The introduction of South Africa’s Two-Pot Retirement System has been a game-changer for individuals facing financial strain, offering them a lifeline by allowing access to a portion of their ...

Administrators are expected to earn between R640 million and R1.25 billion in fees from withdrawals under the two-pot retirement system. Pension fund members who already started withdrawing funds from ...

Although the implementation of the two-pot retirement system seems like manna from heaven for cash-strapped consumers, insurance providers and financial institutions worry about its impact on ...

Nearly four million pension fund withdrawals totalling close to R57 billion have been made under South Africa’s two-pot retirement system since its introduction on 1 September 2024, with the South ...

South African retirement fund members have withdrawn nearly R57 billion from their savings since the implementation of the ...

There’s been a lot of buzz around the Two-pot retirement system that officially came into effect on September 1, 2024. It’s a significant shift in how retirement savings are managed in South Africa, ...

South Africa’s two-pot retirement system is showing early signs of a potentially concerning pattern, with financial services ...

It emerged that some companies had fallen behind on their pension contributions, meaning workers paying towards their pension fund won’t be able to access a portion of their savings yet as a result of ...

Some pension funds and administrators are yet to comply with the full requirements, which means even if members apply for a withdrawal, their requests would not be processed. JOHANNESBURG - As the ...

Three months after the two-pot system was implemented, the National Treasury and the South African Revenue Service (SARS) have proposed amendments — based on what they have observed. Under the two pot ...

The introduction of the two-pot system, together with possible interest-rate cuts, decent momentum in wages, and lower inflation could boost consumer confidence and drive an increase in spending in ...

This is expected to be positive for domestic retailers, particularly discretionary names (clothing and furniture mainly). There could also be some benefit accruing to the banks, as savers may utilise ...