COSATU disappointed that some pension funds chose to exploit two-pot system by charging unnecessary fees for withdrawals

--:--

GUEST – Matthew Parks - COSATU's parliamentary coordinator,
The Congress of South African Trade Unions (COSATU) said it was disappointing that some pension funds had chosen to exploit the two-pot pension system by imposing unnecessary fees on members.
Since coming into effect earlier this year, the South African Revenue Service (SARS) has received 2.2 million applications for withdrawals worth billions of rands.

25 Nov 12PM English South Africa Business News · Investing

Other recent episodes

Year-end functions: The fine line between work and play.

GUEST - Kagiso Lebethe - Senior Employee Relations Specialist Year-end functions are a staple in many workplaces, a time to celebrate achievements and unwind with colleagues. However, these festive occasions can sometimes turn sour, leading to incidents of misconduct that can have serious consequences for both employees and employers. Joining…

25 Nov 11AM 18 min

South African alcohol insights reveal distinct preferences and celebratory trends.

GUEST – Andrew Fulton, Director at Eighty20. The latest Eighty20 data shows that half of South African adults consumed alcohol in the past month, with beer the top choice, particularly among men (72% of weekly beer consumers are male). But there has also been a notable rise in non-alcoholic beverage…

25 Nov 11AM 10 min

Barloworld pays dividend despite earnings drop

GUEST – Dominic Sewela – Barloworld CEO Key financial update: Revenue declined by 7% to R41.9 billion Earnings before interest, tax, depreciation and amortisation (EBITDA) declined by 7% to R5.1 billion EBITDA margin maintained at 12.2% Gross debt reduced by 29% to R7.9 billion UK pension fund derisked and defined…

25 Nov 11AM 14 min

Boxer is set to list on the JSE with a market cap higher than Pick n Pay.

GUEST – Finance Ghost – Retail analyst. How is Boxer more valuable than Pick n Pay - what are the key factors driving this premium valuation? Is it solely due to its strong growth prospects, or are there other underlying factors contributing to this?

25 Nov 11AM 12 min

Tech NPO has empowered over 80,000 girls and women through GirlCode since 2014

GUEST: Zandile Mkwanazi, the Founder and CEO of GirlCode Zandile Mkwanazi may have established her non-profit, GirlCode, somewhat by chance, but it was her innate drive to see more women in software development positions that helped the initiative to flourish. With Mkwanazi and her team of equally passionate tech-forward women…

21 Nov 1PM 22 min

All episodes