COSATU disappointed that some pension funds chose to exploit two-pot system by charging unnecessary fees for withdrawals

Loading player...
GUEST – Matthew Parks - COSATU's parliamentary coordinator,
The Congress of South African Trade Unions (COSATU) said it was disappointing that some pension funds had chosen to exploit the two-pot pension system by imposing unnecessary fees on members.
Since coming into effect earlier this year, the South African Revenue Service (SARS) has received 2.2 million applications for withdrawals worth billions of rands.
25 Nov 2024 12PM English South Africa Business News · Investing

Other recent episodes

ACSA Delivers Double‑Digit Revenue Growth as Travel rebounds

Airports Company South Africa reported 11.6% revenue growth in FY2025/26, driven by rising passenger volumes, improved trading conditions and a strong diversification strategy. ACSA’s CFO Luzuko Mbotya joins Kaya Biz to unpack the financial performance, cost management, infrastructure investment, and the shift toward airports as economic, digital and energy hubs…
9 Sep 1PM 13 min

Tax‑Free Wealth: The Power of TFSAs & ETFs

Many South Africans believe investing requires large sums — but time, consistency and tax‑free compounding matter far more. ETFSA’s Wendy Hlatshwayo explains how Tax‑Free Savings Accounts work, why ETFs are ideal inside them, and how ordinary earners can build long‑term wealth through simple, diversified investing. A practical, jargon‑free guide to…
9 Sep 1PM 16 min

Growthpoint FY’2026 DIPS climbs 4.3% South Africa Portfolio Performance\

Growthpoint Properties delivered a stronger FY26 performance, with distributable income per share up 4.3%, Group LTV down to 38.7%, and total assets rising to R160.1bn. The REIT continues reshaping its SA portfolio — trimming office exposure, expanding logistics, and modernising retail — while the V&A Waterfront delivered standout income growth…
9 Sep 1PM 20 min

GDP Contracts 0.2%: Ninety One on SA’s Growth Pulse

South Africa’s GDP contracted 0.2% in Q2 2026, confirming a weak quarter driven by declines in trade, manufacturing and mining. Ninety One’s Vivienne Taberer joins us to unpack the sector‑level drivers, the agricultural volatility behind forecast differences, and the implications of rising imports and soft investment. She also explains the…
8 Sep 1PM 11 min

Medical Schemes Under Pressure: HFA’s SOMS Report Explained

The Health Funders Association has released its inaugural State of Medical Schemes Report, revealing rising affordability pressures, ageing risk pools, and escalating healthcare costs — but also the immense value medical schemes provide. HFA CEO Thoneshan Naidoo breaks down the data behind catastrophic claims, oncology trends, long hospital stays, and…
8 Sep 1PM 22 min