News
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...
Simeka: Markets at a Glance as at November 2023
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 Update: The two-pot retirement system progress
More information about the draft legislation in the pipeline that introduces the two-pot retirement system. Read more...
Simeka – Economic Commentary October 2023
Monetary conditions tightened in September 2023 and financial markets responded by contracting. The Chicago Federal Reserve’s National Financial Conditions Index reveals the extent of the tightening. Read more...
Section 37C of the Pension Funds Act – Duties of the board of management in distributing a death benefit
Section 37C of the Pension Funds Act 24 of 1956 (the Act) deals with the distribution and payment of death benefits upon the death of a member of a retirement fund. It was introduced primarily to ensure that death benefits are paid in accordance with the object of the...
Simeka: Markets at a Glance as at September 2023
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: Markets at a Glance as at August 2023
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...
The Two-Pot Retirement System: An update from Sanlam Corporate
From 1 March 2024, a member’s Fund Credit and their future contributions will be reclassified into a ‘vested pot’, ‘emergency savings pot’ and ‘retirement pot’. We will change all Fund Credit records on our administration system to this new naming convention from 29...