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For a country always in need of cheering up, last week’s news of better-than-expected economic growth was most welcome.
South Africa’s retirement outcomes will improve radically if all retirement funding contributions are kept invested when fund members change jobs. Other quick wins include increasing the minimum government pension; delaying the government retirement age beyond 60 years; and refocusing the industry from saving a lump sum at retirement to providing a sustainable income in retirement.
Investors wanting to invest in Section 12J still have until 30 June to invest before Treasury’s sunset clause on this South African tax incentive takes effect. This is what you need to know before investing in Section 12J for the last time.
While popular wisdom holds that passive investment strategies will always be better than an active strategy, this will not always be the case, particularly at market inflection points like the one that potentially lies ahead.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?