Double blow for pension fund members in South Africa
Ninety One says that retirement fund members who have withdrawn from their two-pot funds since the start of the month will be dealt a double blow.
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Ninety One says that retirement fund members who have withdrawn from their two-pot funds since the start of the month will be dealt a double blow.
South Africans can anticipate salary increases in 2026, with more companies shifting to added benefits over massive hikes.
South Africa currently has eight dollar billionaires ranked among the world’s richest people at the start of 2026, with a combined net worth of R715 billion.
The man who took a chance on a failing French kitchenware brand has been added among South Africa’s dollar-billionaires.
The combined net worth of seven of South Africa’s wealthiest individuals stood at $41 billion (R687.5 billion) at the end of 2025.
South African billionaire and media magnate Koos Bekker has sold almost R2.5 billion worth of Naspers and Prosus shares over the past week or so.
In today’s demanding world of wealth management, tax optimization, and succession planning, high-net-worth individuals, corporations, and multinational organizations continually seek effective and secure ways to protect, manage, and expand their assets globally.
Stats SA’s latest quarterly employment survey shows that the average monthly salary in South Africa increased to R29,490 in the third quarter of the year.
Henry and Patricia Devine bought Jet Master for R15,000. It was an incredible investment. It won numerous races and earned millions for its owners.
Rich South Africans are increasingly taking their money outside the country to protect their wealth and to pay less tax.