702 Live quotes Johannesburg lawyer, Rosemary Hunter, in an article on South Africa’s deregistered pension fund.
Rosemary Hunter, a partner at Bell Dewar, says the number is actually higher, as the FSB report deals only with with funds under its jurisdiction - the government employees pension fund is not included.
Hunter was the first person to blow the whistle, after she'd been appointed as FSB deputy registrar in 2013.
If you add up the other funds, it's about R51bn now and it's growing.
— Rosemary Hunter, Partner at Bell Dewar (Fasken)
It's a long, long story. It's not all because of these cancelled pension funds, these deregistered pension funds, but that certainly exacerbated the problem.
— Rosemary Hunter, Partner at Bell Dewar (Fasken)
