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RAIM condemns SA banks for ‘racially biased’ account closures

The Resistance Against Impunity Movement (RAIM) on Tuesday said it strongly condemns the ongoing practice  of South African banks arbitrarily closing accounts under the pretext of “reputational risk.” RAIM stated, "This  practice has disproportionately targeted Black individuals and Black-owned businesses,  serving yet another instrument of economic exclusion and financial sabotage…
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PIC invests R700 million in Africa50 to boost infrastructure development

The Public Investment Corporation (PIC) has invested $40 million (arounf R740m) into Africa50 Group, the pan-African infrastructure investor and asset manager, marking a significant step towards harnessing African capital for the continent's infrastructure needs.The PIC, representing the Government Employees Pension Fund (GEPF) and one of Africa’s largest asset managers managing assets…
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How the Two-Pot pension fund system is revolutionising member engagement

The introduction of South Africa’s two-pot pension fund system has dramatically changed how pension funds are administered, shifting interactions from employer-based engagement to direct communication with individual members. This transformation has required administrators to implement large-scale innovations to manage the surge in member queries and claims efficiently.For financial advisory firm…
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