SOUTH AFRICA - For the first time in South Africa's history, total pension fund assets have hit the R1trn (US$162.7bn) mark, according to the latest annual report released by the Financial Services Board.
The 46th annual report for 2004 shows that total assets increased on the year previous from R909bn to R1,098bn due, in part, to a 22.1% increase in employer contributions and an increase of 13.9% i...
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