40-to-49-year age group leading in 2-pot withdrawals.

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GUEST - Dumo Mbethe, CEO of Momentum Corporate

By 16 September, the Momentum Group received 112 449 two-pot withdrawal applications to a cumulative value of R1.7 billion. The Group had paid 81% of all withdrawal applications and this percentage is rising steadily.

Momentum says of the key trends observed since the two-pot launch is the age distribution of applicants. Initially, most requests came from the 40-to-49-year age group, which made up almost 40% of applications.

26 Sep 2024 10AM English South Africa Business News · Investing

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