Disinvestment by foreigners accelerated the demise of the National
Party government. SA’s relegation to junk-bond status can spark
disinvestment by another name, instigating similar consequences
that the ANC government would be foolish to ignore.
Potential vulnerability of pension funds; Financial Services Board
hits back at Rosemary Hunter; Call for FSB to tighten confidentiality;
Pitiful pay for trustees; King IV drafts special focus for retirement
funds; PIC opens up on its investment in Independent News & Media.
No holds barred in punch up at the Financial Services Board.
Hard-hitting affidavits from the opposing parties set the stage for
complex litigation. Much more at stake than employer-employee
dispute. Revelations going to heart of the regulator’s competence
and credibility are vigorously countered.
African Rainbow Capital gets out of the ground. Big advance in
black economic empowerment. More likely to complement than
compete with Sanlam.
The retirement funds of trade unions have several unique features. One
is their reluctance to join umbrellas. Reason is their desire to retain
CLASS ACTIONS 1
Solidarity trade union wants GEPF members to join it in fight for
improved withdrawal benefits.
CLASS ACTIONS 2
First judgment in the R200bn litigation by pensioners against
Transnet funds. Successes for both sides in early skirmish.
RIGHT OF REPLY
Tony Mostert defends 13-year curatorship of the Saccawu
national provident fund. Partially succeeds in complaint to Press
Ombud about TT article.
Open letter to Pravin Gordhan about SARS and the FSB. The
integrity of both cannot be compromised, or be seen to be
The integrity of the tax system means that all taxpayers be
treated equally before the law. In the case of Nkandla, will we
Public-sector bodies are squandering unquantified amounts on
indefensible court actions. The more that’s spent in this way, the less
is left for other fiscus priorities such a tax incentives for retirement
CalPERS head imprisoned for corruption.