In a survey that garnered the responses of over 16 000 clients and brokers within South Africa’s industry-leading brokerage firms, PSG Wealth was named this year’s Top Securities Broker of the Year: Large Institutions at Krutham’s Top Securities Brokers Awards.

Tebogo Marite, communications specialist at Allan Gray, discusses why building up an emergency fund should be prioritised even though the two-pot retirement system allows some access to retirement savings.

Consumer Financial Education expert Tshego Bokaba highlights five major money mistakes celebrities have made and what we can learn from them. Bokaba also stresses the importance of estate planning, legal compliance, personal security, budgeting, and understanding tax responsibilities to avoid similar pitfalls.

Discovery Corporate and Employee Benefits revealed that debt repayment and home or car expenses are the top reasons for withdrawals under the new Two-Pot system. Claimants used a user-friendly WhatsApp channel, and 22% of eligible members withdrew funds in September 2024.

With Heritage Month in full swing, South Africans are reminded of the importance of legacy, not only in culture but also in business. Family-run enterprises like Pietermaritzburg-based Capital Security exemplify how these businesses build lasting legacies through resilience, innovation, and strong family ties.

This analysis of the two-pot system's impact by Momentum Group provides valuable insights into the current financial landscape in South Africa. The substantial number of withdrawal applications, alongside the rapid processing by Momentum, highlights a significant shift in how individuals are managing their retirement savings in response to immediate financial pressures.