Shareholders should have the last say on
executive remuneration. They don’t,
because their power is limited.
But it won’t be for long.
Read full article...
Now You See Benefits, Now You Don't
Some frightening figures emerge
from National Treasury’s discussion
paper on retirement-fund reform.
South Africans’ poor savings pattern
will haunt millions of pensioners-to-be.
The industry is healthy, but the benefits aren’t. Take this
as a serious reality check. Read full article...
As the Public Investment
Commissioners move into the era
of corporatisation, chief executive
Brian Molefe adopts a confident
stance on reconciliation with the
unions. He’s also outspoken on the
corporation’s priorities, particularly
on whom it intends to serve.
The PIC became a megafund for reasons
that had to do with the dying days of
apartheid, yet its assets accumulate in the
same old way. This is counterproductive to
employment generation. A big chunk of the
assets should be liquidated.
At last it’s being addressed with
the urgency it deserves. A number of
structural matters need attention, too.
The big issue
A decision in the Supreme
Court of Appeal has
previously unknown in
South African law. It’s a major
advance for shareholder activism,
were it only to be used. Strangely, it still hasn’t.
BEE, SRI and the rest
Cut through the jargon that
pervades corporate South Africa.
Here’s a guide to what these terms
The holder of a retirement
annuity found the product
wasn’t all it was cracked up
to be. Then he read the small
print, but it was too late.
In the United States, defined-benefit plans
are in their death throes. South Africa can
consider itself fortunate. Or can it?
The Institute of
isn’t too popular
in at least one