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Latest news & analysis

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\n\t\t\t\n\t\t\t\tNew amendments to two-pot system aim to resolve anomalies in retirement fund seeding\t\t\t\n\t\t

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The proposed amendment, which is backdated and will be effective from 1 September 2024, removes the restriction that members in the affected age group must remain in the same fund. The amendments also change the effective seeding calculation date for members in this particular age category.

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\n\t\t\t\t\t\n\t\t\tNeesa Moodley\t\t\n\t\t\t\t\n\t\t\t20 December 2024\t\t\n\t\t\t\t
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\n\t\t\t\n\t\t\t\tSA Revenue Service: Two-pot withdrawals have hit over R35bn, applications almost at 2 million\t\t\t\n\t\t

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Clearly, there are a lot of South African households in need of a liquidity shot. But there does not seem to be a mad scramble for cash as outlined in the SA Reserve Bank’s high withdrawal scenario.

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\n\t\t\t\t\t\n\t\t\tEd Stoddard\t\t\n\t\t\t\t\n\t\t\t19 November 2024\t\t\n\t\t\t\t
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\n\t\t\t\n\t\t\t\tSpar Group tightens belt to offset soft sales\t\t\t\n\t\t

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The group reported that its R10bn debt restructure would be completed by the end of this year, adding that its two-year plan to reshape its balance sheet was also ‘comfortably on track’.

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\n\t\t\t\t\t\n\t\t\tGeorgina Crouth\t\t\n\t\t\t\t\n\t\t\t30 September 2024\t\t\n\t\t\t\t
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\n\t\t\t\n\t\t\t\tTwo-pot system, lower interest rates sow seeds for economic stimulus in SA\t\t\t\n\t\t

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Withdrawals from the two-pot retirement system should improve economic growth, as will lower interest rates. But these gains can be maintained only with consistent power and good logistics.

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\n\t\t\t\t\t\n\t\t\tEd Stoddard\t\t\n\t\t\t\t\n\t\t\t8 September 2024\t\t\n\t\t\t\t
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Subscribe to Money Cents newsletter, a bespoke personal finance newsletter written by our money guru, Neesa Moodley.

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Spar Group tightens belt to offset soft sales

The group reported that its R10bn debt restructure would be completed by the end of this year, adding that its two-year plan to reshape its balance sheet was also ‘comfortably on track’.

Georgina Crouth 30 September 2024
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