With both the Pension Funds Amendment Bill and the Revenue Laws Amendment Bill having been passed by the National Treasury, the President must sign the bills into law. However, a few steps remain in finalising the implementation of the Two Component system,...
Everybody loves tax – not! Unfortunately, in South Africa taxation is unavoidable and very high. It is also very complicated. The two-pot system has introduced a new way to tax our retirement funds. Any withdrawal from your savings pots will be based on...
If your employees belong to a retirement fund, you can take some important steps right now to avoid dissatisfaction and a deluge of complaints. The National Treasury is anticipating a R5 billion revenue windfall from taxing two-pot withdrawals in the next...
With the expected advent of the two-pot retirement system in September 2024, South Africa stands on the brink of a significant overhaul in retirement savings. Yet, a recent Old Mutual survey reveals a concerning trend: half of the independent financial...
The implementation of the two-pot retirement system edges nearer as the NCOP passed the Pension Funds Amendment Bill on 25 April 2024, incorporating alterations that resolve certain inconsistencies and bringing it one step closer to fruition on September 1st...
Imagine you could boost your retirement savings simply by taking advantage of the gift government gave investors in 2022 when it increased the annual offshore portfolio allowance from 30% to 45%? Iva Madjarova, Head of Institutional Business at Sygnia,...
The Federal Reserve is unlikely to cut rates as previously expected in June and it is now a close call whether it will cut at all in 2024. Heightened risks in the Middle East add a further element of uncertainty. Will the Federal Reserve cut rates this year?...
South African investors have historically been underexposed to global listed infrastructure. However, changes to Regulation 28 of the Pension Funds Act could open the opportunity set for investors seeking to diversify into this unique asset class. The...
Infrastructure investments have grown exponentially over recent years. Currently valued at around US$1 trillion, this amount is expected to grow to over US$1.9 trillion by 2027. The potential growth of this relatively new asset class brings with it...
The highest ever proportion of the world’s population will be experiencing some form of elections in their countries or regions during 2024, with almost half of the planet’s people heading to the polls this year. For global financial markets, this could imply...