The South African National Treasury has increased the annual contribution limit for Tax-Free Savings Accounts (TFSAs) from $2 100 to $2 700.

 This change is designed to encourage greater household savings, allowing investors to shelter more interest, dividends, and capital gains from tax, while the lifetime contribution limit remains at $29 000.

 To look at how South Africans are currently saving, identify the gaps in household savings, and explore how tools like TFSAs can support households in building financial resilience and long-term wealth. Thami Ngubenis spoke to Sisandile Nkatu, Head of Retail Investments at Nedbank.

The South African National Treasury has increased the annual contribution limit for Tax-Free Savings Accounts (TFSAs) from $2 100 to $2 700.
&nbsp;This change is designed to encourage greater household savings, allowing investors to shelter more interest, dividends, and capital gains from tax, while the lifetime contribution limit remains at $29 000.
&nbsp;To look at how South Africans are currently saving, identify the gaps in household savings, and explore how tools like TFSAs can support households in building financial resilience and long-term wealth. Thami Ngubenis spoke to Sisandile Nkatu, Head of Retail Investments at Nedbank.

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In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.