Dis-Chem is a leader in the South African pharmacy retail sector, operating out of 274 stores nationwide. The business was founded by Ivan and Lynette Salzman in 1978 and listed on the JSE in 2016, with an initial placement of 27.5% of the company. The...
Two-pot retirement system update The Taxation Laws Amendment Act 2024 and Revenue Laws Amendment Act 2024 These Acts were gazetted on 24 December 2024 and include the following two-pot related changes, which are effective 1 September 2024: Removing the...
As the Institute of Retirement Funds Africa (IRFA) readies itself for the upcoming year, the emphasis is clear: consolidate and ensure an enduring legacy. According to IRFA President Geraldine Fowler, the year ahead will be guided by both core strategy, and...
The excitement and anxiety over the implementation of the two-pot retirement system on 1 September 2024 quickly turned to agony for some retirement fund members whose employers had not been paying over contributions to funds. It used to be that most members...
As I reflect on South Africa's evolving retirement landscape, I see the need to address recent policy shifts, especially the introduction of the two-pot retirement system. At the Financial Planning Institute of Southern Africa NPC (FPI), we remain committed...
Discovery Green is pleased to announce the signing of five new clients in the mining, property and hospitality sectors, securing long-term partnerships with Impala Platinum Holdings Limited (Implats), KP Lime, The Capital Hotels and Apartments, Balwin...
Planning, insuring and investing made simpler through mutuality and profit-sharing. The Professional Provident Society (PPS) has launched glu, a new division designed to extend mutuality-driven benefits to a wider audience across South Africa. Live from 30...
Newly appointed Momentum Financial Planning CEO Aldert Brink unpacks his vision to revolutionise financial advice for the good of the clients. "We may face many challenges in South Africa, but I firmly believe partnering with expert financial advisers can be...
Old Mutual Wealth (OMW) South Africa has announced a strategic collaboration with Bravura, a leading financial services technology provider to the asset and wealth management communities, to enhance its Discretionary Fund Manager (DFM) functionality of its...
The two-pot system is the latest in a series of significant legislative changes which the retirement industry has seen in the last 10 years (see information box for more details). Most of the attention to date has been on the savings pot, that is the amount...