Employer has onus to scrutinise umbrella fund
before investing employees pension savings
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.
Mkhize asks ConCourt for extension to amend
municipal act that prohibits municipal managers from holding
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.
PIC board gave Dan Matjila licence to target
whistle-blowers, axed executive Paul Magula says
reports that the inquiry into governance issues at the Public
Investment Corporation (PIC) has heard that the corporations board
allowed its former CEO, Dan Matjila, to run investigations into
leaked information that implicated him in order to target
Police arrest SAA pilot who was fired for flying
with fake licence for 20 years
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
Pension fund industry abuse in Financial Sector
Conduct Authoritys crosshairs
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
ANC wants sex pest employees to be prosecuted
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.
Many pension funds apply at last minute for
exemptions from new rules aimed at helping members retire with
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.
Uncertain future for Bosasa workers as opaque
liquidation process continues
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.
Public Servants Association applies to court to
get answers on PICs R5bn loan to Eskom
Mail reports that the beleaguered Public Investment Corp (PIC)
will have to explain the inner workings of its relationship with the
Government Employees Pension Fund (GEPF), the PICs major client,
specifically over the grant of a R5bn bridging loan from the PIC to
IRR survey paints grim picture of state of SA
News writes that SA minibus taxis are not safe, are often
overloaded and their drivers are not trustworthy. This was
the result of research undertaken by the Institute of Race Relations
(IRR), detailed in a 24-page report compiled by Gareth van Onselen,
head of politics and governance at the organisation.
Above-inflation Eskom tariff increases will have
negative impact on mining industry, Minerals Council warns
Weekly reports that Minerals Council SA chief economist Henk
Langenhoven warned on Thursday that the higher-than-inflation tariff
increases granted to state-owned Eskom by the National Energy
Regulator of SA (Nersa) will have a major impact on the mining
industrys cost structure.
Tshwane Metro staff abandon call centre as they
flee from bug influx
Citizen reports that the Tshwane metropolitan council says it is
'coping with incoming calls' after staff abandoned its call
centre two weeks ago because of an allegedly 'out-of-control'
DA is the only major political party with a
sexual harassment policy
Tribune reports that of the four major political parties, only
the Democratic Alliance (DA) has a sexual harassment policy.
KZN regional court presidents provisional
suspension confirmed amid bribery allegations
Tribune reports that KwaZulu-Natal (KZN) Regional Court
President Eric Nzimandes provisional suspension was confirmed
during a sitting of a National Council of Provinces (NCOP)
Amazon to bring jobs and hi-tech skills to SA as
it seeks staff for new Cape Town data centres
Times reports that Jeff Bezos's Amazon.com is on the hunt for
talent in SA as it prepares to open its first African data centres in
Senior eThekwini official being investigated for
tender rigging, fraud and corruption returns to work
Tribune reports that a senior eThekwini official who is being
investigated for tender rigging, fraud and corruption has returned to
Numsa rejects Eskom tariff hike, vows to take on
reports that the National Union of Metalworkers of SA (Numsa) said in
a statement on Sunday that it rejected the tariff increase that the
National Energy Regulator of SA (Nersa) has granted Eskom.
Fort Hare vice-chancellor under fire over alleged
affair with employee in his office
Press reports that the audit and risk committee (ARC) of the
University of Fort Hare has recommended the suspension of the
vice-chancellor (VC), professor Sakhela Buhlungu.
Three people arrested for selling fake JMPD jobs
reports that three people accused of trying to sell "fake"
jobs at the Johannesburg Metro Police Department (JMPD) have been
ANC calls for the public's input on its internal
sexual harassment policy
reports that the ANC has invited the public to make an input as the
party rushes to finalise its internal sexual harassment policy amid
sex scandals that have rocked the organisation.
Joburgs City Power fires another allegedly
reports that Johannesburg's City Power has dismissed another of its
employees for alleged misconduct related to work done with contractor
Double digit electricity price rise will
devastate gold sector, Sibanye-Stillwater warns
reports that Sibanye-Stillwater says a double-digit electricity price
increase undermines the viability of SAs gold industry. The
power regulator on Thursday approved an effective 13.8% hike in
tariffs by state-owned power utility Eskom.