South Africa Financial Sector Conduct Authority publishes list naming 5,830 employers in arrears with retirement fund contributions

The South Africa Financial Sector Conduct Authority published FSCA Communication 18 of 2025 (RF) naming employers with arrear retirement fund contributions in breach of section 13A of the Pension Funds Act, 1956. The communication lists 5,830 employers reported in contravention, with 5,821 employers published based on the severity and duration of their arrears. As at 31 March 2025, the FSCA had received reports of 15,521 employers in contravention. The published employers include 5,671 with outstanding contributions above ZAR 50,000 overdue for at least five months, 80 with outstanding contributions above ZAR 50,000 where the last contribution date was not provided, 79 owing less than ZAR 50,000 in contributions but with late payment interest (LPI) above ZAR 50,000 overdue for at least five months, and 17 with only LPI outstanding. The FSCA reported a 50% increase in non-compliant employers since the 31 December 2023 publication, largely attributed to adding the Auto Workers Provident Fund and the Motor Industry Provident Fund, which together account for 3,353 (57.5%) of the 5,821 published employers; total arrears are estimated at ZAR 7.23 billion, including ZAR 2.98 billion in LPI. The release also notes a Private Security Sector Provident Fund data-cleansing process and that 428 of 531 employers in an erratum (Annexure C) were identified as deregistered on the Companies and Intellectual Property Commission registry, alongside recovery actions with National Treasury using withholding of equitable share allocations to compel municipal third-party payments.