Other than compulsory savings products, what are my investment options?

When considering investment vehicles or products to utilise for various savings goals, there are a quite a number of choices.

If you are overweight in your retirement savings, you may not always have access to capital should an emergency arise or the ability to substitute your drawings from a living annuity once you reached the 17.5% drawdown rate cap. Even if you do have access to your retirement savings in certain circumstances like when you move between jobs, it’s rarely a good idea to make a withdrawal at that time.

Tax-free savings accounts are also a great option for long-term discretionary investments, but you are limited to contributions of R36 000 per year. Although you may access these funds at any time, you will lose the long-term tax benefits if you do so.Different administrative platforms have different names for these – unit trust, investment plan, investment portfolio, etc.

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What's on the Agenda and Who's Coming to the U.S-Africa Summit?American officials making preparations for the second U.S.-Africa Leaders Summit in Washington DC are expecting a large influx of African government officials as well as business and civil society representatives for the three-day event from December 13 to 15. "We're nearing 45 RSVPs for heads of state or heads of delegation," said Dana Banks, Senior Advisor for the Summit at the White House, in an interview with AllAfrica. The agenda incoporates a broad range of topics affecting the relationship between the United States and countries on the African continent. The invitations from President Biden were sent to 49 members of the African Union and to the AU Commission Chair. Corporate CEOs as well as leaders from NGOs and major foundations are also taking part.
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