Morning Shot: Would You Give Your PENSION To The ANC?

CommonSense

CommonSense

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Spliffcat said:
Chat to the boss, resign, get your pension off shore. Get re-employed.
Profit.
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Not if your skin colour are of the wrong demographic for that job.
Then getting a job will be nigh impossible.
The people who are close to retirement, but not quite at that age where they can retire is going to have a huge problem.
 
ToxicBunny

ToxicBunny

Oi! Leave me out of this...
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Alan said:
The sad irony is many who now say no would have happily handed it over to the ANC during their first few years in power.
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I doubt it... in the first few years in power, many people would have the prescribed assets crap from the Nats front and centre and wouldn't have trust a government of any kind to look after their pensions.
 
P

Paul_S

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5,550
CommonSense said:
Not if your skin colour are of the wrong demographic for that job.
Then getting a job will be nigh impossible.
The people who are close to retirement, but not quite at that age where they can retire is going to have a huge problem.
Click to expand...

Anyone over the age of 40 who is not already making alternate retirement plans is going to have a problem. It takes at least 30 years of good compound growth to build up a retirement fund. We're probably going to see 10 to 20 years of low growth with the ANC at the helm.
Even if things do go well, if the local economy fails just before retirement there goes 70% of your retirement fund which has to be invested locally according to regulation 28.
 
VooDooC

VooDooC

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I wouldn't even piss on them if they were on fire, let alone give them my pension willingly.
 
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