Economic transformation is more than just a buzzword in South Africa - it's a critical step toward reshaping our economy and ensuring that everyone benefits from its growth. At its heart, economic transformation is about addressing the deep-rooted...
By the third quarter of 2024, it was evident that South African investors still sought the safety of fixed income and the high returns on offer due to relatively high interest rates rather than the potential returns offered by the equity market. The SA...
2024 was the biggest election year in human history where over 70 countries representing more than half of the global population held elections (in the same year). It is estimated that over 80% of incumbent party's lost voter support in 2024 compared to the...
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...
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...
Though many of us may not fully grasp the profound impact of AI on the world, its transformative power is clear. Some of us have used tools like ChatGPT to improve our writing but today I want to focus on a few remarkable AI innovations that change lives in...