Run on Numbers: Missed Pension Fund contributions leave SA’s (social) security in the balance

By Corrie Kruger | Published Oct 6, 2023

The Financial Sector Conduct Authority (FSCA) recently published its Communication 21 of 2023 – Publication of names of employers with arrears contributions. The communication provided the names of 3262 employers that contravened section 13A of the Pension Funds Act, which prescribes the way the payment of contributions and other benefits should be made to an employer’s retirement fund.