One out of two employed Namibians say they their savings will only last them three months in the event they lose their jobs. This is most common among...
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- CAPETOWNETC.COM - A La Une - 10/Aug 12:00
SA’s retirement crisis: Early withdrawals erode savings
South Africans are increasingly tapping into their retirement savings early, risking financial insecurity in their later years, warns Old Mutual. The country’s revised two-part retirement system, introduced in September 2023, permits limited pre-retirement withdrawals, but experts say it’s being misused, with dire long-term consequences. According to Old Mutual’s head of financial education, John Manyike, and reports from TimesLive there has...
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