Five million people owed R47 billion in unpaid funds
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- Опубликовано: 20 сен 2024
- There is nearly R50 billion of funds that belong to almost 5 million people in Southern Africa in unpaid pensions and this amount does not include UIF or other forms of unpaid insurance policies. This is according to civil society group Open Secrets, and the organisation says many pensioners and their families continue to suffer without the pension benefits owed to them, while fund administrators, asset managers, and other financial actors rake in fees and profit from the funds.
Michael Marchant is the Head of Investigations at Open Secrets, he joins us for more on this
For more news, visit sabcnews.com and also #SABCNews on all Social Media platforms.
It's so unfair that we are forced to be part of a provident fund.
We have no choice on how and where to invest our own hard earned monies.
The entire process just makes the fund wealthier.
I worked in shoe industry for many years these manufacturers it was a must to contribute so if I am able to receive some money I will really appreciate the admin staff will tell the employees that they have to leave some money behind
Is very sad indeed that information of beneficiaries was not properly captured.The sending of people from pillar to post should be adressed even though i dont have suggestion that need to be cracked.Thanx for the information will share.Wish SABC could break it into "small piecies"for all Radio stations as well🙏
It wasn't a requirement back in the day for businesses/public companies to keep shareholder data and/or records. Many companies/funds are sitting with money that is owed to people with no details..
Sukhina GEPF should pay back the monies they just cut to the widows without notifying the month end of September they mustn’t act like criminals these monies are taxed when you get your lumpsum and when you qualify for that widow/widower monthly benefit it’s also taxed now we are paid less because they say we haven’t been taxed how can they tax a person something like 3000 and these monies are committed now we are traumatised can someone tell GEPF to refund our monies back please cause I view this as a criminal acts thanks
I bet you most of those 5 million people abant abamnyama 🙇🏽♂️
😭😭😭So true
Yinyani le uyithethayo absntu bakuthi bade bayofa benga fumenanga ncedo
All that money is earning huge interest for someone that is not really the beneficiary. That’s why they make it impossible for people to claim.
Exactly 💯
True dat
Interest YES
I am very thankful to this guy to inform the public about this before 1994 there was thousands of industries really appreciate this information
There is a man who applied to receive his benefits but nothing has happened so far its been two years what do these people thing his is living on.
If they haven't made enough effort to find people that are owed funds. Is it claimed by the government after the due date?
No
I think I'm right sir, because when I'm deceased. A retainer fee would be needed to claim my money if I don't have a will drawn up. By a family member or someone with the exact same name and so forth...
How do we get to knw of we are owed
Make a plan to find the beneficiaries
share on how people can check if they are owed,whats the point of coming out in public with so much information and yet there is no proper steps one can take to follow up.
They could separate the different sectors. Put mining alone, metal alone, small businesses alone. Then they won't have to hey have to send people from pillar to post
My dad never got his provident fund for sure and he has since passed
Go claim . They must have his details. Now!
@@patshes1951 will certainly do
You must enquire
Black Child, Never Trust these Corporate companies.... Something is not adding up.
Why should black people not trust corporate companies?
I AM LIGHT. I AM LIGHT. .I AM LIGHT
TIME TO PAY UP THE MONEY AND THE INTREST OF THE ON THIS MONEY THAT HAVE INCREASE IN VALUE OVER TIME..IS OWED TO THE BLACK AFRICAN PEOPLE EVERYWHERE..TIME TO PAY UP NOW..
IQ same as your age
Is their any funds for private nursing companies
Kindly do assist us as there even retired nurses and teachers association trying hard to get these funds .
As these are retired proffessionals, they want to claim the Surplus funds as they have already been paid GEPF since there is a Circular stating that the previously disadvantaged who were not receiving annual increaments
This government of criminals won't give people there money it's really annoying
There were thousands of Mozambicans and Malawiens working on the mines in the 70's and 80's
They must really receive what is due to them. Many neighbouring sadec countries indeed worked in South African mines during that period.
I want my funds!!!
I AM LIGHT AND TRUTH AND LOVE AND PEACE AND LIFE
I AM THAT I AM HAS SPOKEN..
I AM LIGHT...I AM LIGHT...I AM LIGHT..
Are you now? LOL
Dear Sekina kindly do give me this Person;s contacts.
Please donate them billions to eskom, so they can stop hiking the cost of electricity
JUDGMENT DAY IS HERE NOW..
I AM THAT I AM HAS SPOKEN
must i send you some airtime so you can post the same commemts over and over?dom dwes
I AM LIGHT AND TRUTH AND LOVE AND PEACE AND 6
Lost me when he started to blame Jan van Riebeeck again. Would have been so much more powerful if he kept politics out of it.