Thought Leadership
Business Report writes that the Absa group has refuted reports that the restructuring in its SA retail and business banking unit will lead to job losses in the future. Source: Latest News
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Coal miners lose “hundreds of millions of rands” due to Mpumalanga community protests
Miningmx reports that community protests in Mpumalanga could have cost SA’s thermal coal miners, including Anglo American, Glencore and South32, up to hundreds of millions of rands per month in revenue. Source: Latest News
Employer has onus to scrutinise umbrella fund before investing employees’ pension savings
BusinessLive reports that if an employer chooses to provide retirement benefits for its employees through an umbrella fund it should have certain statutory duties, a leading pension lawyer has suggested. Source: Latest News
Mkhize asks ConCourt for extension to amend municipal act that prohibits municipal managers from holding political office
BusinessLive reports that co-operative governance and traditional affairs minister Zweli Mkhize has approached the Constitutional Court (ConCourt) to ask for a 12-month extension in which to enact an amendment to legislation dealing with municipalities. Source: Latest News
PIC board gave Dan Matjila licence to target whistle-blowers, axed executive Paul Magula says
BusinessLive reports that the inquiry into governance issues at the Public Investment Corporation (PIC) has heard that the corporation’s board allowed its former CEO, Dan Matjila, to run investigations into leaked information that implicated him in order to target whistle-blowers. Source: Latest News
Police arrest SAA pilot who was fired for flying with fake licence for 20 years
News24 reports on the arrest of a senior SA Airways (SAA) pilot, who had been asked to resign earlier this year after it was found that he had flown commercial airplanes for more than 20 years with a fake licence. Source: Latest News
Pension fund industry abuse in Financial Sector Conduct Authority’s crosshairs
Business Times reports that armed with a new mandate to be more “proactive, pre-emptive and intrusive”, the Financial Sector Conduct Authority (FSCA) is going to clamp down on corruption in the pension fund industry that is denying employees a dignified retirement. Source: Latest News
ANC wants sex pest employees to be prosecuted
Independent News reports that the ANC has indicated that it would push for immediate criminal prosecution of employees who were implicated in allegations of rape and sexual assault. Source: Latest News
Many pension funds apply at last minute for exemptions from new rules aimed at helping members retire with sufficient funds
Business Times reports that amendments to the Pension Funds Act have just come into force, aimed at helping investors ensure they retire with enough money, but many funds have failed to meet the deadline to enact the changes. Source: Latest News
Uncertain future for Bosasa workers as opaque liquidation process continues
The Sunday Independent reports that the future is uncertain for Bosasa workers as the embattled company weighs its liquidation options after allegations of bribery and tender corruption surfaced at the Commission of Inquiry into State Capture. Source: Latest News