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Big changes for R88 billion in unclaimed assets in South Africa | SA News

Caitlyn Hilliard-Lomas
 ·2 Mar 2026

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During Wednesday’s 2026 Budget Speech, Finance Minister Enoch Godongwana revealed that the country has more than R88 billion in unclaimed financial assets and benefits.

The government now plans to manage these unclaimed benefits by creating a central administrator responsible for record-keeping and tracing.

This is to make the claims process simpler for those owed the money.

In 2025, the Financial Sector Conduct Authority (FSCA) Commissioner, Unathi Kamlana,…

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