Simeka: Economic Commentary January 2024
The South African economy displayed lacklustre performance in 2023 as higher interest rates hampered growth. The interest rate hikes were meant to reduce high inflation prevailing after the Covid pandemic to an acceptable level. This objective was largely achieved by...
Two-pot Retirement System: Change in Implementation Date
As discussed in previous communications, the key proposals to move towards the two-pot retirement system, was first published by National Treasury in the draft Revenue Laws Amendment Bill (RLAB) on 29 July 2022. The second draft of the RLAB was issued on 9 June 2023....
Update: Two-pot retirement system summary
In this communication, we provide a summary on the progress of the Two-pot retirement system, from when the key proposals were first published by National Treasury in July 2022, together with the most recent decision from the Standing Committee on Finance that the...