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Approximately R60 billion has been withdrawn since South Africa’s new two-pot retirement fund system was implemented a year ago.
Financial services companies braced for a surge in withdrawals from individuals seeking financial relief when the two-pot retirement system was implemented a year ago.
Since its introduction on 1 September 2024, the two-pot retirement system has reshaped South Africa’s retirement savings by offering a balance between long-term goals and short-term financial needs.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?