension funds to tally climate costs

2019-04-15 08:17

Pension funds in South Africa have a legal obligation to account for the financial effects of climate change on their investments, according to two groups lobbying money managers to pay closer attention to the issue.

ANC prescription talk makes fund managers, public service unions nervous

2019-01-19 13:15

The ANC elections manifesto itself says the party will investigate the introduction of prescribed assets on financial institutions’ funds.

PIC board must be dissolved, urges PSA

2018-08-19 19:00

The Public Servants Association is calling for the appointment of a new Public Investment Corporation board, saying it should include labour representatives.

Retired principal's pension shock behind Cape school shutdown

2018-03-01 08:42

A retired school principal who realised that her pension will not be enough to support her, has apparently caused a shutdown at a school.

PIC mandates make state capture a tricky matter - Matjila

2017-10-31 14:20

It will be difficult to capture the Public Investment Corporation as it has mandates with its clients that prescribe how their funds are managed, says its CEO Dan Matjila.

Vigilance needed with pensioners' money - GEPF chair

2017-10-18 16:24

The board of the Government Employees Pension Fund needs to be vigilant as there appears to be a temptation to view it as a source of funding for the fiscus, the fund’s chairperson Renosi Mokate has told Parliament.

PIC's Dan Matjila: We haven't closed the door on SAA

2017-10-17 13:32

The Public Investment Corporation, which manages government employees' pension money, says it will still consider investing in ailing national carrier SAA.


Solidarity rejects plan to use workers' pensions to bailout Eskom, warns of court action

2020-02-12 10:33

The union says it it is not in the interests of workers to fund bankrupt entities.

Gogo: ‘I was robbed’

2020-01-07 16:38

A retired Pietermaritzburg nurse who spent over 30 years of her life caring for her community says she is being short-changed out of her pension gratuity, 36 years after her retirement.

Give gov't your pension funds or have the country turn to the IMF? No need for either, says DA

2019-08-18 16:59

The ANC should work towards reforms that will avoid seeing the introduction of asset prescription or seeking money from the International Monetary Fund, urged the DA.

Prescribed assets - 5 questions answered

2019-01-26 11:40

Kirk Swart answers some burning questions on prescribed investments for pension funds.

Probe into PIC CEO Dan Matjila gets underway - Business Day

2018-09-11 09:55

An investigation into the conduct of Public Investment Corporation head Daniel Matjila has started with letters sent to staff seeking information, Business Day newspaper reported.

Union heads to court to demand information about PIC decisions

2018-08-16 18:28

The Public Servants Association has filed a court application in a bid to force the release of information relating to the PIC board and the R5bn bridging loan granted to Eskom in February.

Liberty reinstates 90 funds worth R82m

2018-02-18 07:30

Liberty Group, the financial services group responsible for most of a controversial mass cancellation of “orphan” pension and provident funds, is asking for 90 of them to be reinstated.

Parliament agrees with unions: pensioners' money can't bail out SOEs

2017-10-18 19:59

Yunus Carrim, the chairperson of Parliament's oversight committee on finance, also questioned why Finance Minister Malusi Gigaba earlier this month ordered an audit of the Public Investment Corporation.

Gigaba warns retirement funds to obey regulator's rules

2017-10-17 20:48

Finance Minister Malusi Gigaba has called on retirement funds to obey the strict rules laid down by the pension funds regulator.

FSB has no oversight over Transnet pension funds

2017-10-13 18:41

The Financial Services Board has clarified its position in terms of oversight of the Transnet Employees’ Pension Fund.

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