
Former Robben Island CFO loses bid to unfreeze pension benefit
The ruling found sufficient prima facie evidence for withholding but did not determine whether Karabo Ramela committed fraud or caused the claimed losses.

The ruling found sufficient prima facie evidence for withholding but did not determine whether Karabo Ramela committed fraud or caused the claimed losses.

Nearly nine years after the claim was lodged, the fund still could not confirm whether the benefit had been allocated or paid.

Summonses and subpoenas may be used to address non-cooperation by funds and administrators, as the OPFA seeks to improve the efficiency of its investigations.

Rulings show weak controls can force retirement funds to repay benefits years later, with interest.

Lebogang Mogashoa takes office in December for a three-year term.