Security Provident Fund says 61% of employers are non-compliant
This leaves the fund's roughly one million members vulnerable.
The Private Security Sector Provident Fund (PSSPF) has declared a national crisis, highlighting that over half of the employers in the security sector are not meeting their pension contribution obligations. As per the fund's July 2026 compliance data, around 61% of participating employers are deemed non-compliant. This leaves the fund's approximately one million members at risk of not receiving the pension contributions that have been deducted from their wages.
In response, Sipho Sidu, the fund's principal officer, has initiated over 3,000 criminal proceedings against non-compliant employers, while more than 2,000 employers have been identified by the Financial Sector Conduct Authority for failure to pay arrears. Sidu emphasized the severity of the situation, stating that "six out of every 10 employers in PSSPF are non-compliant.
That’s 61%, it is a national crisis." The fund is taking decisive action by recovering contributions through legal means and escalating the top 50 offenders to the commercial crimes unit. The PSSPF is committed to improving compliance among employers to ensure that members receive their rightful pension contributions.
Written by urgent.news from SABC News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
