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According to an article recently published in The New York Times, there is a new phenomenon gaining momentum: Disillusioned by the current state of the upside-down world, so-called financial nihilists – or those who believe there is no point in investing for tomorrow – are growing in number.
Millions of South Africans rely on the money saved in their employers’ retirement fund to earn an income in retirement. For many people, this is their only formal savings for retirement. Unfortunately, too often, this money is still not enough to sustain them in retirement.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?