Traditional leaders in KwaZulu-Natal will soon have access to pension and medical benefits following an official approval of an Amakhosi Pension Fund by the Financial Sector Conduct Authority FSCA.
KZN co-operative governance and traditional affairs Cogta MEC Thulasizwe Buthelezi confirmed on Tuesday the initiative mooted by his department three months ago had been given the thumbs up.
The initiative, a first of its kind, was started by the KZN Cogta department in partnership with Standard Bank to support amakhosi and izinduna after their retirement.