JOHANNESBURG - Since its rollout on 1 September last year, South Africa’s two-pot retirement system has transformed how individuals save for the future offering much-needed flexibility for today’s financial pressures.
There have been more than 650 000 claims worth R9.5 billion processed in the first year alone across Alexforbes members.
But with rising withdrawals, questions around long-term sustainability have taken centre stage.
Is the system striking the right balance?
Vickie Lange the Head of Corporate Best Practice at Alexforbes discussed this with eNCA.