Rise & ShineRise & Shine

Surge in Withdrawals Under South Africa's Two-Pot Retirement System

View descriptionShare

South Africa's retirement savings reforms are drawing renewed attention as the country enters a new tax year. Under the government's two-pot retirement system, workers can access a limited portion of their retirement funds before retirement while preserving the rest for later in life. Financial services firm Alexforbes says it received more than 140,000 withdrawal claims in the first week of March alone. To unpack what's driving this surge and what it means for savers, Vickie Lange, Head of Solutions Enhancement at Alexforbes.

  • Facebook
  • X (Twitter)
  • WhatsApp
  • Email
  • Download

In 1 playlist(s)

Rise & Shine

News headlines
Social links
Recent clips
Browse 5,510 clip(s)