Today’s Trustee June 25- August 25

South Africa is no stranger to state-owned enterprises hitting the wall. Eskom’s load-shedding, Transnet’s rail and port chaos, and SAA’s serial bailouts have cost the fiscus dearly – driving the economy to the brink, starving essential services and fuelling public despair.

It is almost as if the investment market, which underpins your pension, has strolled into a nightmare, and nobody in any fiduciary position seems to know how to wake up.

It’s no longer just inept municipal councillors in the firing line for deducting pension contributions from staff salaries and failing to pay them over to the fund; now, company directors are in the dock too.