South Africa's New Pension Rule and Wages

In a bid to encourage Post Covid-19 economic development, South Africa’s National Treasury is proposing changes to Regulation 28 of the Pension Funds Act in draft amendments. Also, a new minimum wage of R21.68 per hour has kicked-off in South Africa. On Business Edge, Tolulope Adeleru-Balogun and Ekos Akpokabayen, Chief Investment Officer, Ovid Capita discussed the possible effects it will have on Africa’s most industrialized economy.

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