APC Financial Services Pty Ltd / APC Finansiële Dienste Edms Bpk

Goeie middag Volgers,
Ek het 'n nuwe Facebook Blad geskep wat genoem is APC Financial Services omdat ons huidige Facebook Blad gekoppel is aan my persoonlike blad.
Dit was nodig vir Sosiale Media redes, sodat al ons Sosiale Media Platforms gekoppel kan word aan mekaar.
Ek gaan nuwe uitnodigings uit stuur om ons nuwe blad te "Like". Hierdie uitnodiging is 100% geldig. So julle is welkom om asseblief voort te gaan om die nuwe blad the "Like".
Indien jy enige vrae het, skakel my gerus op 082 533 8555.
Groete,
Sandi Cronjé

Good afternoon Followers,
I have created a new page called APC Financial Services, because our current page was linked to my personal page. I needed to do this for Social Media Purposes, so that all our pages on the different platforms can be linked to each other.
Therefore, I will be sending out new invitations to "Like" our new page. This is 100% legit. If you get a new invitation, you can go ahead and "Like" our new page.
If you have any questions, please feel free to contact me on 082 533 8555.
Thanks.
Sandi Cronjé

THE GREAT RETIREMENT WORRY
November 26, 2025

Many South Africans are deeply worried about their lack of retirement savings.
On a Facebook community last week, a woman in her forties wrote that her fear and anxiety about her lack of savings was paralyzing and all-consuming.
Many members of the community commented that they too were despairing about having too little saved – often at older ages - or worse had no savings.
Uncertainty about the future rattles most of us, but it is particularly hard as you get older and realize your comfort zone is under threat and you have less time to do anything about it.
Minimizing the threat to your future means doing whatever is within your control. Here are few ideas:
SCALE BACK A LITTLE NOW
Scaling back a bit now in order to save more will be much less painful than scaling back massively in retirement.
Retirement concerns often hit in mid-life when financial commitments to family are at their peak. This makes it much more difficult to live on less.
It is hard to admit to children and other dependents that you need to scale down. But rather that than ask your children or other younger relatives in a few years' time, as they start to establish their own homes and families, to support you as well.
Children are often aware that other parents have more to spend, but you will teach a valuable lesson if you explain – even just simply - your plan to fix your financial future. Children who learn to live within the family’s means early in life are likely to be the ones who have the discipline to grow their own wealth from an early age.
SAVE SOMETHING
However dire your retirement savings situation is, start saving something. Even if you are forced to live with family later on, covering your personal expenses later in life will give you some independence and help everyone.
You may think your financial situation now is tight, but unless you are living on the poverty line there is always something you can consider cutting back.
EARN MORE
It isn’t always possible, but you will never know if it is until you try to earn more. Could you upskill and move to a higher-paying job?
Many South Africans are proving that it is possible to supplement their income with a side-hustle. It may mean giving up free time and earning less than you do in your day job, but a side hustle may in time grow into a steady income stream.
If there is really nothing you can do to earn more, consider selling off some things you own that you no longer need and investing the proceeds.
RETIRE LATER
Our retirement savings calculator is a powerful tool that lets you test your retirement scenarios. It can be daunting to see the numbers, but it will also help you formulate a plan. Test the triple whammy that retiring later has on your retirement income:
· It lets your savings grow for longer;
· It lets you save for longer;
· It reduces the years in retirement for which you will need an
income.
If you are employed and unable to delay your retirement, consider whether you could continue working part time or in a consulting role, or grow your side-hustle into something more substantial.
GET ADVICE AND ACCOUNTABILITY
Getting advice will also help you make a plan and an adviser can keep you accountable. A good financial adviser will also be able to help you find the safest way to take as much investment risk as you can to grow your retirement savings as quickly as possible without gambling on your future.
Do not be tempted to invest in high-risk schemes for high returns, particularly if you do not fully appreciate how these work and the risk of losing money. The chances of making your situation worse are very high. Many a desperate retiree or near-retiree has fallen for this trap.
BE POSITIVE BUT PRACTICAL
Many people with little to no retirement savings hope Prince Charming, a wealthy benefactor or a bet on a game or at a casino will change their fortunes. This doesn’t happen for most people. But positive people who make practical plans make their own worlds go round.

Laura du Preez
Editor Smart About Money

Do you know someone who is worried about their retirement savings?
Do you have friends, family or colleagues who haven’t saved enough for retirement? Help them make a practical plan to save more. Share this newsletter with them by clicking the Forward button in the footer.
If there are topics you would like to see covered, drop us an email on [email protected] and watch out for new topics by subscribing to this newsletter from www.smartaboutmoney.co.za or following us on social media.

Shout out to my newest followers! Excited to have you onboard! Bonita Mocke, Ian Jordaan, Leandri Cloete

APC Financial Services (Pty) Ltd - FSP 47435
An authorized Financial Services Provider.
André Cronjé - 081 212 3717 ([email protected])
Sandi Cronjé - 082 533 8555 ([email protected])
Life Insurance, Investments, Short Term Insurance etc.

APC Financial Serivces (Pty) Ltd - FSP 47435
An authorized Financial Services Provider.
André Cronjé - 081 212 3717 ([email protected])
Sandi Cronjé - 082 533 8555 ([email protected])
Life Insurance, Investments, Short Term Insurance etc.

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APC Financial Services (Pty) Ltd - FSP 47435
An authorized Financial Services Provider
André Cronjé - 081 212 3717 ([email protected])
Sandi Cronjé - 082 533 8555 ([email protected])

APC Financial Services (Pty) Ltd
An authorized financial services provider.
FSP: 47435
André Cronjé: 081 212 3717 ([email protected])
Sandi Cronjé: 082 533 8555 ([email protected])

50% SURGE IN EMPLOYERS IN ARREARS WITH RETIREMENT CONTRIBUTIONS
Posted on 29 September 2025 by Moonstone Information Refinery

There has been a 50% increase in the number of employers that are in arrears with their retirement contributions since the Financial Sector Conduct Authority published its list of employers that were non-compliant at the end of December 2023.

The Authority said the increase was mainly because two large retirement funds, the Auto Workers Provident Fund (AWPF) and the Motor Industry Provident Fund (MIPF), have reported non-compliance by employers. Together, these funds account for 57.5% (3 353) of the 5 821 employers named in the latest list.

On Thursday, the FSCA issued its fourth communication providing the names of employers that were in contravention of section 13A of the Pension Funds Act at the end of March this year. These are employers that despite deducting contributions from their employees’ salaries, failed to pay those contributions over to the relevant retirement funds. Section 13A prescribes how the payment of contributions and other benefits should be made to a fund.

Retirement funds reported 15 521 delinquent employers to the FSCA at the end of March this year, compared with 7 770 at the end of December 2023.

Of those 15 521, the Authority has published the names of 5 821 entities because of “the severity and duration of their arrears”. In November last year, the FSCA published the names of 2 330 entities that were in arrears at the end of December 2023.

The Authority once again cautioned that at the time of publication, there might be instances where named employers have, in fact, paid over the outstanding contributions, because there is a delay between the reporting date (March 2025) and the date of publication (September 2025).

At the end of March, arrear contributions stood at R7.29 billion, compared with R5.2bn at the end of 2023. The R7.29bn comprises outstanding capital contributions of R4.31bn and R2.98bn in late payment interest (LPI).

The number of funds reporting non-compliance increased from 51 at the end of December to 67 at the end of March.

The arrear contributions affect 592 000 fund members, compared with 310 000 in December 2023.

According to the latest list:

5 671 employers have outstanding contributions exceeding R50 000, which have been overdue for five months or more.
80 employers have outstanding contributions exceeding R50 000, but the last contribution date has not been provided.
79 employers owe less than R50 000 in contributions, but outstanding LPI exceeds R50 000 and has been overdue for five months or more.
17 employers owe only outstanding LPI.

Sending a clear message:
Commissioner Unathi Kamlana told a media briefing that although the FSCA does not have jurisdiction over employers – something it hopes will change once the Conduct of Financial Institutions Bill is enacted – the Authority publishes the lists as a tool to name and shame non-compliant entities, with the aim of protecting employees’ retirement savings, and by so doing, encourage accountability.

Deducting contributions from salaries but not remitting them to the relevant funds is a serious breach of fiduciary and ethical responsibility. Such conduct not only undermines employee trust, but may also amount to financial misconduct, which should attract severe consequences, Kamlana said.

“Our intention is therefore to send a very clear message: the practice of withholding employees’ pension contributions without remitting them to the respective funds will not be tolerated. By continuing to shine a spotlight on these practices, we aim to deter misconduct, safeguard workers’ futures, and reinforce confidence in the retirement system.

“While we acknowledge that some employers may be facing genuine financial hardship, this cannot and must not be used to justify the systemic failure to meet legal obligations,” he said.

Kamlana said there has been an improvement in compliance since the publication of the first list in 2023. A number of employers have reached out to their respective funds to make payment arrangements and, in some cases, to settle their standing contributions.

Deputy Commissioner Astrid Ludin said the FSCA has noticed an increase in funds adhering to their obligation to report non-compliant employers since the Authority published the first list of delinquent employers in August 2023, when 23 funds reported 5 430 employers that were in arrears at the end of April 2023.

She said the FSCA’s shining a spotlight on non-compliance has also put retirement funds under pressure to improve the quality of their data. For example, in the previous publication, the Private Security Sector Provident Fund (PSSPF) reported 531 employers as non-compliant, but 421 of those have been removed from the latest list.

The FSCA receives information from funds about arrear contributions every month, but it publishes the information only at certain intervals, to afford funds and employers an opportunity to implement measures to remedy the arrears, Ludin said.

A closer look at the numbers:
The following information is based on the 15 521 employers reported to the Authority, not the 5 821 whose names were published.

Most of the arrear contributions – R5.6bn – is owed to funds that fall under bargaining councils, sectoral determinations, or trade unions.

A bargaining council, a statutory body established under the Labour Relations Act, is formed by registered employers’ organizations and trade unions in a specific sector or industry. A sectoral determination is a legal instrument issued by the Minister of Employment and Labour under the Basic Conditions of Employment Act. A determination applies automatically to all employers and employees in a specific sector.

Of the total arrears of R7.29bn, 27% (R1.98bn) is owed to the AWPF and the MIPF, which are two of the five funds that comprise the Motor Industry Retirement Funds (MIRF), which is administered by the Motor Industry Fund Administrators.

The AWPF has 182 000 active contributing members in job grades 1 to 6 as at June 2025, and the MIPF has 53 000 in job grades 7 to 8, according to fact sheets published by MIRF.

Members of the Motor Industry Bargaining Council (MIBCO) are required to contribute to the MIRF, unless exemptions are granted. MIBCO represents employers and employees across sectors such as vehicle manufacturing, sales, aftermarket services, and related trades.

Keabetswe Tsuene, a specialist analyst in the FSCA’s Retirement Fund Conduct Supervision department, said the Authority has noted that where employers in the private security sector settle arrears, they often pay the capital portion only but not the LPI.

She said LPI should be treated as investment income, because it replaces, at least in part, the returns members have forfeited during the period the fund did not receive contributions.

Tsuene said the Authority has found that paying LPI creates something of “a stressful situation” for municipalities. This is because municipalities’ financial statements must categorise LPI as irregular or wasteful expenditure – they should not have incurred LPI in the first place.

Sixty-two percent of the delinquent employers are in the motor industry (47.3%) and the private security sector (14.3%).

Tsuene said one of the reasons for the prevalence of arrears in the private security sector is that these entities often rely on contract work, and if they are not paid on time, it affects their cash flow.

She said a possible reason for the large-scale arrears in the motor industry is that employers that fall under a bargaining council (or a sectoral determination) are required to participate in a fund but might not be able to afford to pay the contribution rates.

However, there are some employers that are not going to pay, even if they can afford to do so.

Delinquent employers participating in corporate umbrella funds (10.1%) are classified as “other” because the FSCA does not currently have data on the industries in which they operate. As the quality of the data improves, the Authority will allocate employers to the relevant categories, Tsuene said. The “other” category also includes public sector employers – mainly provincial entities – that are not municipalities or local government entities.

Regarding the private security sector, the Tsuene said the FSCA has observed that the industry’s non-compliance is not limited to failing to pay retirement contributions. It is non-compliant with registering employees with the PSSPF and in not paying other employee benefits, such as medical scheme contributions.

Period outstanding:
In terms of the periods over which contributions are in arrears, 43% are outstanding for up to 24 months (two years) – virtually unchanged from the end of 2023. In the local government sector, it is 67 months (almost six years), and the average across all sectors is 48 months (four years).

Tsuene said the FSCA does not, at this stage, have an explanation of why certain sectors are in arrears for longer than others.

Tsuene said one of the reasons for the longer average in the municipal sector is an issue that arose when one fund changed its contribution rate in 2006, but some employers did not adjust their contribution rates to the new rate. The fund has reported these municipalities as non-compliant because they are paying contributions at the incorrect rates.

In bargaining council funds, long-term arrears often arise because an employer registers with a fund – as it is required to do – but does not receive any business or trades for a short period. The employer fails to inform the fund that it does not have any employees, and the fund assumes the employer is simply not paying contributions.

Tsuene said this highlights that funds rely on receiving accurate employee information from employers when assessing whether they are owed contributions. If an employer does not provide a fund with an up-to-date schedule of the employees for whom it is paying contributions each month, the fund will conclude there is non-compliance. The fund will try to figure out how to calculate how much is outstanding, and for how long the contributions have been outstanding, based on the last schedule it received. She said it is very rare for an employer to provide an up-to-date schedule and not pay contributions. In most cases, funds that do not pay contributions do not provide a schedule.

Affected members:
Of the 592 000 members affected by arrear contributions, 59% (349 335) are in the private security sector – mainly security officers.

Tsuene highlighted that the average period outstanding per employer in the commercial umbrella space is only three months. This is because, typically, if a participating employer is non-compliant for three months, the fund’s board of trustees will decide to terminate or liquidate that employer in the fund.