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Mafoko blames broke municipalities as pension debt hits R111m
Sunday World
|SW April 27 2025 edition
Security giant Mafoko Security Patrols has blamed broke municipalities as the reason it failed to pay pension contributions.
The debt has now ballooned to R111-million in penalties, with the company telling the Johannesburg High Court that delayed payments from its government clients pushed it into default.
Mafoko is fighting to block the sheriff from attaching its assets in Gauteng and Limpopo, after it was found guilty of failing to contribute to the Private Security Sector Provident Fund (PSSPF) for thousands of security guards, some dating back over 10 years. The company has on record stated it employs 11000 security guards.
In a new urgent interdict, Mafoko begged the court to stop the enforcement of a writ of execution that would allow the PSSPF to recover the unpaid pension money by seizing its properties.
Esta historia es de la edición SW April 27 2025 edition de Sunday World.
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