Sanisha Packirisamy, Chief Economist at Momentum Investments Group shares five of the fiscal pressure points that she expects the medium-term budget policy statement (MTBPS), to be tabled on 30 October 2024 by Finance Minister Enoch Godongwana, to focus on.

Since coming into effect on 1 September, the ‘two-pot’ retirement system has seen a total gross lump sum of R21.4 billion paid out to taxpayers, thus far according to SARS. However, any savings withdrawn from retirement savings must be declared to the SARS as gross income and taxed accordingly – highlighting the importance of understanding the tax implications before deciding to withdraw from your retirement annuity, or your pension or provident fund.

During Mental Health Awareness Month, Ross McMillan from Momentum Financial Planning emphasises that taking proactive steps to enhance our financial security is a crucial first step toward improving mental well-being and regaining a sense of control.

As the dust settles on the implementation of new retirement legislation, Linda Kleynscheldt, Head of Actuarial and Product, PSG Wealth unpacks why having a quality financial adviser will help retirement savers make the most of what is a complex set of new rules.

Considering World Mental Health Day on 10 October, Joel Andrews, Regional Investment Manager at Business Partners International shares six key strategies that South African entrepreneurs can use to safeguard their well-being while managing their businesses

Stress, anxiety, and depression are taking a heavy toll on South Africans. According to Liberty’s 2023 claim statistics, mental health challenges are emerging as a health risk and in light of this, the insurer is encouraging South Africans to prioritise their mental wellbeing and to seek the necessary help when faced with life changing events.