Labour unions in South Africa are sounding the alarm as nearly R8 billion in pension contributions remain unpaid by employers, jeopardising the financial security of countless workers. The Public Servants Association (PSA) calls for urgent government action to address this growing crisis

Labour unions in South Africa are sounding the alarm as nearly R8 billion in pension contributions remain unpaid by employers, jeopardising the financial security of countless…

Labour unions have raised concerns over billions in unpaid pension contributions, warning workers could face financial hardship in retirement.

The Financial Sector Conduct Authority (FSCA) has disclosed that over 6,000 employers are in default of pension fund contributions, accumulating arrears of R8.33 billion. This…