Industry action

Finding the beneficiaries of unclaimed benefits is a national imperative. It is estimated that 332,580 former mineworkers and their families are owed R4.7 billion by five pension and provident funds.

Difficulty in verifying the identity of ex-mineworkers, migration back to labour-sending areas in South Africa and neighbouring countries, as well as workers' and their families' being unaware of their entitlement to claim, have meant that substantial funds remain unclaimed.

The Chamber of Mines has worked closely with the authorities and various pensions funds to track and trace former mineworkers, and share information and outreach programmes.

Over the past two years, the five pension funds have identified and paid approximately 10,000 beneficiaries R65 million in unclaimed benefits.

Collaborative efforts are being intensified.