CONCERNS RAISED ABOUT TWO-POT IMPLEMENTATION DATE

Loading player...
GUEST - Natasha Huggett-Henchie, a principal consultant at NMG Benefits

The Standing Committee on Finance’s rejection of National Treasury’s recommendation that the Two-Pot retirement system be delayed has left the asset management industry anxious. The committee said that the Two-Pot system will be implemented on the original date of 1 March 2024, denying National Treasury’s recommendation to delay the system’s implementation to 1 March 2025. Under the new system, South Africans will be able to access up to one-third of their retirement funds before retirement through a “savings pot.” The other funds will be locked in a “retirement fund,” which will only be accessible when the member retires.
22 Nov 2023 3PM English South Africa Business News · Investing

Other recent episodes

BofA Slashes SA Growth Forecast as Inflation Surges

Bank of America has cut South Africa’s 2026 GDP growth forecast to 1.3%, warning that higher oil and fertilizer prices will keep inflation above 4% for most of the year. Economist Tatonga Rusike explains
23 Apr 3PM 11 min

Understanding SA’s First Wealth Score

Franc unveils South Africa’s first-ever Wealth Score, revealing that financial habits—not income—are the strongest predictor of financial health. We unpack why SA’s national score is 45/100 and the behavior gap between knowing and doing with Dr. Thomas Brennan, founder and CEO of Franc.
23 Apr 3PM 13 min

Clicks Lifts HEPS 8% Despite Warehouse Disruptions.

Clicks delivered firm interim results with diluted HEPS up 8.1%, even as warehouse system delays cost an estimated R175 million in lost sales. CEO Bertina Engelbrecht discusses pharmacy growth, trading margins, and festive‑season competition.
23 Apr 2PM 16 min