According to a report released by the Financial Sector Conduct Authority (FSCA) in 2022, South African Pension Fund Schemes at the time were sitting with 2-million-436-thousand US dollars (47-billion rand) in unclaimed pensions - owed to approximately five million members. This is despite the Office of the Pension Funds Adjudicator being inundated by a number of complaints about unnecessary delays in the payment of death benefits. The recent case the Pension Funds Adjudicator had to deal with was that of a woman who had a Provident fund refuse payout due to lack of proof of death.
For more on this Thami Ngubeni spoke to Pension Funds Adjudicator, Muvhango Lukhaimane.