government employees pension fundlatest news & developments
The Government Employees Pension Fund said on Tuesday that it had temporarily suspended the submission of withdrawal applications from the two-pot retirement system for its members from 7 October to 21 October to allow for a system update.

Two-pot withdrawal system temporarily suspended for Government Employees Pension Fund

The fund said its system was undergoing an update and would be offline until 21 October

  • Aarti Bhana
1 min read
At stake: Tongaat Hulett employs 40  000 people on its farms in KwaZulu-Natal (above) and Mpumalanga and 65 000 more in Botswana, Mozambique and Zimbabwe. (Delwyn Verasamy/M&G)

Robert Gumede’s Tongaat Hulett purchase hinges on R2bn PIC loan

The agreement will give Terris Sugar discounted ownership of Tongaat Hulett’s R8 billion bank debt and control at the upcoming creditors’ vote

  • Eyaaz
5 min read
The African Development Bank (AfDB) says South Africa’s well-developed financial sector has the potential to be the continent’s powerhouse.

The Fiscal Cliff | Is South Africa nearing a debt crisis?

The real issue is that the February 2023 budget was the least credible assessment of the country’s finances since 1994

  • Umamah Bakharia
8 min read