Ulundi, 30 September 2025 – The KwaZulu-Natal Department of Cooperative Governance and Traditional Affairs (KZN COGTA) has reached a historic milestone with the official approval of the KZN COGTA Pension Fund for Amakhosi by the Financial Sector Conduct Authority (FSCA).
This approval confirms that all regulatory requirements have been duly fulfilled, paving the way for the formal implementation of the pension fund. The initiative is being rolled out in partnership with Standard Bank, a strategic collaborator in ensuring the financial sustainability and operational integrity of the fund.
The pension fund is designed to uphold the dignity and social standing of Amakhosi by providing a structured savings mechanism that will be accessible upon retirement. This marks a significant step in recognising the lifelong service and leadership of traditional leaders within the province.
In addition to retirement benefits, the Amakhosi Legacy Plan will incorporate comprehensive medical cover, ensuring that Amakhosi have access to essential healthcare services. This holistic approach reflects the department’s commitment to the well-being of traditional leaders, both during and after their tenure.
KwaZulu-Natal MEC for Cooperative Governance and Traditional Affairs, Reverend Thulasizwe Buthelezi, has welcomed the FSCA’s approval, describing it as a “significant breakthrough” in the department’s ongoing efforts to provide long-term stability, financial security, and social protection for Amakhosi and their families.
“This initiative affirms our dedication to honouring the invaluable role played by Amakhosi in our communities. It is a tangible expression of our respect and recognition for their leadership, and a step towards ensuring their welfare beyond active service,” said MEC Buthelezi.