The 2023 living annuity statistics, released today by the Association for Savings and Investment South Africa (ASISA), show that South African retirees had R682.2 billion of their retirement savings invested in 535 509 living annuities at the end of 2023.

Standard Bank is accelerating its support for township entrepreneurs to reduce the high failure rate of South Africa’s small, micro and medium-sized enterprises (SMMEs), building on its ongoing commitment to empowering local businesses and fostering sustainable growth.

Jessica Pillay, Financial Adviser at Momentum Financial Planning, explores the hidden yet devastating impact of financial abuse in gender-based violence. It highlights warning signs, practical steps to regain financial independence, and resources to empower women to break free and reclaim control over their lives.

In collaboration with Access Bank and Pick n Pay, the Mama Money Card aims to overcome the challenges faced by millions in the country where there are barriers to conventional banking services.

Haydn Johns, Head of PSG Life and PSG Invest, PSG Wealth, explores creating intergenerational wealth through strategic financial planning. From asset allocation to estate planning, he highlights key steps and considerations to ensure lasting wealth for generations to come.

According to Momentum Financial Adviser Ross McMillan, “Health costs can quickly become burdensome, particularly when unexpected, but with financial preparation, they’re easier to manage. McMillan shares a few critical financial tips that can help men proactively tackle both their health and finances.