When the two-pot retirement system launched last September, many South Africans saw it as a welcome “bonsela” , a bonus payout in tough times. Headlines warned...
South Africa is staring down the barrel of a retirement crisis. A new report by 10X Investments paints a grim picture of the country’s financial readiness,...
A growing number of South Africans are relying on personal loans to bridge the gap between their income and the rising cost of living, with vulnerable...
Momentum, one of South Africa’s leading insurance and financial services groups, has processed over 260,000 two-pot retirement withdrawals, amounting to a staggering R4.5 billion. This unexpected...
South African fund members have shown increased interest in accessing their retirement savings through the two-pot retirement system. While this system offers financial relief in the...
South Africans have been quick to access their retirement savings since the implementation of the Two-Pot Retirement System on 1 September 2024. However, Allan Gray and...
The South African Revenue Service (SARS) has raised alarms over the growing number of taxpayers trying to avoid taxes linked to withdrawals from the new two-pot...