Publication

This paper examines South Africa's pension system for employees in the public sector, the changes it has undergone and their contemporary consequences. The author deals with the interconnections between public debt, contributory pensions in the public sector, the corporatization of the management of these public funds, the contradictions of Black Economic Empowerment, and the failure of South African social policy in respect of contributory public pensions to deal more comprehensively with its development challenges.