News
Simeka: Markets at a Glance – June 2024
This publication provides a monthly review of major indexes, important macroeconomic indicators and an overview of the highs and lows of the stock market for the period. Read more...
Two-pot retirement system – Provident fund members over 55 years as at 1 March 2021
If you were 55 years old or older on 1 March 2021 (the date that provident funds were annuitised), and are still a member of that provident fund, you need to note the following. Read more...
Two-pot retirement system – Tax implications
There are specific tax implications in respect of the two-pot retirement system when withdrawing any amount from your savings pot before retirement. Read more...
Two-pot retirement system – Compulsory Preservation
From 1 September 2024 2/3rds of your contributions to your retirement fund will be allocated to your retirement pot and 1/3rd of your contributions to your retirement fund will be allocated to your savings pot. No withdrawals are allowed from your retirement pot,...
Withdrawing from your savings pot
Important information regarding withdrawing from your savings pot. Read more...
Simeka: Markets at a Glance – May 2024
This publication provides a monthly review of major indexes, important macroeconomic indicators and an overview of the highs and lows of the stock market for the period. Read more...
Seed capital – starting balance in savings pot
On 1 September 2024, 10% or R30 000 (whichever is lower) from your retirement savings in the fund as at 31 August 2024 will be allocated to your savings pot as a starting balance. Read more...
Simeka: Markets at a Glance – April 2024
This publication provides a monthly review of major indexes, important macroeconomic indicators and an overview of the highs and lows of the stock market for the period. Read more...
Simeka: Economic Commentary March 2024
The performance of the domestic economy fell short of expectations and financial markets performed poorly in the run-up to South Africa’s 2024 general election. Marcus Rautenbach comments that consumer price inflation in 2024 is likely to be higher than anticipated...