Enterprising Zamani looks back at 20 years of business success with pride

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Akani Retirement Fund Administrators manages assets worth R28bn on behalf of the Municipal Workers Pension Fund.

He said if black businesses start a commercial bank, the government should be supportive by having some of its departments paying out salaries through the black financial institution. “Even a majority of businesses should be encouraged to have bank accounts with the black bank.

“The interest to go into pension fund administration came in 1994 when I was an HR [human resources] practitioner and an employee retirement fund trustee,” he said. “As a practitioner you need to understand how pension funds came about, what was the purpose of it and as and when the beneficiaries were coming to claim, I have to understand how to go through their claims. I also had to understand what is the make up of the lump sum amounts. If a person has to be paid three timestheir salary, given the contribution which is less than 30% of their salary, how is that amount then multiplied.

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Can someone assist this Akani Retirement fund is not paying my profident fund. It the 4th month now.

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