First Take SA

Security companies default on pension contributions


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Over 2000 security firms in South Africa are defaulting on pension contributions. This was revealed by the Financial Sector Conduct Authority. Security guards are up in arms, claiming that their employers failed to make pension contributions on their behalf to the Private Security Sector Provident Fund (PSSPF) in the previous year, leaving them without adequate retirement provisions. Elvis Presslin spoke to Dumisa Hlatshwayo, Principal Executive Officer at the Private Security Sector Provident Fund

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