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News24 | Motor industry pension funds under scrutiny after board fees escalate by over 110%

The Financial Sector Conduct Authority is scrutinising the affairs of the Motoring Industry Fund Administrators board after an investigation showed that board members claimed R3 million more in fees than allowed.

Reported by News24 South Africa Sep 4, 2026 · 06:43 UTC

Read the complete report at News24 South Africa ↗

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INCIDENT FUSION

4 reports · 2 sources

News24 South AfricaNews24 | Motor industry pension funds under scrutiny after board fees escalate by over 110%06:43 UTC News24 South AfricaNews24 | Motor industry pension funds under scrutiny after board fees escalate by over 110%06:43 UTC News24 South AfricaNews24 | Motor industry pension funds under scrutiny after board fees escalate by over 110%04:21 UTC News24 South AfricaNews24 | Motor industry pension funds under scrutiny after board fees escalate by over 110%04:21 UTC

INCIDENT EVOLUTION

3 recorded states

Sep 4 · 08:58 UTC

Signal first indexedP1 · 99% quality · 2 sources

Sep 4 · 08:59 UTC

Source details updatedP1 · 99% quality · 2 sources

Sep 4 · 09:00 UTC

Source details updatedP1 · 99% quality · 2 sources

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News24 | Motor industry pension funds under scrutiny after board fees escalate by over 110%

4 reports · 2 sources

3 recorded states

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