Saturday Star

Godongwana proposes new date for two-pot retirement system

Finance Minister Enoch Godongwana, in a letter, proposed that Parliament extend the date of implementation of the two-pot system from March 1, to September 1, 2024.

The new proposed two-pot system intends allowing members of retirement schemes the flexibility to access one-third of their savings before retirement while keeping the other two-thirds for retirement.

In a letter that was read out to the finance committee, Godongwana raised concerns about the March 1,

You’re reading a preview, subscribe to read more.

More from Saturday Star

Saturday Star2 min read
Mean Girl Khanya Defends Behaviour On ‘The Ultimatum: South Africa’
After her jaw-dropping behaviour on The Ultimatum: South Africa, mean girl Khanya Nqolase has spoken out about the experience on the reality TV show, saying it was daunting for her and all the other cast members. Khanya, who has been trending after
Saturday Star2 min read
K9 Heroes To The Rescue
The police’s search-and-rescue K9 deployments include nearly 10 life- saving operations, from the 2010 earthquake in Haiti to the 2019 cyclone in Zimbabwe to a missing persons case in the Seychelles and the 2023 earthquake in Türkiye. The SAPS K9 uni
Saturday Star1 min read
2023: Hottest Summer In 2 000 Years
The intense northern hemisphere summer heat, which drove wildfires across the Mediterranean, buckled roads in Texas and strained power grids in China last year, made it not just the warmest summer on record but the warmest in some 2 000 years, new r

Related Books & Audiobooks