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A further strain on the consumer has almost been averted following the announcement of the intervention by the Department of Energy to limit the fuel increase to only five cents per litre to cover the costs of wage increases of frontline staff at service stations. Otherwise, there was no fuel increase.
Since June 2016, the world has been plunged into an environment where there is significant political uncertainty and changes. In June 2016, the UK voted that they want to leave the European Union and in January 2017, the US elected Donald Trump as President.
While the average South African household finds itself in financial distress, it is not all doom and gloom.
South Africa is entering a very interesting period. This is being driven by the fact that the economy is gaining momentum following the election of Cyril Ramaphosa as the leader of the African National Congress (ANC) and then later as the State President.
What can retirement funds do to improve client-adviser engagement during members’ employment years?