Security Provident Fund says 61% of employers are non-compliant
The Private Security Sector Provident Fund (PSSPF) has declared a national crisis, warning that more than six out of every 10 employers in the sector are failing to pay pension contributions.
According to the fund’s latest compliance figures for July 2026, approximately 61% of participating employers are non-compliant.
This leaves the fund’s roughly one million members vulnerable to the risk that money deducted from their salaries is not reaching their accounts.
To tackle the issue, principal officer Sipho Sidu says they’ve launched over 3 000 criminal cases with the police, while more than 2 000 employers have been flagged for arrears by the Financial Sector Conduct Authority.
“Six out of every 10 employers in PSSPF are non-compliant. That’s 61%, it is a national crisis. What are we doing about it? Taking decisive and serious action, while recovering contributions through attorneys and collectors. We have launched 3 025 criminal cases with the South African Police Services against non-compliant employers, and our top 50 offenders have been escalated to the commercial crimes unit. So, we are very serious about recovering what’s due for our members. Compliance is required from employers to employees, but the fund is deliberate in at least strengthening internal processes and systems to improve compliance.”