To achieve this, the JSE currently has access to nineteen issuer share registries from participating companies.<\/p>\n\n\n\n
These companies include African Media Entertainment, Finbond Group, Wilson Bayly Holmes-Ovcon, YeboYethu, Advtech, Cashbuild, Super Group, and Naspers.<\/p>\n\n\n\n
Mpact, JSE, Reunert, Merafe Resources, Northam Platinum, Growthpoint, Old Mutual, Sasol, and Quilter are also part of the initiative.<\/p>\n\n\n\n
Several factors contribute to people not being aware that they have unclaimed dividends owed to them.<\/p>\n\n\n\n
These include people changing jobs, moving homes to a new address or updating banking information without notifying listed companies.<\/p>\n\n\n\n
This, in turn, has made it challenging to verify beneficiaries, delaying the distribution of unclaimed funds.<\/p>\n\n\n\n
The JSE\u2019s Claim It verification process makes it easy for South Africans to determine if they are owed unclaimed dividends.<\/p>\n\n\n\n
The exchange encouraged people to visit the JSE website on www.jse.co.za\/claimit and complete the online form.<\/p>\n\n\n\n
They can also contact the JSE Claim It call centre on 0861 401 105 to determine if they are entitled to unclaimed dividends.<\/p>\n\n\n\n
The JSE is currently promoting this initiative on social media and has appointed Lucas Radebe as the campaign’s ambassador.<\/p>\n\n\n\n
R88 billion in unclaimed assets in South Africa<\/h2>\n\n\n\n![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/06\/FSCA-1024x576.jpg\")
<\/a><\/figure>\n\n\n\nThe JSE\u2019s \u2018Claim It\u2019 campaign forms part of a larger initiative to get R88 billion in unclaimed assets into the right hands.<\/p>\n\n\n\n
South Africa\u2019s financial regulator is working on a plan to ensure billions of rand in unclaimed retirement, severance and death benefits are distributed.<\/p>\n\n\n\n
Financial Sector Conduct Authority (FSCA) Commissioner Unathi Kamlana said that R88 billion was owed to South Africans but had not been claimed.<\/p>\n\n\n\n
The assets may be unclaimed because of poor information updates and record keeping by funds or administrators, or there may have been changes from employers and intermediaries.<\/p>\n\n\n\n
\u201cPeople are genuinely interested in getting this right because, in a country with an unemployment rate such as ours, anything that provides any kind of alleviation is acceptable,\u201d Kamlana said.<\/p>\n\n\n\n
FSCA research shows that the nation\u2019s mining sector, which historically relied heavily on a low-income labour force, accounts for the most significant chunk of unclaimed benefits.<\/p>\n\n\n\n
The FSCA aims to make information more readily available and streamline the process for lodging a benefit claim.<\/p>\n\n\n\n
One proposal is to establish a central unclaimed assets fund or transfer the money to the National Revenue Fund. The FSCA plans to submit its proposals to the government.<\/p>\n\n\n\n
\u201cThis is an old problem, but the unclaimed benefits increase each year, which means that not enough is done,\u201d Kamlana said.<\/p>\n\n\n\n
For South Africans who want to see whether they are owed money, the FSCA provides a tool for a partial or even complete search.<\/p>\n\n\n\n
The tool requires basic information like your name, surname, identification number, fund name, and employer.<\/p>\n\n\n\n
<\/a><\/figure>\n\n\n\nThe JSE\u2019s \u2018Claim It\u2019 campaign forms part of a larger initiative to get R88 billion in unclaimed assets into the right hands.<\/p>\n\n\n\n
South Africa\u2019s financial regulator is working on a plan to ensure billions of rand in unclaimed retirement, severance and death benefits are distributed.<\/p>\n\n\n\n
Financial Sector Conduct Authority (FSCA) Commissioner Unathi Kamlana said that R88 billion was owed to South Africans but had not been claimed.<\/p>\n\n\n\n
The assets may be unclaimed because of poor information updates and record keeping by funds or administrators, or there may have been changes from employers and intermediaries.<\/p>\n\n\n\n
\u201cPeople are genuinely interested in getting this right because, in a country with an unemployment rate such as ours, anything that provides any kind of alleviation is acceptable,\u201d Kamlana said.<\/p>\n\n\n\n
FSCA research shows that the nation\u2019s mining sector, which historically relied heavily on a low-income labour force, accounts for the most significant chunk of unclaimed benefits.<\/p>\n\n\n\n
The FSCA aims to make information more readily available and streamline the process for lodging a benefit claim.<\/p>\n\n\n\n
One proposal is to establish a central unclaimed assets fund or transfer the money to the National Revenue Fund. The FSCA plans to submit its proposals to the government.<\/p>\n\n\n\n
\u201cThis is an old problem, but the unclaimed benefits increase each year, which means that not enough is done,\u201d Kamlana said.<\/p>\n\n\n\n
For South Africans who want to see whether they are owed money, the FSCA provides a tool for a partial or even complete search.<\/p>\n\n\n\n
The tool requires basic information like your name, surname, identification number, fund name, and employer.<\/p>\n\n\n\n