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Millions lost from Private Security Sector Provident Fu...

FSCA upholds decision to remove board members and impose penalties on them in their personal capacity, saying the ruling has far-reaching implications. ....

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Security guard pension board paid themselves for 493 meetings in a year

The Financial Services Tribunal says nine "incompetent" members of the fund that oversees the retirement benefits of security guards paid themselves unjustified fees for pointless meetings. ....

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Pension fund adjudicator cracks down on companies fiddling with Covid concessions

The employer was found to have failed to pay contributions in terms of the rate as prescribed in the rules ....

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Private Security Sector Provident Fund seeks court order that compels security company to make outstanding payments

The provident fund resolved to take Mafoko to court to be able to obtain the accurate schedules and outstanding contributions that would enable the fund to reconcile contributions made by employers with respect to each of the employees and determine whether the contribution rate had been paid to the fund. ....

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Half a million security guards may go on strike soon, unions warn

Unions in the private security sector are preparing for a national strike next month which could see over 500 000 security guards down tools in the sector. ....

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