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The impact of retirement reform in South Africa

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Changes to retirement benefits for provident fund members, initially meant to come in five years ago and now scheduled for next March, will see tax uniformity for all who contribute towards retirement. These changes, in terms of the Taxation Laws Amendment Act, will also encourage greater savings, something South Africa desperately needs as it seeks to crawl its way out of an economic hole.

Women must be financially independent to be fully empowered

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Research shows that COVID-19 has caused women greater economic hardship than men. Women’s month is an opportunity to address larger societal issues such as equality, poverty and income security. Women must be financially independent to be fully empowered.

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