Linux.co.za: An SA Linux Case Study--Benefit Recovery Services
Oct 11, 2005, 19:00 (3 Talkback[s])
(Other stories by Keith Nicholls)
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"There is an estimated R8-billion [US$1.2/€1.0 billion] in
unclaimed monies currently being held by financial services
institutions of South Africa. There is also an estimated
R80-billion [US$12.3/€10.2 billion] in pension surpluses that
pension funds need to apportion in the next three-to-five years.
Statistics show that over 1-million South Africans change their
contact details every year. And this often results in benefits not
being paid to the rightful beneficiaries.
"In this regard, Benefit Recovery Services (Pty) Ltd ('BRS') was
formed to help track down these people and recover the money owed