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South African employers have failed to pay 5.2 billion rand ($288 million) in pension contributions, raising concerns about potential poverty for retirees and instability in the retirement system. Currently, 7,770 employers, including nearly 150 local governments, are in arrears, with local governments alone accounting for about 1.4 billion rand.
Financial Sector Conduct Authority
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uth africa faces pension crisis with 288 million dollars in arrears
20:48 19.11.2024
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