SOUTH AFRICA - The Financial Services Board (FSB) has appointed its first black, female pension fund adjudicator.
SOUTH AFRICA - The state pension fund manager rejected a R25bn (US$3.5bn) bid by Bain Capital for the retailer Edgars Consolidated Stores Ltd, in which it controls 3%.
SOUTH AFRICA - The government and Transnet have been told they could face a R8bn (US$1.1bn) legal battle over 75 million shares held in the shipping company's ailing pension scheme.
EGYPT - Robeco said it will enter the Egyptian market through a convertible loan arrangement with local firm Obelisk, which can be exchanged for a 49% stake in the company's equity.
KENYA - Kenya is looking to the Sh210bn (US$3bn) pensions industry to fund the country's infrastructure and domestic needs in partnership with the International Finance Corporation (IFC) and World Bank.
SOUTH AFRICA - A senior executive of Alexander Forbes, the service provider which recently escaped corruption charges, has been criticised for advice given to two South African municipal pension funds whilst working as an actuary for NBC Employee Benefits....
SOUTH AFRICA - The establishment of a mandatory state pension fund in South Africa is unlikely to translate into new business for asset managers.
SOUTH AFRICA - The South African parliament has called for tougher action on pension fund administrators who have swindled trustees out of an estimated R500m (US$67.5m).
NIGERIA - The country's three largest pension institutions now manage assets worth over N1trn (US$7.76bn).
SOUTH AFRICA - Finance minister Trevor Manuel has urged South African trade unions and employers to get involved in discussions on the proposed compulsory social security pension scheme and retirement fund reforms.
UGANDA - David Chandi Jamwa, formerly MD of D Craven Consulting, has been appointed MD of the National Social Security Fund (NSSF).
UGANDA - The Ugandan government has commited to pay out at least USh100bn (US$56m) of the accumulated pension arrears every year, starting from 2007.
BENIN - Pension reform is needed before the rising state pension fund deficit puts a strain on the country's macroeconomic stability, an IMF staff report has claimed.
NIGERIA - The government for the Nigerian state of Osun settled all outstanding pensions for civil servants and paid out a total of NGN2.5bn (US$19.5m) over 2006.
NIGERIA - The NGN63bn (US$491m) accrued within the national contributory pension scheme has raised hopes that SMEs could have access to long term funding.
UGANDA - General outlays will drive future liabilities of the Ugandan Public Service Pensions Fund (PSPF) beyond sustainability if the fund is not rebalanced.
SOUTH AFRICA - Sanlam Investment Management (SIM) has stated the Public Investment Corporation's (PIC) withdrawal of ZAR22bn (US$3.1bn) in assets from the fund manager would not have a material impact on its operating results and claimed it would claw...
SOUTH AFRICA - A consortium involving the Ontario Teachers' Pension Plan (OTPP) has had a purchase offer of ZAR6bn (US$850m) accepted by South African glass manufacturer Consol.
JORDAN - A pension reform linking benefits to lifetime contributions and ensuring pensions are indexed to inflation should be a priority, the International Monetary Fund (IMF) said in a staff report.
SOUTH AFRICA - State-owned pension manager Public Investment Corporation (PIC) has announced plans to withdraw one quarter of its assets - valued at ZAR146bn (US$20.5bn) - from five fund managers to invest in-house.
SOUTH AFRICA - More than half of 15-year olds won't live to the claim their pensions due to the rampant HIV/AIDS epidemic in South Africa, a report has found.
SOUTH AFRICA - Old Mutual's funds under management increased by 1.8% to reach ZAR222bn (US$31.1bn) by end September 2006, as the financial services group's profits were hampered by a weak rand and US dollar.
ANGOLA - The Angolan government has announced it will pay US$50m into the national pension fund for war veterans over the next two years.
SOUTH AFRICA/UK - Alexander Forbes shrugged off the recent bulking scandal to grow its global assets under management to ZAR135bn (US$18.7bn) for the six months ended 30 September, well above the ZAR107bn reported in the same period last year.