In S.A, President Ramaphosa Authorizes Probe into Insurance Claims Over 2021 Civil Unrest

In S.A, President Ramaphosa Authorizes Probe into Insurance Claims Over 2021 Civil Unrest

In South AFrica, President Cyril Ramaphosa has authorised the Special Investigating Unit to probe the South African Special Risks Insurance Association over claims and payouts relating to 2021’s civil unrest in Gauteng and KwaZulu-Natal. At the time the claims amounted to just over 28.5-billion-rand. The SIU’s spokesperson, Kaizer Kganyago, says the investigation will seek to establish whether the claims made were in line with applicable legislation or practices of the […]

November 12, 2024 11

South Africa

Swiss national receives R500 Million from SA’s Road Accident Fund

South Africa's Road Accident Fund has raised concerns about foreign nationals benefiting from its social schemes. CEO Collins Letsoalo informed Parliament’s standing committee that the fund’s largest payout, over 500 million rand, went to a Swiss national. Letsoalo said that some claimants should not be allowed to benefit from the system.

October 17, 2024 43

Opinion Pieces

Stakeholder contribution towards pension fund operational efficiency

Pension funds are essential for the responsible management and safeguarding of members' retirement savings, providing peace of mind through robust communication and awareness efforts. These savings offer financial security, independence, and stability upon retirement, disability, ill-health, and death, while also serving as a cushion in cases such as retrenchment. For pension funds to operate efficiently, contributions must be managed responsibly within regulatory and legislative frameworks, with a focus […]

September 17, 2024 8