Finance Minister Enoch Godongwana Warns Against Premature Two Pot Savings Withdrawals

Finance Minister Enoch Godongwana gave citizens advice about how to use their money wisely ahead of the new retirement system

South Africans aren't pleased with Gondongwana's warning and have vowed to spend their money as they wish to do soBriefly News journalist Byron Pillay has spent a decade reporting on the South African political landscape, crime and social issues. South Africans aren't happy with Finance Minister Enoch Godongwana after he warned them against withdrawing their savings once the new two-pot retirement system takes effect. Image: Dwayne Senior"Retirement isn't guaranteed": SA after man complains about huge tax on R30k 2-pot withdrawalThe system, which takes effect on September 1, will mean that South Africans can no longer access the entire portion of their retirement savings as they wish.

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