Benefits due to beneficiaries of mineworkers who worked as long ago as the 1970s are still being paid out.
The umbrella fund arrangement is more commercial than is the case with standalone funds, where the employer has traditionally played a paternal role.
A provident fund is providing benefits for its members in more ways than one.
A man purporting to work for the FSB is conning people into believing retirement fund benefits are due to them.
A range of unit trust funds has been investing in derivatives for long enough to provide a picture of the risks and returns of hedging.
They are notoriously enigmatic and risky, but derivatives bring a contrary dimension to the financial markets that investors cannot ignore.
Absa will pay a R10-million fine and give partial relief to an undisclosed number of customers who were scammed in the “Satinsky scheme”.
When the Satinsky Group’s “Drive-a-new-car-for-R699-a-month” scheme imploded in July 2014, it emerged that Wesbank was the ...