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Here’s how South Africa’s new retirement system could work

30 July 2021 by My Durban

Durban in the News:

Here’s how South Africa’s new retirement system could work: National Treasury is looking at a ‘two-pot system’ for withdrawals from pension funds as part of a proposed change to South Africa’s retirement regulations.

Hit hard by unrest? Government has earmarked R4bn for businesses to rebuild: Trade and industry minister Ebrahim Patel said 10,200 jobs are at risk, with most of the affected businesses being in KwaZulu-Natal. Forty percent of them were uninsured for incidents of violence and …

ANC pleads caution on suspected riot instigators: The party is wary of causing further divisions, saying it will discipline instigators after they are investigated and prosecuted by the state …

NPA says it’s saving evidence against Ngizwe Mchunu for trial: The National Prosecuting Authority (NPA) lost its bid to keep in custody the alleged instigator of the recent anarchy, which left more than 330 people dead in Kwazulu-Natal and Gauteng.

Covid-19: SA records 523 new fatalities as death toll passes 71 000: South Africa recorded 13nbsp751 new confirmed cases of Covid-19 on Thursday523nbspnew deaths have been recorded bringing the offici …

Western Cape Braces For Third Wave: The Western Cape is expected to enter the third wave peak soon. Wits University’s Professor Shabir Madhi says hospital admissions in the province are expected to increase. He says the next two weeks …

Amsa withholds dividend despite swinging to profit: Africa’s biggest steel maker, withheld its interim dividend payout despite swinging to an interim profit and slashing debt during the half year ended June this year.


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Quick Durban KwaZulu-Natal Fact: Mahatma Ghandi, political activist and spiritual leader of the Indian independence movement actually started his political career in Durban when he arrived in 1893.


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Category: NewsTag: Africa's, could, Here's, retirement, South, system, Work

About My Durban

Durban is a major coastal city and the economic hub of the KwaZulu-Natal (KZN) province in eastern South Africa. Governed by the eThekwini Municipality, it is renowned for its busy seaport, tropical climate, diverse cultural influences (African, Indian, and colonial), and the popular “Golden Mile” beachfront promenade, serving as a premier tourism and industrial center.
This author is a catch-all for contributions from individuals and press releases submitted to our MyPR Free Press Release Self Submission Service.

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