Tag: COVID-19

The currently considered two-pot system to restructure retirement savings to allow for limited pre-retirement withdrawal will encourage the preservation and accumulation of sufficient funds for when people retire.

On the back of COVID-19, and the widespread financial difficulties that many people experienced as a result of two years of lockdowns, some South African employees opted to resign from their jobs in order to access their retirement savings. 

The COVID-19 pandemic shocked the world and left many scrounging for hand sanitiser and toilet paper as shopping aisles stood empty. Similar havoc was wreaked on financial markets as investors abandoned their long-term goals for the immediate emotional comfort on offer by moving either out of financial markets completely or into comparatively ‘safer’ assets.

How do I retire comfortably, and maintain the lifestyle I’ve become accustomed to? That’s the question many of us ask ourselves at some point – and there’s no single right answer. Everyone has their own circumstances and goals.

As more businesses adopt hybrid workplace models and with lockdown levels now reduced, leaders are wrestling with unresolved concerns. Successful hybrid work poses a difficult challenge for leaders. While many of the obstacles of remote working were effectively addressed, four remain that need to be managed to capture the benefits of new ways of working and propel organisations forward.

We oppose various recent government initiatives to prolong COVID-19 lockdown measures. All such measures must be scrapped and a return to the pre-March 2020 legal position must be expedited. South Africans have waited patiently for too long to see constitutional government and their civil liberties restored.

The great resignation, a term coined by psychologist Anthony Klotz, is a post-pandemic movement that saw a wave of resignations take hold across the United States (US) and other parts of the world. In 2021 alone, more than a quarter of America’s total workforce resigned from their jobs.

The market lens for the rest of 2022 will be focused on the impact of political and policy miscalculations. Russia’s President Vladimir Putin has fully miscalculated the West’s response to his invasion of Ukraine. The speed, strength and unity of global sanctions is bringing about economic collapse in his country.

Businesses who still think that brand and customer loyalty are what will keep them ahead of the competition, are in for a nasty surprise. In today’s age of digital transformation and accelerated technological change, customers are looking for exceptional experiences, and are shifting their loyalties to the brands that offer them.

On 4 April 2022, President Cyril Ramaphosa announced that the National State of Disaster would be lifted with effect from 00:00 on 5 April 2022. One of the effects of this is that the Code of Good Practice: Managing Exposure to SARS-COV-2 in the Workplace (Code) became effective on 5 April 2022.