Business 22.11.2017 02:16 pm

‘Crisis of unsustainable retirement income visible within next decade’

Analysis shows what living annuity policyholders are likely facing.

The issue of unsustainable retirement income – where pensioners see their real income levels erode and eventually run out of money – is expected to reach crisis levels over the next decade.

‘Crisis of unsustainable retirement income visible within next decade’
‘Crisis of unsustainable retirement income visible within next decade’

‘Crisis of unsustainable retirement income visible within next decade’

Analysis shows what living annuity policyholders are likely facing.

Eskom lowers tariff application
Business

Eskom lowers tariff application

Proposes phasing in of further R66bn RCAs.
Sassa officials may face sanctions for social grants crisis
Business

Sassa officials may face sanctions for social grants crisis

The panel of experts and Auditor-General calls for a National Treasury probe into the conduct of officials. Transgressors might face fines or imprisonment.
SA’s annual consumer inflation slows in October – Stats SA
Business

SA’s annual consumer inflation slows in October – Stats SA

Stats SA said consumer prices increased by 0.3 percent in October from their levels in September.
SA’s smartphone sales rise 28 percent as prices fall
Business

SA’s smartphone sales rise 28 percent as prices fall

GfK data shows that there are now almost three times as many smartphones in South Africa than there are television sets. 
Smaller fund managers making big gains
Business

Smaller fund managers making big gains

Boutique firms are changing the nature of the market.
Is Mr Price getting its mojo back?
Business

Is Mr Price getting its mojo back?

The retailer’s recovery over its fashion faux pas moments appears to be gaining momentum.
How does Treasury get growth forecasts so wrong?
Business

How does Treasury get growth forecasts so wrong?

GDP numbers have been hopelessly optimistic for much of the last decade.
BLSA reveals business contribution of R1.9 trillion to GDP
Business

BLSA reveals business contribution of R1.9 trillion to GDP

The report done by economic consultancy firm, Quantec Research, showed that BLSA members employed 1.29 million people.
Harmony Gold worker killed at Masimong mine in Free State
Business

Harmony Gold worker killed at Masimong mine in Free State

A Harmony Gold worker was killed over the weekend after a fall of ground at its Masimong mine in Welkom, the bullion producer said on Monday.
Government-backed loans the ‘most workable’ solution to fund tertiary education
Business

Government-backed loans the ‘most workable’ solution to fund tertiary education

As this model comes under increasing criticism, Professor Lorenzo Fioramonti said this model has the potential to solve SA’s funding crisis and create job opportunities.
Class action planned against holiday clubs
Business

Class action planned against holiday clubs

Lawyer believes that all of the timeshare contracts she has seen are unlawful.
How to retire comfortably
Business

How to retire comfortably

For many retirees, a replacement ratio of less than 10% would be equal to a pension of less than R2 000 per month.
Eskom tariff increase could cost us R1bn – Sibanye
Business

Eskom tariff increase could cost us R1bn – Sibanye

If Eskom’s application is granted, bulk tariffs to municipalities would increase by 27.3%.
Eskom adopts plan to rebuild company’s integrity
Business

Eskom adopts plan to rebuild company’s integrity

Eskom is also terminating all irregular supplier contracts and work. 
Investment positioning ahead of the ANC conference
Business

Investment positioning ahead of the ANC conference

Three possible outcomes from the crucial conference, their economic impact and how to plan for the most likely outcome.
Sappi records FY17 gains on demand for pulp and packaging businesses
Business

Sappi records FY17 gains on demand for pulp and packaging businesses

Sappi chief executive Steve Binnie says the company remains well on track to achieve its Vision2020 targets.
Coega in E Cape recognised as finalist at SA National Business Awards
Business

Coega in E Cape recognised as finalist at SA National Business Awards

The prestigious awards, also known as the Oscars of South African business, will be held on Thursday at Emperors Palace in Johannesburg.
The greatest threat to social stability
Business News

The greatest threat to social stability

Grant payments should be declared a national priority before it becomes a national disaster.
What the hijacking of Treasury means for the economy
Business News

What the hijacking of Treasury means for the economy

Firstly, it increases the chances of a downgrade of the country’s debt that’s held in local currency.
How Africa can negotiate an effective continental free trade area agreement
Business News

How Africa can negotiate an effective continental free trade area agreement

Large markets are job-creating as they support more trade in goods, services and assets.
Concern about president’s ‘unfettered discretion’ to appoint Sars head
Business News

Concern about president’s ‘unfettered discretion’ to appoint Sars head

Davis Tax Committee recommends alternatives to ensure accountability, transparency.
Treasury confirms its budget chief’s resignation
Business

Treasury confirms its budget chief’s resignation

National Treasury has confirmed the resignation of its veteran budget office head, Michael Sachs.
Why it’s time competition law was applied to sport in SA
Business News

Why it’s time competition law was applied to sport in SA

It’s beyond doubt that the contribution of sport as a sector to the country’s economy has increased over the past decade.
SA and DRC agree to remove trade obstacles
Business News

SA and DRC agree to remove trade obstacles

Maswanganye says it is important for both countries to work towards ‘harmonising the climate of doing business’.

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