Kaya 959 Kaya Biz

WEALTH CREATION - South Africans have yet to claim R33.5 billion in unpaid life policy and investment proceeds.

Loading player...
Life insurers and unit trust companies are holding some R33.5 billion for policyholders, investors and their beneficiaries who have failed to claim their benefits.

This is in addition to R47.3 billion held in retirement funds for members and their beneficiaries, according to statistics released by the Financial Sector Conduct Authority earlier this year.

While the FSCA regulates unpaid benefits in retirement funds in terms of the Pension Funds Act, the Association for Savings and Investment South Africa (ASISA) collects statistics on unpaid benefits from life insurance policies and investments.
4 Jul 2022 4AM English South Africa Business News · Investing

Other recent episodes

Why Dis-Chem Is Investing Through The Downturn

Dis-Chem grew revenue by 8% and continued gaining market share, but earnings came under pressure as the retailer accelerated investment in digital transformation, new stores and its healthcare ecosystem. CEO Rui Morais discusses Better Rewards, expansion plans, changing consumer behaviour and the long-term strategy underpinning the group's investment drive
2 Nov 12PM 11 min

Manufacturing's Recovery Remains Fragile

South Africa's manufacturing sector showed further signs of stabilisation in October, but confidence remains fragile. Absa economist Andiswa Nondudule unpacks the latest PMI survey, exploring demand conditions, export activity, hiring trends, inflation pressures and the outlook for the sector
2 Nov 12PM 10 min

Inside Altron's Strongest Revenue Growth In Years

Altron posted its strongest interim top-line growth in three years, with improving profits, rising dividends and strong cash generation. CEO Werner Kapp discusses the group's platform-led strategy, the commercialisation of AI initiatives, the growing importance of recurring revenue and where the next phase of growth could come from
2 Nov 11AM 13 min

Redefine's Property Recovery Gains Momentum

Redefine Properties delivered stronger earnings, a higher dividend and an improved balance sheet as South Africa's property recovery continues to gain traction. CEO Andrew König unpacks the drivers behind the company's performance, where opportunities are emerging across retail, office and industrial assets, and why management believes disciplined capital allocation remains…
2 Nov 11AM 14 min

Southern Africa sees Private Capital's Big Comeback

Private capital is making a strong comeback. Fundraising in Southern Africa surged by 162%, making 2025 one of the strongest years on record. Anusha Naidu, CEO of SAVCA, unpacks what's driving renewed investor interest, where capital is being deployed, the sectors attracting attention, and what private equity investors are telling…
29 Oct 1PM 12 min
All episodes