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Besides the tax incentives, saving in an RA can help ensure you have enough money to retire on - more than 70% of South Africans worry that they will not have enough, according to recent Retirement Reality survey by 10X Investments. "Its simplicity overshadows its power and impact," he says adding that the absence of a budget is often why people don’t stick to a long-term investment strategy and dip into their savings. Wouter Fourie, an independent financial planner and director of Ascor, says you cannot afford not to save for retirement - it is your own future you are investing in.
Contributing to an RA provides the discipline of saving regularly and provides a massive tax benefit, Fourie says.
_Business Is our money safe in South Africa should actually be the question. I've worked construction for many many years. In 2020 I was retrenched when the China virus broke loose. Claimed My Provident fund, what I contributed compared to what I got out was a only a fraction.
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EXPLAINER | Where are the critical raw materials needed for the green transition? | BusinessRaw materials are present in the ground all over the world but some are more common in certain areas than others. A total of 9% of the global supply share is from South Africa. | News24_Business _Business Yet our communities don't c the benefits of it _Business And the citizens don’t benefit from the minerals. We don’t have leadership. _Business Yet majority of our people are in poverty
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EU agrees deal to reduce 2030 energy consumption | BusinessEU countries agreed a deal with the European Parliament to cut projected energy consumption by 2030, part of the a green push made more urgent by Russia's war on Ukraine. | News24_Business _Business Interesting documents: _Business And the theatre carries on and on and on. Its becoming fanatical like a cult and the sheep just follow.
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Eskom chair says it will take 18 months to two years to fix load shedding | BusinessEskom board chairperson Mpho Makwana says it will take 18 months to two years to fix load shedding, but there is no 'shortcut', and South Africans need to play a role in terms of reducing demand. | News24_Business _Business That's what they said 5 years ago... _Business No _Business Yes we were told that 2 years ago
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EFF Shutdown: It 'will be business as usual', warns Cape Town MayorCity of Cape Town Mayor, Geordin Hill-Lewis, took to Twitter on Friday to warn EFF, which plans to hold a national shutdown on 20 March, that the Mother City 'will be open for business as usual' and no violence will be tolerated:
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