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

From Self‑Worth to Net‑Worth: Khensani Nobanda on Redefining Success

As part of Kaya Biz’s Women’s Month coverage, Nedbank Group CMO Khensani Nobanda joins the show to unpack how South African women can redefine wealth, worth and success on their own terms. From confidence and courage to nonconformity, leadership and financial empowerment, Khensani shares the mindset shifts and practical steps…
11 Aug 1PM 27 min

Preparing Youth for an Economy That’s Already Changed

With youth unemployment rising to 47.4%, JASA’s Executive Director Nelo Spies joins Kaya Biz to discuss why South Africa is preparing young people for an economy that no longer exists — and what practical interventions can shift the needle. From entrepreneurial thinking to digital capability, informal‑economy pathways and corporate partnerships,…
11 Aug 1PM 16 min

Inside the QLFS: What SA’s Rising Unemployment Really Means

South Africa’s unemployment rate climbed to 33.6% in Q2 2026, with 345,000 more people unemployed and youth unemployment rising to 47.4%. Statistician‑General Risenga Maluleke joins Kaya Biz to unpack the latest QLFS results — sector trends, provincial shifts, discouraged job‑seekers, and what these numbers mean for households, policymakers and the…
11 Aug 12PM 20 min

How Women Power Africa's Economies

Across Africa, women are the backbone of informal trade, micro-entrepreneurship and community-based commerce. They run cross-border businesses, drive household economies, and power the continent’s most resilient markets. Yet millions remain ‘credit invisible’. Tonight, as part of our Women’s Month coverage, we speak to someone who is working to change that…
10 Aug 1PM 14 min