SOUTH AFRICA - The government and Transnet have been told they could face a R8bn (US$1.1bn) legal battle over 75 million shares held in the shipping company's ailing pension scheme.
EGYPT - Robeco said it will enter the Egyptian market through a convertible loan arrangement with local firm Obelisk, which can be exchanged for a 49% stake in the company's equity.
KENYA - Kenya is looking to the Sh210bn (US$3bn) pensions industry to fund the country's infrastructure and domestic needs in partnership with the International Finance Corporation (IFC) and World Bank.
SOUTH AFRICA - A senior executive of Alexander Forbes, the service provider which recently escaped corruption charges, has been criticised for advice given to two South African municipal pension funds whilst working as an actuary for NBC Employee Benefits....
SOUTH AFRICA - The establishment of a mandatory state pension fund in South Africa is unlikely to translate into new business for asset managers.
SOUTH AFRICA - The South African parliament has called for tougher action on pension fund administrators who have swindled trustees out of an estimated R500m (US$67.5m).
NIGERIA - The country's three largest pension institutions now manage assets worth over N1trn (US$7.76bn).
SOUTH AFRICA - Finance minister Trevor Manuel has urged South African trade unions and employers to get involved in discussions on the proposed compulsory social security pension scheme and retirement fund reforms.
UGANDA - David Chandi Jamwa, formerly MD of D Craven Consulting, has been appointed MD of the National Social Security Fund (NSSF).
UGANDA - The Ugandan government has commited to pay out at least USh100bn (US$56m) of the accumulated pension arrears every year, starting from 2007.