What does Regulation 28 mean for my retirement savings?

Investors saving towards retirement, or anyone with a retirement annuity, will have seen and heard references to “Regulation 28.” This regulation is part of the Pension Funds Act. Its purpose is to protect individuals’ retirement savings through responsible fund management. These regulations aim to protect investors from poorly – or worse, recklessly – managed retirement…

Details

Ecsponent announces enhancements to its Equity Holdings portfolio in a series of transactions to the value of R740 million

23 May 2018 – Ecsponent Limited today announced a transaction that will expand its capability to stimulate the growth of South Africa’s small and medium enterprises (SME) sector. It is proposing an investment of up to R400 million into venture capital company (VCC), Capitis Equity Proprietary Limited (Capitis). The transaction is intended to be effective…

Details

Employee retirement benefits demystified – what employers must know

Different types of investments available to employers who wish to offer their staff retirement benefits What are employee benefits? Employee benefits are optional, non-financial compensation employers offer to staff in addition to their normal wages or salaries. These types of benefits may include group insurance (health, life, funeral etc.), disability income protection, retirement benefits, day-care,…

Details