Why making early withdrawals from your investment policies is a bad idea
Old Mutual’s Rose Khutlang explains why South Africans should avoid making early withdrawals from their endowment/investment policies.
Business
SIU obtains R42m preservation order against businessman Hamilton Ndlovu
The Special Tribunal has granted SIU and NHLS an order preserving R42 million worth of luxury properties and funds linked to Hamilton Ndlovu.
No more bailouts to loss-making SOEs, govt vows
Loss-making SOEs will no longer receive bailouts from the government, Department of Public Enterprises Director-General Dr Kgathatso Tlhakudi has vowed.
New name, new offerings: What to expect from newly launched Momentum Insure
Momentum Insurance and Momentum Short-term Insurance have successfully been merged into Momentum Insure. Here’s what to expect.
Grant funding available for positive parenting ventures in South Africa: Details
Innovation Edge has announced grant funding to support positive parenting initiatives in South Africa. Here are the details.
Shoprite’s Money Market Account launches instant EFT payments: Details
Shoprite has launched a new instant electronic funds transfer (EFT) payment service via its Money Market Account.
FNB launches collective home loan applications of up to 12 people
FNB has launched collective home loan applications whereby up to 12 people can be included in a single application.
Uber is expanding to these 21 cities and towns in South Africa
E-hailing transport service Uber has announced a big expansion into 21 smaller cities and towns across South Africa – here are the details.
COVID-19: FSCA slams insurance firms for ‘high premium increases’ on funeral policies
Financial Sector Conduct Authority expresses concern about “high premium increases” implemented by insurance companies on funeral policies.
Pre-retirement withdrawals from pension funds for emergencies only possible in 2022 – Treasury
Limited pre-retirement withdrawals from pension funds for emergencies may only be allowed in 2022 after the law has been changed, the National Treasury has said.