With July being national savings month in South Africa it’s worth remembering that beyond providing access to retirement savings in cases of emergency, the long-term intention of Two-Pot is to improve the country’s retirement outcomes by keeping South Africans in work and saving more, for longer.

Marking the 10-year anniversary of Discovery Life’s Dollar Life Plan, Discovery Life released its 2024 Dollar Life research paper. The paper highlights how South Africans are increasingly opting for offshore life insurance to hedge against currency volatility and support global lifestyles.

In a collaborative effort to bolster budding women entrepreneurs, the Sanlam Foundation is funding 30 women entrepreneurs as part of the Sanlam Foundation Enterprise and Supplier Development programme, with Black Umbrellas, a partner entity of Cyril Ramaphosa Foundation, as the implementing partner.

Standard Bank refinanced and upsized a GBP150 million multi-currency facility for Motus, aligning with sustainability goals. The facility supports Motus’ international growth, enhancing EBITDA contribution from global operations.

On 11 July, Sanlam revealed critical insights from its seminal Benchmark Research. Given that Two-pot and the NHI are top of mind, the research focuses on healthcare and wealthcare – two levers to address the so-called twin peaks of poverty.

Small businesses in South Africa face high failure rates despite their economic contributions. Key challenges include limited sector knowledge, financial skills gaps, and undervaluing expert advice, according to Vuyelwa Nyakaza of Sukume Consulting.