Retirement fund administrators will soon be able to officially implement the two-pot system for their members as President Cyril Ramaphosa signs the Pension Fund Amendment Bill into law.
This means individuals will soon have access to a portion of money in their savings component before retirement for times of financial distress.
A separate portion will be preserved until retirement.
The implementation date for the two-pot system is 01 September 2024.
-eNCA
In other news – Photos: Inside Cassper Nyovest’s date night with his hot wife, Pulane
Well-known South African rapper Cassper Nyovest is trending after he shared photos while taking his ‘hot wife’ on a date. The photos have gained thousands of comments and reactions since they were posted online.
Cassper Nyovest shared the photos on his social media timelines, and Mzansi has given him a nod. The star captioned the now-viral photos, “Date night with my hot wife.” However, little is known about when the two started to date. Read More