The two-pot retirement system will be implemented on Sunday. Will it give the economy a boost and help South Africans to preserve their retirement savings, or will it lead to notable withdrawals that can hurt the liquidity and depth of local capital markets?
Ayan Ghosh, head of Cross-Asset Investment Strategy at Investec, said while the two-pot retirement system is largely lauded as a progressive regulatory reform that will benefit savers and the broader financial services sector in the long term, it will have far-reaching implications.
"Pension entitlements among South African households expressed as a share of nominal gross domestic product [GDP] is one of the largest across emerging markets, averaging 120% between 2018 and 2022," said Ghosh.
"Research suggests consumers will use capital from the two-pot system to reduce debt and fund living expenses."
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Writing on the wall for O'Shea
Approaching the halfway point of the season, UAE champion jockey Tadhg O'Shea is facing a tough battle in his bid for a 13th title.
Early selections for Sha Tin Sunday
Luke Middlebrook's tips and race-by-race preview from Idol Horse for Sha Tin's Sunday racemeeting.
Greaterix to finally have his day
QUALITY: THREE OUTSTANDING FEATURES ADDED TO MAKE A GREAT TURFFONTEIN CARD
Luna Halo to keep bracelet at home
The Lady's Bracelet has always been one of the popular events on the Fairview calendar and has won by some decent runners.
Buyer splashes out R24m for Tokyo new year tuna
The top bidder at a Tokyo fish market said they paid $1.3 million (about R24 million) for a tuna on Sunday, the second highest price ever paid at an annual prestigious new year auction.
Ten Commandments tablet sells for R94m
BIBLICAL: HIGH FIGURE NOTCHED DESPITE DOUBTS OVER AUTHENTICITY
PVA Revved Up and Rearing to Go
Park Village Auctions (PVA) is starting 2025 in full throttle with back-to-back Absa repossessed vehicle auctions next Wednesday and Thursday.
MI GOODNESS
Potgieter shines with the ball and Brevis with the bat in opening match in Gqeberha.
Chiefs have plenty to 'fix'
Nasreddine Nabi (below) has admitted Kaizer Chiefs are not where he wants them to be \"in some areas\" after his first five months in charge at Naturena.
Jose left at a loss for words
Orlando Pirates coach Jose Riveiro (above) battled to explain how his dominant side lost the Betway Premiership match against Cape Town City.
