Instead of focusing on rebuilding the country after years of state capture, we were distracted by a sideshow, writes Mandy Wiener.
Mostly sunny. Mild.
Here’s the rider in the plan Ramaphosa will have to explain to the nation if he pushes it through: no Eskom employee may be retrenched. Eskom has 46 000 employees and an annual salary bill of R30bn, writes Adriaan Basson.
A campaign to reclaim billions of rands in unclaimed benefits is about to kick into high gear. The Unclaimed Benefits Committee, representing a group of claimants, and NPO Open Secrets, are planning to lobby Parliament.
The assets of cancelled and dormant funds were often moved into unclaimed benefits funds held by the fund administrator. Since 2008, the assets of these UBFs have increased from R450m to over R8bn, says a new report.
The Government Employee Pension Fund currently has R50.6bn invested in unlisted domestic equities, compared to R970bn in listed equities.
Average SA take-home salaries increased by 4.7% in real terms in August on a year-on-year basis.
The World Bank has proposed a contributory pension fund, as a way to redistribute wealth and help SA's poor acquire financial assets.
While the number of private pensioners in SA grows, the total pensionable population is growing faster, according to economist Mike Schüssler.
There are demands for transparency amid evidence that the PIC may have invested billions of rand of workers’ money into assets that may have had a political motive, says Terry Bell.
Concerns that politicians view the Public Investment Corporation as a cash cow will loom large over discussions to establish an overarching pension fund for South Africa.
Retired investors commonly face the dilemma of either maintaining a certain lifestyle or adjusting it in order to preserve their savings.
The utility has a debt burden of R450bn
Hyperinflation wiped out pensions a decade ago, but this time around, savers and fund managers are getting savvier.
The provider of a common payment platform used by banks to pay out pensions is demanding to be paid in foreign currency.
Take home pay would have increased a lot more in real terms if it was not for so-called "bracket creep" due to taxation, economist Mike Schüssler tells Fin24.
Real take-home pay increased between June and July, according to the latest BankservAfrica Take-home Pay Index.
South Africans' take-home pay has increased above inflation, while privately banked pensions increased by 5%, according to the BankservAfrica Take-Home Pay Index.
Consumers who reduce their savings by as little as R100 per month due to the impact of the 1 percentage point VAT increase, are effectively robbing themselves, says an expert.
Disposable salaries have beaten inflation since March, a sign that SA consumers are slowly recovering, shows the latest BankservAfrica Disposable Salary Index.
Average real disposable salaries in SA remain below their previous high in October 2015, according to the latest BankservAfrica Disposable Salaries Index.
The average disposable salary is still below the average take-home pay levels of the end of 2015 and beginning of 2016, according to a BankservAfrica index.
Atlantic SeaboardShimansky Jewellers
Cape WinelandsO'Dwyer Personnel
R 3 900 000
Apartments / Flats
R 1 050 000
R 4 695 000
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