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Fund declares crisis over unpaid pension contributions

Published

The Private Security Sector Provident Fund has declared a national crisis over unpaid pension contributions. The fund said 61% of participating employers did not comply with contribution rules as of July 2026.

The Private Security Sector Provident Fund has declared a national crisis over unpaid pension contributions. The fund said 61% of participating employers did not comply with contribution rules as of July 2026. It said it launched 3 025 criminal cases with the police.

The fund also said money deducted from members' salaries does not reach their accounts.

Key facts

Who
Private Security Sector Provident Fund (fund declaring crisis over employer non-compliance); Sipho Sidu (principal officer of the Private Security Sector Provident Fund); South African Police Service (recipient of criminal cases launched by the fund); Financial Sector Conduct Authority (authority that flagged employers for arrears)
What
The Private Security Sector Provident Fund has declared a national crisis, reporting that approximately 61% of participating employers are failing to pay pension contributions. The fund says it has launched over 3,000 criminal cases with police and more than 2,000 employers have been flagged for arrears by the Financial Sector Conduct Authority.
When
2026-07
Where
South Africa
Status
Reported

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