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  • Video

    Webinar | Retirement Funds: Key Developments (Video)

    ESG: changing financial services for the good...
    South AfricaFinance and Banking
    ENS
    ENS
  • Article

    The Registrar General Of Lesotho Retires

    In September 2020, Mrs Sentsuoe Mohau, retired as the Registrar General in the Ministry of Law, Constitutional Affairs and Human Rights in Lesotho.
    South AfricaGovernment, Public Sector
    Adams & Adams
    Adams & Adams
Article

The Perils Of Non-Compliance: Lessons From The Municipal Workers' Retirement Fund Judgment

The recent judgment of Municipal Workers' Retirement Fund v Mafube Local Municipality and Others highlights the severe consequences of failing to meet statutory obligations...
South AfricaEmployment and HR
Adams & Adams
Adams & Adams
  • Article

    Increase To BCEA Earnings Threshold

    On 8 February 2021 the Minister of Employment and Labour, Thembelani Waltermade Nxesi, published a Government Gazette
    South AfricaEmployment and HR
    Werksmans Attorneys
    Werksmans Attorneys
  • Article

    Pension Fund Distributions And The Duty To Support Parents

    The recognition of factual dependency plays a crucial role in pension fund law, particularly in the allocation of death benefits under Section 37C of the Pension Funds Act ("the PFA").
    South AfricaEmployment and HR
    Adams & Adams
    Adams & Adams
  • Article

    Pension Fund Boards and the Principal Officer

    Added duties have been placed on the board of a pension fund regarding the appointment and termination of the principal officer. The board is required to review the fitness and propriety of its principal officer annually.
    South AfricaMedia, Telecoms, IT, Entertainment
    Norton Rose Fulbright South Africa
    Norton Rose Fulbright South Africa
  • Article

    Interdict Denied: Municipalities Face A High Bar On Pension Withholding

    The Mpumalanga High Court has recently delivered a judgment on the critical considerations regarding withholding of pension benefits. While the judgment is not groundbreaking...
    South AfricaEmployment and HR
    Adams & Adams
    Adams & Adams
  • Article

    When Age Matters: Retirement Or An Automatically Unfair Dismissal?

    South African labour laws lack a specified retirement age, and terminating an employee based on age may violate Section 187(1)(f) of the Labour Relations Act (LRA)...
    South AfricaEmployment and HR
    Consolidated Employers Organisation
    Consolidated Employers Organisation
  • Article

    Arrear Employer Contributions | Key Development For Employers And Retirement Funds

    On 14 October 2021, the Pension Funds Adjudicator, the "Adjudicator," published a key communication dealing with the non-payment of contributions by participating employers in retirement funds.
    South AfricaFinance and Banking
    ENS
    ENS
  • Article

    Recent Changes – Government Pension Funds And Divorce Settlements

    Government employees who are members of the Government Employees Pension Fund (‘GEPF')...
    South AfricaGovernment, Public Sector
    SchoemanLaw Inc.
    SchoemanLaw Inc.
  • Article

    From Pension To Penalty: Employers Seeking Damages For Employee Misconduct

    The Basic Conditions of Employment Act (BCEA) regulates deductions against the benefits of the employee in accordance with provisions set out in Section 34 of the Act.
    South AfricaEmployment and HR
    Consolidated Employers Organisation
    Consolidated Employers Organisation
  • Video

    Retirement Funds: Key Developments (Video)

    Retirement Funds: Key Developments - Video and presentation slides.
    South AfricaEmployment and HR
    ENS
    ENS
  • Article

    Balancing Dependant Rights And Testamentary Wishes

    Section 37C of the Pension Funds Act (PFA) is crucial for ensuring the equitable distribution of pension benefits after a member's death.
    South AfricaFamily and Matrimonial
    Barnard Inc.
    Barnard Inc.
  • Article

    SCA Ruling Raises Concerns For Life Rights Buyers In Retirement Housing

    In a significant recent judgment, the Supreme Court of Appeal (SCA) has cast doubt on the protections afforded to individuals...
    South AfricaReal Estate and Construction
    Barnard Inc.
    Barnard Inc.
  • Article

    Retirement Fund Benefits Cannot Be Bequeathed

    South AfricaStrategy
    Webber Wentzel
    Webber Wentzel
  • Article

    Exchange Control – Emigration

    In his February 2020 Budget Speech, the South African Minister of Finance announced various proposed relaxations to the existing exchange control regime, including phasing out of the concept
    South AfricaFinance and Banking
    Bowmans
    Bowmans
  • Article

    Employers Now Subject To Dual Enforcement For Non-payment Of Benefit Fund Contributions

    The Minister of Employment and Labour (the Minister) has withdrawn a long-standing exemption that previously shielded employers from labour law enforcement regarding deadlines for payment of benefit fund contributions.
    South AfricaEmployment and HR
    Webber Wentzel
    Webber Wentzel
  • Article

    Payment Of Death Benefits In South African Pension Law

    Section 37C of the Pension Funds Act 24 of 1956 governs the payment of pension benefits upon the death of a member.
    South AfricaEmployment and HR
    Thipa Denenga
    Thipa Denenga
  • Article

    Potential Major Changes Affecting Occupational Retirement Plans

    The South Africa government has proposed that changes to the two-pot retirement system, which gives workers access to pension funds before retirement, be delayed by a year.
    South AfricaEmployment and HR
    WTW
    WTW
  • Article

    Unclaimed Benefits: Treasury Proposes Major Reform For Retirement Funds

    National Treasury has proposed a centralised framework for administering South Africa's estimated R88 billion in unclaimed financial assets, including retirement benefits. The discussion paper outlines a system where a central administrator would manage tracing, record-keeping and claims through a single public portal, with assets potentially transferred to the Corporation for Public Deposits.
    South AfricaEmployment and HR
    Cliffe Dekker Hofmeyr
    Cliffe Dekker Hofmeyr
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