The government wants to take over R88 billion owed to ordinary South Africans

The National Treasury has proposed a centralised system to help millions of South Africans track down and claim an estimated R88 billion in unclaimed money.However, concerns have been raised about whether putting such a large pool of assets under a single administrator is the right solution.The R88 billion comes from forgotten retirement fund benefits, dormant bank accounts, unpaid insurance claims, and investment returns.