Treasury Eyes Unclaimed Billions

PretoriaR88.6bn sits unclaimed in dormant accounts and pensions.

Whoever holds that money today earns its return while bearing no duty to find owners.

South Africa’s Treasury wants one central administrator to trace beneficiaries instead of each bank tracing its own.

Public comment is open, but Treasury must still pick a 45-year or 110-year claim cutoff.

Sources: Daily Maverick