Two-pot withdrawal system temporarily suspended for Government Employees Pension Fund
The fund said its system was undergoing an update and would be offline until 21 October
retirement
Converting momentum into outcomes for Africa’s retirement members
In July, the IRFA joined regulators and industry leaders at the Africa Pension Supervisors Association (APSA) Conference in Marrakech. The discussions were clear-eyed and practical: Africa’s retirement systems must simultaneously widen coverage and strengthen adequacy, modernise supervision, and channel more local capital to productiveinvestment—without compromising member protection. That agenda now meets its implementation lab at […]
Editorial: Retirement a daunting prospect
A declining number of middle class people are saving for retirement in South Africa
How to help your parents in their golden years
You need to talk about money and you can’t help others if you’re not helping yourself
South Africa must invest in its domestic workers and set up a dedicated pension fund
They spend most of their lives supporting our families, yet they face old age with little to no financial security
Retire in a stylish village without buying a property
A newish way of living in a retirement village is through a life rights contract that involves single ‘deposit’ upfront
Two-pot: Is tapping into your retirement savings to settle today’s debts worth risking your financial future?
While the two-pot system offers immediate relief, some may argue that it could be driving consumers towards a cycle of credit dependency that would leave them unprepared for retirement
Absa head Arrie Rautenbach to step down after two years at the helm
Rautenbach’s appointment to replace Daniel Mminele was criticised by those who saw it as a setback in racially transforming the bank
Explainer: How the ‘two-pot’ retirement fund system will work from 1 September
Taxpayers who owe money to the revenue service must expect that these debts could be settled from the withdrawals, leading to a lower payout
Life insurers paid close to R600 billion in claims in 2023
The data showed that more than half of risk policies bought last year were for funeral cover
Driving Change in the South African Retirement Sector
Insights from the Institute of Retirement Funds Africa’s Annual Conference
Retirement on your terms: Mastering the art of saving in a tough economy
A financial adviser allows you to take care of today’s financial responsibilities while also being able to save for the future
South Africa needs to make pension system more inclusive, study says
South Africa’s pension system is ranked 31st out of 43 countries, receiving a C-grade which indicates major risks and shortcomings that should be addressed
What lengths would you go to to pay off your debt?
In this extract, from the anthology Upshot curated by Lauren Beukes, the author imagines rich people and voters at home deciding on his character’s fate
SA has a retirement savings crisis
Limited understanding of finances and a low income means that millions of South Africans either don’t or can’t put money aside for when they’re older
