Garth Theunissen

Reserve Bank Governor Lesetja Kganyago said unless South Africa innovates to improve its retail payments system it risked falling behind its peers like Brazil and India, which were leading the way in new digital payments

Lee Callakoppen, principal officer of Bonitas Medical Fund, said the increases are necessary to prevent instability as the medical scheme industry continues to grapple with the turbulent conditions that have manifested over the past 12 months.

Old Mutual says the two-pot savings withdrawals it has experienced in the last two weeks are more than double the number of early retirement fund withdrawals it normally processes in an entire year.

Duzi Ndlovu, CEO of Ashburton Investments. (Supplied/Ashburton) Read this for free South Africans need to be in the know if we want to create a prosperous future.

Coronation CEO Anton Pillay said there is an increasing expectation from regulators, asset owners and society for fund managers to meet the 51% black ownership threshold.

SARS says that to date it has received 1 213 646 applications for tax directives for withdrawals from the savings withdrawal benefit of the two-pot system.