Adriaan Basson: Ramaphosa’s straight talk refreshing and frightening

2020-03-09 06:00

His analysis was brutal: South Africa is not a country of savers. Our pension funds are effectively the only pots of money left. This was frightening and sobering to hear from the head of state, writes Adriaan Basson.

Cosatu: Debt relief for Eskom should not compromise investment, pension funds

2020-03-05 15:20

Any investments used to support the development of the State, should not undermine financial integrity, investment mandates or the sustainability of investment and pension funds, says a Cosatu spokesperson.

Adriaan Basson: Ramaphosa dare not raid the pensions of teachers and nurses to save Eskom

2020-02-10 05:51

Here’s the rider in the plan Ramaphosa will have to explain to the nation if he pushes it through: no Eskom employee may be retrenched. Eskom has 46 000 employees and an annual salary bill of R30bn, writes Adriaan Basson.

The battle to recover R42bn in unclaimed pension money

2019-11-19 19:35

A campaign to reclaim billions of rands in unclaimed benefits is about to kick into high gear. The Unclaimed Benefits Committee, representing a group of claimants, and NPO Open Secrets, are planning to lobby Parliament.

Who profits from unpaid pensions, asks new report probing wrongfully cancelled funds

2019-10-23 18:15

The assets of cancelled and dormant funds were often moved into unclaimed benefits funds held by the fund administrator. Since 2008, the assets of these UBFs have increased from R450m to over R8bn, says a new report.

Government pension fund should invest more in unlisted assets, says head

2019-04-25 17:04

The Government Employee Pension Fund currently has R50.6bn invested in unlisted domestic equities, compared to R970bn in listed equities.

Public sector hikes lead to large increase in average take-home pay

2018-09-26 11:53

Average SA take-home salaries increased by 4.7% in real terms in August on a year-on-year basis.

World Bank: Contributory pension fund could help SA's poor

2018-08-14 19:17

The World Bank has proposed a contributory pension fund, as a way to redistribute wealth and help SA's poor acquire financial assets.

Private pensions index shows increased need for govt assistance

2018-04-18 13:49

While the number of private pensioners in SA grows, the total pensionable population is growing faster, according to economist Mike Schüssler.

Inside Labour: Pensions - the trigger for worker action

2018-02-16 06:00

There are demands for transparency amid evidence that the PIC may have invested billions of rand of workers’ money into assets that may have had a political motive, says Terry Bell.

 

SA pensioners in dire financial state, report shows

2020-03-06 05:00

Under a fifth of South Africans over the age of 60 are receiving private pensions, a new report has shown.

Adriaan Basson: We’ve run out of money and options - pensions will bail out Eskom

2020-03-02 06:00

It is clear to me that labour’s defence of jobs will not extend to the heavily bloated SOE management structures. Cutting just half of those Eskom managers will save the utility R800m per year. writes Adriaan Basson.

Fundamentals of Eskom debt-reduction plan accepted by govt, business - Cosatu

2020-02-07 10:56

The utility has a debt burden of R450bn

Burned by last crisis, Zimbabweans seek to shelter their savings

2019-11-09 07:30

Hyperinflation wiped out pensions a decade ago, but this time around, savers and fund managers are getting savvier.

Zimbabwe pension payouts delayed due to forex shortage

2019-06-14 09:05

The provider of a common payment platform used by banks to pay out pensions is demanding to be paid in foreign currency.

GRAPH: This is how 'bracket creep' ate into take home pay - economist

2019-02-28 19:56

Take home pay would have increased a lot more in real terms if it was not for so-called "bracket creep" due to taxation, economist Mike Schüssler tells Fin24.

Uptick in take-home pay thanks to public servant backpay

2018-08-29 21:03

Real take-home pay increased between June and July, according to the latest BankservAfrica Take-home Pay Index.

Take-home pay beats inflation, with help from the taxman

2018-05-24 12:03

South Africans' take-home pay has increased above inflation, while privately banked pensions increased by 5%, according to the BankservAfrica Take-Home Pay Index.

The VAT increase and your pension savings

2018-04-12 06:15

Consumers who reduce their savings by as little as R100 per month due to the impact of the 1 percentage point VAT increase, are effectively robbing themselves, says an expert.

SA consumers gradually on the recovery path - salary index

2017-12-01 11:25

Disposable salaries have beaten inflation since March, a sign that SA consumers are slowly recovering, shows the latest BankservAfrica Disposable Salary Index.

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