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Daily news update: Here's why Electoral Court overturned IEC's decision | Eskom predicts stage 2 load shedding over winter | Two-pot retirement system

Headlines you may have missed: Here’s why Electoral Court overturned IEC’s decision, Eskom predicts stage 2 load shedding over winter, Two-pot retirement system

Daveyton , Gauteng , South-africa , Soweto , Free-state , Tembisa , Standerton , Mpumalanga , South-africans , Matome-chiloane , Thabo-mbeki , Volksblad-mlungisi-louw

Pension Funds Amendment Bill unanimously supported by parties in NCOP

The objective of the Pension Funds Amendment Bill is to amend the Pension Funds Act and other related legislation to allow retirement funds to implement amendments to the Income Tax Act.

South-africa , South-africans , Mmamora-mamaregane , National-treasury , National-council-of-provinces , Public-enterprises , National-council , Pension-funds-amendment-bill , Pension-funds-act , Income-tax ,

Two-pot retirement system: NCOP passes Pension Funds Amendment Bill

The finance minister introduced the Bill that will establish the two-pot retirement system during his Budget speech in February.

South-africa , South-africans , Ronald-king , Michelle-acton , Financial-services-conduct-authority , National-assembly , Financial-sector-conduct-authority , Pension-funds-amendment-bill , Pension-funds-act , Revenue-laws-amendment-bill , Post-office , Old-mutual

Sabinet Discover: Enabling Deep Dives into SoNA 2024 Outcomes

Sabinet Discover: Enabling Deep Dives into SoNA 2024 Outcomes
polity.org.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from polity.org.za Daily Mail and Mail on Sunday newspapers.

South-africa , Free-state , African-airways , National-lotteries-commission , National-prosecuting-authority , National-state-enterprises , Customised-monitoring-services , African-parliament , Public-service-amendment , Bill-tracker , Parliamentary-documents

Transition to two-pot retirement system faces administrative hurdles

A big issue is that retirement fund administrators are required to draw up draft rules for the new system.

South-africa , Fiona-rollason , Enoch-godongwana , Financial-sector-conduct-authority , National-assembly , National-treasury , Revenue-laws-amendment-bill , Pension-funds-amendment-bill , Minister-enoch-godongwana ,

NCOP programmes committee sets date for further consideration of Pension Funds Amendment Bill

Parliament is in a rush to adopt several pieces of legislation including the Pension Funds Amendment Bill, which will allow for early access to pension funds.

Enoch-gondongwana , Modibedi-phindela , National-assembly , National-council-of-provinces , Telecommunications-pension-funds , Pension-funds-amendment-bill , National-council , Government-employees ,

Parly unanimously endorses new bill allowing pension fund holders to withdraw savings early

Opposition parties in Parliament have cautioned that while pension fund reform is necessary, the amendment bill could result in workers retiring poor from regular withdrawals.

South-africa , South-africans , David-masondo , Democratic-alliance , African-christian-democratic-party , National-assembly , National-council-of-provinces , Pension-funds-amendment-bill , Economic-freedom-fighters , Freedom-front-plus , Deputy-minister , National-council

South African Lawmakers Vote In Favor of Pension-System Overhaul

South African Lawmakers Vote In Favor of Pension-System Overhaul
bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.

South-africa , South-african , Pension-funds-amendment-bill ,

National Assembly passes bill for two-pot retirement system – what is next?

The National Assembly has now passed both bills required for the two-pot retirement system to be implemented on 1 September.

South-africa , South-african , Michelle-acton , National-assembly , Retirement-fund , African-revenue-services-sars , Financial-sector-conduct-authority , National-treasury , African-police-service , Pension-funds-amendment-bill , Pension-funds-act , Revenue-laws-amendment-bill

Two-pot system: Parliament passes bill, but Old Mutual warns legal clarity still needed

Two-pot system: Parliament passes bill, but Old Mutual warns legal clarity still needed
news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.

South-africa , Cape-town , Western-cape , South-african , Iain-williamson , David-masondo , Cyril-ramaphosa , National-council-of-provinces , Pension-funds-amendment-bill , Finance-minister-david-masondo , National-council , President-cyril-ramaphosa