This analysis of the two-pot system's impact by Momentum Group provides valuable insights into the current financial landscape in South Africa. The substantial number of withdrawal applications, alongside the rapid processing by Momentum, highlights a significant shift in how individuals are managing their retirement savings in response to immediate financial pressures.

A possible reduction in prime lending rates is expected to be announced by the Reserve Bank tomorrow, and in what is expected to be the first of several decreases, South Africans have a chance to increase savings and strengthen their personal finances, Liberty says.

Old Mutual is proud to announce that Nonhlanhla Nxele, a beneficiary of the Old Mutual Black Distributors Trust (OMBDT), has been awarded the Financial Planning Institute’s (FPI) prestigious ‘It Starts with Me’ award. This is the first time in the history of the FPI, the award has been won by a black woman. Nxele’s win not only represents a victory for black women in the financial industry but also serves as an inspiration to all financial advisers.

In this Q&A Brandon speaks about his future plans and reveals how Liberty’s unique position in the marketplace can help the insurer grow from strength to strength.

While ‘cash is king’ for consumption type purchases, there are many big-ticket items that very few people can afford to buy on a cash basis – a house, car, large appliances, tertiary education and so on. Most people will need a credit facility to be able to afford these purchases. Your credit score and past credit behaviour plays a fundamental role in being able to qualify for such loans and will also define the terms and interest rates you qualify for.

Thomas Berry, Head of Sales: PSG Wealth says, “One of the most enduring gifts we can all pass on is financial wisdom to allow future generations to unlock financial freedom. Instilling financial literacy in the next generation empowers them to build a secure and prosperous future.”