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pension fund actlatest news & developments
Enabling: Amendments to the Pension Fund Act proposed by Dion George would give members another option of how to manage their finances in times of crisis. The Act allows the use of savings, but only for immovable property. Photo: ER Lombard/Gallo Images
10X INVESTMENTS

Beware the pension fund loan proposal

Industry professionals warn that, although well intentioned, the Bill to enable fund holders to get some of their savings before retiring can do harm

  • Thando Maeko
4 min read
Stop gap: Martin Kingston of Business for South Africa, backs the effective but safe use of retirement funds and savings. (Paul Botes/M&G)
AFRICAN NATIO

All agree: Use pension funds

The state wants to increase spending on infrastructure to drive economic recovery, and South Africans’ savings could help foot the bill

  • Thando Maeko
5 min read