GroundUp | Ciaran Ryan | 16 January 2019 | “This may seem small compared to the billions of unclaimed assets, but it is always nice to see a direct impact” It’s nice to share good news every now and again. Late last year we published two stories (here and here) on R42 billion in unclaimed pensions owed…
Unaccountable 00003: Captured Regulator?- The FSCA and Dube Tshidi By Michael Marchant Open Secrets | Daily Maverick | 3 December 2019 In part two of the Open Secrets Unaccountable series, we profiled the conduct of Liberty Group in the incorrect cancellation of hundreds of pension funds when they still held more than R100 million owed…
Christi Nortier | Maverick Citizen | 29 November 2019 | Every Friday for the past decade, Sphiwo William Casiwe has made his way from his home in Khayelitsha to the local activist hub, the Isivivana Centre, for a meeting with fellow ex-mineworkers. He clutches his satchel as he hails taxis and navigates pavements. He rests…
Unaccountable 00002: Liberty- Profit over Pensioners By Michael Marchant More than 16 million South Africans contribute to a pension fund, most of which are run by financial behemoths like Liberty. They do so in the hope of a decent dignified life in retirement, and to ensure their dependants will be paid if they die. While…
Ciaran Ryan | GroundUp | 26 November 2019 R19 billion owed to beneficiaries in metal industry More than half the unclaimed benefits of R42 billion owed to roughly 4.2 million former workers are bottled up in just two trade union-affiliated pension schemes. This is one of the findings in a recent report into unclaimed benefits…
Ciaran Ryan | GroundUp | 19 November 2019 | A campaign to reclaim billions of rands in unclaimed benefits is about to kick into high gear. The Unclaimed Benefits Committee (UBC), representing a group of claimants, and non-profit organisation Open Secrets, are planning to lobby Parliament. “We will also be calling for a boycott of…
Weekend Breakfast with Refiloe Mpakanyane | 702 | 16 november 2019 | Senior Researcher at Open Secrets, Michael Marchant unpacks Open Secrets’ report looking in to the saga behind the FSCA’s unclaimed pension funds which is reportedly nearing R50 Billion now.
Lotus FM | Newsbreak | 13 November 2019 | SABC News and Current Affairs — By Newsbreak Producer Hoossen Ebrahim – Non-profit organisation “Open Secrets” has written to the Finance Minister to investigate their report which found over 42-billion-rand worth of unpaid benefits of pension funds – still under the control of private administrators. The…
Marianne Thamm | Daily Maverick | 10 November 2019 The R42-billion in unpaid benefits owed to more than four million South African pensioners is ‘a fundamental failure’ of public interest by state regulators and pension fund administrators, a year-long investigation by Open Secrets has concluded. Open Secrets researchers Michael Marchant, Mamello Mosiana, Leila Khan and…
Weekend Breakfast with Africa Melane | Cape Talk | 9 November 2019 | This is the 3rd and final installment of a conversation which this show has been having about unpaid pension schemes in South Africa. Around R42 Billion is sitting in pension schemes which are administered in South Africa. These benefits have been due…