More heat on employers not paying over workers’ pension deductions
Smart About Money | 10.09.2026 17:42
Financial regulators, together with the retirement industry, are closing in on employers that deduct pension contributions from their employees’ salaries but fail to hand over the money to the employees’ retirement funds. The problem is a massive one in South Africa – about 6 000 employers owe about R8.3 billion to funds, affecting about 590 000 members – and efforts to address it until now have had little meaningful impact.
