Two-pot bonanza in South Africa

[Bloomberg]

Two-pot bonanza in South Africa

South African pension funds have paid out R21.4 billion since new rules that allow savers early access to part of their retirement funds came into effect on 1 September.

 

[Bliksis]

Good news for government coffers.

 

[Sideshow Bob]

I expect next article from Dawie tomorrow about 'How SA has run out of money'

 

[Bliksis]

I expect next article from Dawie tomorrow about 'How SA has run out of money'

Posted from his very own DailyInvestor account, which he must be so proud of. I wonder how much they paid him to spunk on his already crotty name like that.

 

[HumanShield]

So time to buy some shares in some retailers. They're about to post some bumper results for this quarter. Take a bit of profit why not.

 

[Polymathic]

So time to buy some shares in some retailers. They're about to post some bumper results for this quarter. Take a bit of profit why not.

They not dipping into their retirement for groceries... Well not yet.

 

[epah]

They not dipping into their retirement for groceries... Well not yet.

Yap, all going to end up in bottle stores.

 

[HumanShield]

They not dipping into their retirement for groceries... Well not yet.

Clothing is a good bet. But doesn't mean they're not spending it on groceries. It'll allow for a little more disposable income. So groceries would get a bit of it indirectly. But clothing could is a good bet.
If you watch shows like "I blew it" the first thing that's usually mentioned in no particular order is clothing, alcohol and cars.