Last resort for South Africa’s middle class

[BusinessTech]

Last resort for South Africa’s middle class

South Africa's middle-class households are emerging as the biggest withdrawers of two-pot retirement savings, using it as a last resort to cover basic costs.

 

[qscwbt]

Thank you anc.

 

[Okty]

According to Thys van Zyl, Chief Executive Officer of Everest Advisory Services, the system was designed to strike a balance between short-term financial pressure and long-term retirement planning.

Bollocks! That's the 'face value' reason.

Real reason was so SARS can get some money injection every year from people withdrawing from their pot.

 

[tcofran]

Bollocks! That's the 'face value' reason.

Real reason was so SARS can get some money injection every year from people withdrawing from their pot.

This

 

[FiestaST]