GPAA chief executive dismissed over procurement misconduct
Kedibone Madiehe was found guilty of breaching the PFMA, procurement rules, and her fiduciary duties following several forensic investigations.
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Why did one law firm get 90% of RAF Corporate Panel work?
An arrangement intended to cost R10m for 10 months ran for years, absorbed R26.6m in seven months, and included claims work outside its scope.
Absa takes over custody of GEPF’s R3.5 trillion
Absa is taking over custody of the GEPF’s R3.5 trillion portfolio – but what does a master custodian actually do, and what does the change mean for the Fund’s 1.7 million-plus members and beneficiaries?
Pension increases under scrutiny as GEPF assures MPs of strong finances
The Select Committee also raised concerns about PIC oversight, unlisted investments, and benefit administration.
Disciplinary process under way at GPAA amid governance concerns
Parliament reiterates concerns about financial management and governance highlighted in recent audit outcomes.
NPC report recommends reducing retirement funds’ offshore limit
The National Planning Commission recommends revising Regulation 28 to redirect at least 20% of retirement fund assets towards infrastructure and productive fixed assets.
Treasury official to run GPAA amid probe into procurement transactions
National Treasury has opened a forensic investigation into procurement deals after irregularities in contracts totalling more than R1.2bn were reported.
Retirement pot withdrawals could undermine long-term savings
Danie van Zyl of Sanlam Corporate Investments warns that allowing access to retirement components in retrenchment cases might jeopardise long-term savings and place added pressure on trustees.
GEPF receives R10.6bn in two-pot withdrawal applications
More than 361 000 members of the GEPF have accessed their savings under the two-pot system, averaging R27 500 per claim.
Two pots: how withdrawals from DB funds will differ
Actuarial calculations may affect the costs and time for defined-benefit fund withdrawals, depending on the rules of the fund and the complexity involved.
