National Treasury proposes more changes to the two-pot retirement system
Delaying the implementation date and raising the seeding cap are among the announcements and clarifications.
Conventional wisdom says that living expenses rise uniformly with inflation, so many financial plans are based simply on that. But analysing the spending patterns of retirees shows us that the data tells a different story.
Read moreDelaying the implementation date and raising the seeding cap are among the announcements and clarifications.
Retirement industry bodies plead for a later implementation date, but Cosatu says 1 March next year is a ‘red line’.
SA Federation of Trade Unions says a basic income grant of R1 500 a month should be introduced progressively.