Репост из: South Africa Reports
💰 South Africans Pull $2.8 Billion From Pensions, Beating Estimate
South Africans have withdrawn 49.6 billion rand ($2.8 billion) from retirement funds since new laws came into effect three months ago giving them early access to part of their savings.
The figure is almost double the amount the National Treasury forecast savers would tap after the implementation of a so-called two-pot pension system on Sept. 1. South Africa’s central bank has said that a high-withdrawal scenario may help boost the country’s economic growth rate by as much as 0.3 percentage points this year.
https://www.moneyweb.co.za/news/south-africa/over-r49-5bn-in-two-pot-withdrawals-says-the-taxman/
South Africans have withdrawn 49.6 billion rand ($2.8 billion) from retirement funds since new laws came into effect three months ago giving them early access to part of their savings.
The figure is almost double the amount the National Treasury forecast savers would tap after the implementation of a so-called two-pot pension system on Sept. 1. South Africa’s central bank has said that a high-withdrawal scenario may help boost the country’s economic growth rate by as much as 0.3 percentage points this year.
https://www.moneyweb.co.za/news/south-africa/over-r49-5bn-in-two-pot-withdrawals-says-the-taxman/