Opportunities for the new Financial Sector Conduct
Authority to differentiate itself from the old Financial Services
Board. They’re opportunities to be seized, not lost.
Trustees, be warned. A landmark court case is at last coming
to trial. The outcome could have serious implications for the
exercise of fiduciary duties.
The huge Eskom Pension & Provident Fund has been a
model for the industry. No longer. After the shenanigans
with Brian Molefe, whose application for leave to appeal
against a High Court judgment has been rejected, the
reputation of the EPPF will need to be rebuilt.
At age 62, the existing Pension Funds Act is ripe for
retirement; Millions in damages sought from the Registrar;
Welcome to Black Business Growth Funding; Jan Mahlangu
emerges as Mr Clean; Fired official of Numsa resurfaces at
Cosatu; Step forwards for Transnet pensioners; Draft directive
pushes ESG; Ongoing problems over benefits for many
thousands of workers in the security industry.
COVER STORY 1
Where the FSB has failed at Mvunonala and VBS mutual
bank. The debacle of Fidentia was supposed not to have been
COVER STORY 2
To its credit, Liberty has obtained a court order to reverse the
cancellations of numerous ‘dormant’ funds. Whichever way
the Constitutional Court decides in the litigation between the
Registrar and former Deputy Registrar, did Rosemary Hunter
have a point after all?
COVER STORY 3
The directive from the Registrar, ostensibly to counteract
suspected corruption in the retirement-fund industry, will
have unintended consequences that are negative.
Through pension funds, workers can play a vital role in
pushing corporate reforms. It’s a role that they must play.
Dennis George, head of Fedusa, is a firm believer in
industrial democracy. He’s equally determined to push
along with initiatives that will stimulate job creation.
There’s a case study in Tiger Brands’ poor handling of
the listeriosis crisis. It goes back to proper disclosure, or
rather the lack of it.
Renewables come back into the fore, and not a moment
too soon. They’re good for the country and attractive for
A Nobel prize-winner endorses Clarity. He suggests that
it’s a game-changer.
It’s a ‘force multiplier’ to help the performance of assets
A prominent academic is far from happy. His dissident views
are up for debate.
Meddling with s25 of the Constitution is downright dangerous. It
can go further than land grabs.
Crime levels in a quiet