retirementlatest news & developments
The Government Employees Pension Fund said on Tuesday that it had temporarily suspended the submission of withdrawal applications from the two-pot retirement system for its members from 7 October to 21 October to allow for a system update.

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

  • Aarti Bhana
1 min read

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 […]

  • Shaun Goosen
15 min read
With soaring costs of living and priority given to paying off debts, fewer people are putting away adequate amounts that might one day give them the option of stepping away from full-time employment.

Editorial: Retirement a daunting prospect

A declining number of middle class people are saving for retirement in South Africa

  • Eyaaz
2 min read
Employers and domestic workers can contribute a national domestic workers’ pension fund operated through mobile-based platforms for easy registration and tracking contributions. (File photo)

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

5 min read
Easy living: The Evergreen retirement village in Muizenberg has communal facilities, medical services and a walkway set in indigenous flora – but a luxurious lifestyle comes at a price. Photo: Supplied

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

  • Lukef
7 min read
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. (Getty)

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

  • Eyaaz
3 min read
Absa’s chief executive Arrie Rautenbach has agreed to take early retirement after discussions with the board

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

  • Eyaaz
2 min read
Taxpayers who owe money to the revenue service must expect that these debts could be settled from the withdrawals, leading to a lower payout

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 This content is restricted to registered users and subscribers. Get Your Free Account The Mail & Guardian is committed to providing all our readers with the best possible experience. Please register your free account now. Your registration is your first step to becoming an M&G community member. Register Registration enables: – M&G newsletters access – notifications – the best possible experience Already registered? Login here Want to subscribe and get even more benefits? Explore our subscription offers

  • Eyaaz
1 min read
Life insurers paid out close to R600 billion in claims last year.

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

  • Eyaaz
3 min read