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The pile of unpaid benefits is a national crisis that needs multilateral action

Co-ordinated effort backed up by new law is the starting point to pay out billions of rand owed to the public Business Day reported recently that in 2016 pension and provident funds registered in terms the Pension Funds Act (PFA) were holding unclaimed benefits — or, more properly, unpaid benefits given that some beneficiaries have tried unsuccessfully to claim theirs — with an aggregate value of about R41.7bn. This figure had risen by almost R8bn from the R34bn reported by the registrar the…

SA’s twisted history of pension fund plunder

Two recent cases should be cause for worry. South Africa has a grimy history of companies raiding their pension funds, and the fear is that two recent court cases, which found in favour of the pension fund trustees, will do little to curb the practice. The first case, involving two pensioners against the Tongaat Hulett Pension Fund, wound its way through the lower courts to the Supreme Court of Appeal (SCA), only to be defeated on what the vanquished pensioners regard as a poor understanding…

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About Trace Guru

About Trace Guru

TraceGuru are specialists in tracing missing persons

Confidential - Reliable - Affordable Our skilled and dedicated Global Network of…

TraceGenie Tracing Network ~

Confidential - Reliable - Affordable Our skilled and dedicated Global Network of Tracing Agents, supported by our Trace Management System allows access to Clients to track the progress of any instruction on-line, in real time.

TraceGenie Blog: 4 000 EC ex-miners finally strike gold: Dispatch locates beneficiaries of unclaimed benefits

4 000 EC ex-miners finally strike gold: Dispatch locates beneficiaries of unclaimed benefits

Four thousand Eastern Cape ex-miners or their families today stand a chance to claim their share of R40-billion worth of benefits that was left unclaimed for decades. All 4000 names are published in this edition on pages 13 to 21. This could provide a significant financial boost to their struggling families and the province. Thousands of ex-miners recruited through TEBA many years ago, have struggled to access their retirement funds because of bureaucracy and hurdles within the system. TEBA…

MJ'S Blog

Thinus Smith

TraceGenie Blog: Workers owed billions in unclaimed benefits

Workers owed billions in unclaimed benefits

Cape Town - Workers across Southern Africa are owed billions in unclaimed benefits but it’s proving to be difficult to trace them. So says the Financial Services Board (FSB), which released figures this week that pension fund administrators have R42 billion in unclaimed pension and provident fund benefits. The funds are owed to 3.5 million beneficiaries who don’t know they have the cash in various interest-bearing accounts. About 2.8 million of them are in South Africa and the rest are in…

Trace Genie | Who's Who SA

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TraceGenie - Google+

TraceGenie - Google+

TraceGenie Blog

Amplats helps miners dig a way out of debt

TraceGenie Blog

The pile of unpaid benefits is a national crisis that needs multilateral action

Co-ordinated effort backed up by new law is the starting point to pay out billions of rand owed to the public Business Day reported recently that in 2016 pension and provident funds registered in terms the Pension Funds Act (PFA) were holding unclaimed benefits — or, more properly, unpaid benefits given that some beneficiaries have tried unsuccessfully to claim theirs — with an aggregate value of about R41.7bn. This figure had risen by almost R8bn from the R34bn reported by the registrar the…

Notes from the House: SA’s economic woes bring new urgency to debt relief reforms

In the face of expanding personal debt that has been crippling South Africa’s consumer landscape for years, efforts now under way to introduce amendments to the National Credit Act to provide for debt relief and forgiveness are hugely welcome, albeit somewhat overdue. By MOIRA LEVY. First published by Notes from the House Parliament’s Committee on Trade and Industry is pushing to speed up the process of drawing up amendments that would set criteria for eligibility for debt relief…

TraceGenie - Home

One system to manage all your trace instructions

TraceGenie Beneficiary Tracing Services

Tracing Agents - We trace beneficiaries locally as well as internationally. TraceGenie utilize state-of-the-art search tools and a combination of databases with the experience of our dedicated and experienced telephone/field tracing network and the innovative TraceGenie Management System to confirm the location of the beneficiary. This service is a trace and verification procedure, and the established details of the beneficiary are available in real time as soon as they are verified and…

TraceGenie Blog: Bank looking for beneficiaries of R160m unclaimed policies

Bank looking for beneficiaries of R160m unclaimed policies

FNB Life has identified over R160m worth of unclaimed policies on its books, it said in a statement on Tuesday. The bank has, therefore, started an initiative to proactively identify customers who have not submitted claims in the past. It wants to track down nominated beneficiaries, family members or the next of kin. The bank will do this by proactively accessing and analysing data from the Department of Home affairs to identify potential beneficiaries and pay out what is due to them. To…

EyeDentity

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EyeDentity gives you easy to use tools to quickly create your own web pages for free, no coding skills required.

TraceGenie Tracing Network

Great deals on tracing services

Elusive People Finder Tracing Services - TraceGenie Network

TraceGenie

TraceGenie Beneficiary Tracing Services

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TraceGenie Blog:  Irate mine workers take PMC to court

Irate mine workers take PMC to court

More than 3 000 former mine workers have launched a class action against a liquidator they accuse of being secretive about the R421.9m surplus accrued from their pension fund. The former workers of Palabora Mining Company (PMC) in Phalaborwa, Limpopo, have been fighting for at least 12 years to get their money after PMC’s pension fund was liquidated in 2005. The gist of the copper mine workers’ claim is that the fund’s liquidator, Garth Barnard, who was appointed by the Registrar of Pension…

TRACE TYPES

TraceGenie Blog: New Years Message to all TraceGenie staff

New Years Message to all TraceGenie staff

Dear Danette, Deon and Sanette As we are all set to begin another year, I, want to thank you all for your hard work for our growth and I wish that the New Year becomes a year of better performances with your dedication and efforts… Your hard work is the reason behind our success and we dedicate our growth to you three and our valuable network of tracing agents. We will look forward to more success stories to write and new accomplishments to make…. Warm wishes to you all May you all be…

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TraceGenie Blog: ASISA lands R5.6 billion to rightful hands

ASISA lands R5.6 billion to rightful hands

CAPE TOWN - The Association for Saving and Investment South Africa has, this week, released an update showing R5.6 billion given to traced claimants and beneficiaries. The statement by the association says more than 37 000 policyholders, investors, and beneficiaries were traced and united with their financial belongings worth of R5.6 billion in 6 months, period starting 1 July 2016 to 31 December 2016. At the end of December last year, there were 130 740 cases of unclaimed assets in…

Finance Minister Gigaba: Former Venda Pension Fund victims will be resolved

CAPE TOWN- The payment of pensions to beneficiaries of the former Venda Pension Fund will be resolved by the end of November 2017, says the Ministry of Finance. “The Minister of Finance, Malusi Gigaba, intends to resolve the payment of pensions to beneficiaries of the former Venda Pension Fund by the end of November,” said the ministry of the monies that are owed by the then government of Venda in Limpopo. According to a statement, Gigaba said the matter has long been outstanding and needs…

Other Pins

About Trace Guru

About Trace Guru

TraceGuru are specialists in tracing missing persons

Confidential - Reliable - Affordable Our skilled and dedicated Global Network of…

TraceGenie Tracing Network ~

Confidential - Reliable - Affordable Our skilled and dedicated Global Network of Tracing Agents, supported by our Trace Management System allows access to Clients to track the progress of any instruction on-line, in real time.

TraceGenie Blog: 4 000 EC ex-miners finally strike gold: Dispatch locates beneficiaries of unclaimed benefits

4 000 EC ex-miners finally strike gold: Dispatch locates beneficiaries of unclaimed benefits

Four thousand Eastern Cape ex-miners or their families today stand a chance to claim their share of R40-billion worth of benefits that was left unclaimed for decades. All 4000 names are published in this edition on pages 13 to 21. This could provide a significant financial boost to their struggling families and the province. Thousands of ex-miners recruited through TEBA many years ago, have struggled to access their retirement funds because of bureaucracy and hurdles within the system. TEBA…

MJ'S Blog

Thinus Smith

TraceGenie Blog: Workers owed billions in unclaimed benefits

Workers owed billions in unclaimed benefits

Cape Town - Workers across Southern Africa are owed billions in unclaimed benefits but it’s proving to be difficult to trace them. So says the Financial Services Board (FSB), which released figures this week that pension fund administrators have R42 billion in unclaimed pension and provident fund benefits. The funds are owed to 3.5 million beneficiaries who don’t know they have the cash in various interest-bearing accounts. About 2.8 million of them are in South Africa and the rest are in…

Trace Genie | Who's Who SA

Trace Genie

TraceGenie - Google+

TraceGenie - Google+

TraceGenie Blog

Amplats helps miners dig a way out of debt

TraceGenie Blog

The pile of unpaid benefits is a national crisis that needs multilateral action

Co-ordinated effort backed up by new law is the starting point to pay out billions of rand owed to the public Business Day reported recently that in 2016 pension and provident funds registered in terms the Pension Funds Act (PFA) were holding unclaimed benefits — or, more properly, unpaid benefits given that some beneficiaries have tried unsuccessfully to claim theirs — with an aggregate value of about R41.7bn. This figure had risen by almost R8bn from the R34bn reported by the registrar the…

Notes from the House: SA’s economic woes bring new urgency to debt relief reforms

In the face of expanding personal debt that has been crippling South Africa’s consumer landscape for years, efforts now under way to introduce amendments to the National Credit Act to provide for debt relief and forgiveness are hugely welcome, albeit somewhat overdue. By MOIRA LEVY. First published by Notes from the House Parliament’s Committee on Trade and Industry is pushing to speed up the process of drawing up amendments that would set criteria for eligibility for debt relief…

TraceGenie - Home

One system to manage all your trace instructions

TraceGenie Beneficiary Tracing Services

Tracing Agents - We trace beneficiaries locally as well as internationally. TraceGenie utilize state-of-the-art search tools and a combination of databases with the experience of our dedicated and experienced telephone/field tracing network and the innovative TraceGenie Management System to confirm the location of the beneficiary. This service is a trace and verification procedure, and the established details of the beneficiary are available in real time as soon as they are verified and…

TraceGenie Blog: Bank looking for beneficiaries of R160m unclaimed policies

Bank looking for beneficiaries of R160m unclaimed policies

FNB Life has identified over R160m worth of unclaimed policies on its books, it said in a statement on Tuesday. The bank has, therefore, started an initiative to proactively identify customers who have not submitted claims in the past. It wants to track down nominated beneficiaries, family members or the next of kin. The bank will do this by proactively accessing and analysing data from the Department of Home affairs to identify potential beneficiaries and pay out what is due to them. To…

EyeDentity

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EyeDentity gives you easy to use tools to quickly create your own web pages for free, no coding skills required.

TraceGenie Tracing Network

Great deals on tracing services

Elusive People Finder Tracing Services - TraceGenie Network

TraceGenie

TraceGenie Beneficiary Tracing Services

TraceGenie