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Business Times reports that former employees of Eastern Platinum’s Crocodile River Mine are still waiting for their unclaimed provident fund benefits 10 years after they were retrenched.
The mine in Brits was placed on care and maintenance in 2013, due to a combination of falling metal prices and a low global outlook. Labour lawyer Tommy Bangani, who represents more than 150 employees retrenched in 2013, blamed Alexforbes for dragging its feet in making the payouts. “For the past six months, we’ve been trying to get the Fund Administrator [Alexforbes] to pay out the provident fund benefits of the retrenched former employees and/or their beneficiaries and dependents without any success,” he claimed. When Bangani contacted Alexforbes on behalf of the former workers, it appointed a tracing company to contact the workers directly, “so that they can pay them the minimum benefits offered by the administrator of the provident fund”. Bangani said the employees had been dealt a double blow since they were denied their provident fund benefits, and a promise to re-employ them did not materialise.
Alexforbes advised: “As of July 11 2025, there are 623 unclaimed benefits linked to the terminating Barplats Provident fund still payable, valued at approximately R4.6m.” The company said it was still trying to trace the beneficiaries. “To release provident fund benefits to unclaimed members, Alexforbes requires relevant supporting documents, a fully completed claim form, proof of company employment, or fund membership to be submitted for reviewing and processing; provided all the requirements are met,” the company indicated.
- Read the full original of the report in the above regard by Dineo Faku at Business Times (subscriber access only)
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