Pension funds must comply with PFA information requests, says Muvhango Lukhaimane
The Pension Funds Adjudicator, Muvhango Lukhaimane, asserts that pension funds must provide requested information without beneficiary consent, clarifying the PFA's authority under the Protection of Personal Information Act.
Point of view: essential crypto tips for South African consumers
Discover essential insights into cryptocurrency for South African consumers, including how to spot scams and safeguard your investments.
South Africans increasingly access retirement savings amid financial strain
South Africans are increasingly withdrawing from their retirement savings pots under the new two-pot system, with many making repeat withdrawals in a short span.
How millennial mothers are redefining financial management
Explore how millennial mothers are transforming their financial strategies amidst rising living costs, utilising fintech tools to ensure their families thrive.
Sanlam's campaign aims to break the silence on money conversations
Sanlam's Dirtiest Word campaign encourages South Africans to openly discuss personal finance, aiming to break the stigma surrounding money conversations and promote financial literacy.
How to spot rising impersonation investment scams in South Africa
Impersonation investment scams are on the rise in South Africa, with fraudsters exploiting digital anonymity to deceive unsuspecting victims. Learn how to identify these scams and protect your financial security.
Understanding the legacy policy exemption in South African retirement annuities
Members of pension funds should be aware that legacy policies are exempt from the new two-component benefit system, as clarified by the pension funds adjudicator, Muvhango Lukhaimane.
Point of view: how to spot and combat fraud
Explore the alarming rise of SAPS impersonation scams in South Africa, as we delve into the tactics used by fraudsters and the psychological toll on victims.
Point of view: how South Africans are navigating financial challenges according to the SpendTrend25
Discover how South Africans are adapting to financial pressures in the latest SpendTrend25 report, revealing insights into spending habits, digital payment trends, and the impact of economic challenges on consumer behaviour.
African Bank Limited faces R700,000 penalty for misleading advertising
Discover how the FSCA imposed a R700,000 penalty on African Bank Limited for misleading advertising practices that could affect consumer trust in financial institutions.
Point of view: Minister Kubayi addresses crisis in South Africa's Master's Offices
Minister Mmamoloko Kubayi confronts the crisis in South Africa's Master's Offices, revealing alarming dysfunction but also a commitment to reform that could restore public trust.
Master’s Offices face operational paralysis amid leadership crisis
Operations at six Master’s Offices in South Africa have come to a standstill due to unfilled leadership positions, raising concerns about service delivery for vulnerable individuals.
Pension Funds Adjudicator rules against sperm donor’s children in death benefit case
The Pension Funds Adjudicator has ruled that children conceived through artificial insemination with a sperm donor are not entitled to death benefits, highlighting the legal complexities surrounding parental rights.
Point of view: the R60 billion class action against banks
Discover the shocking reality of South African homeowners facing repossession as banks auction their homes for as little as R100. This article explores the R60 billion class action lawsuit challenging unethical banking practices and the fight for justice.
Quick reads for this week
PF highlights the quick reads for this week.
Credit card usage in South Africa surges by 43%: what it means for consumers
Standard Bank reports a 43% increase in credit card uptake among South Africans, highlighting a shift in consumer behaviour towards using credit cards for everyday essentials.
South Africa's life insurance industry shows resilience with record payouts in 2024
South Africa's life insurance industry closed 2024 with a robust financial position, achieving record payouts of R639 billion in claims and benefits. This article explores the industry's resilience, growth in policies, and the critical role it plays in supporting the economy.
Point of view: how to protect yourself from investment scams
Discover the alarming story of Jacques Adriaan Jordaan, an unauthorised financial advisor who deceived many with false promises of high returns. Learn how to protect yourself from similar scams and ensure your investments are safe.
Quick reads for this week
PF highlights the quick reads for this week.
Metropolitan International Holdings faces lawsuit over alleged fraudulent share transaction in Kenya
Metropolitan International Holdings is facing a significant legal challenge in Kenya, accused of fraudulently transferring shares in Cannon Assurance Ltd.
Fast-track your journey to homeownership with these financial tips
Discover practical financial strategies to make homeownership attainable in South Africa. From leveraging government grants to comparing home loan rates, learn how to navigate the property market effectively.
How to turn sin taxes into savings for a wealthier future
Discover how the rise in sin taxes in South Africa can be an opportunity for financial growth. Learn practical tips to redirect your spending into savings and achieve a healthier lifestyle.
Point of view: what to know about the Two-Pot retirement system when you resign
Explore the implications of the Two-Pot Retirement System in South Africa and learn what happens to your retirement savings when you resign. Discover the options available to you and how to make the most of your retirement funds.
Sars revises revenue estimate to R1. 846 Trillion for 2024/25 fiscal year
Sars has revised its revenue estimate for the 2024/25 fiscal year to R1. 846 trillion, reflecting a slight increase from last year. Despite economic challenges, the agency remains optimistic about tax collection goals.
Quick reads for this week
PF highlights the quick reads for this week.