Is Jooste’s frozen estate next on the SARB’s radar?
Is Jooste’s frozen estate next on the SARB’s radar?

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Investment Indicators | 22 July 2024
IN THIS WEEK's ISSUE
Rates Review
Investment Rates
Money Market Funds
Top 3 Rates
Featured Article
Top stories
How the process to make withdrawals from the savings ‘pot’ will work
Is Jooste’s frozen estate next on the SARB’s radar?
FSCA alerts funds of consequences if two-pot rule amendments aren’t submitted by 31 July
Two pots: how withdrawals from DB funds will differ
In the news
10 things people often get wrong about the two-pot retirement system
What you should know about the 2024 tax-filing season
Proposed Regulation 28 amendment – are prescribed assets coming back?
Ramaphosa and Steenhuisen say differences over NHI can be resolved
High Court rules in favour of insurer in dispute over towed vehicle
Profile to launch new unit trust award after ending relationship with Personal Finance
Moonstone Update
Regulatory Examinations
Download the latest RE Prep Guide here. Please ensure you download this version to use in your preparation, together with your study material. Please study the tasks, criteria and legislation referenced in the guide.
RE preparation videos
Schedules for 2024
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ADVERTORIAL
GTC banner 2023-10-02
Two-pots is here (and in reality, this will be four pots), as opposed to the existing one-pot. How is it looking in your kitchen?

Fund members will require sophisticated fund administration accommodating the numerous alternative elective pre-retirement withdrawals of the Two-pots retirement system. They will also require additional - professional - counselling regarding the impact of premature pre-retirement withdrawal. Are you and your funds ready for this legislation?

Book a presentation with our CEO Gary Mockler to see how GTC can assist 13B administrators and benefit consultants with the relevant business processes associated with Two-pot.

Visit our website at www.gtc.co.za.

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RATES REVIEW
Secured Investment Rate
Please note that (G) indicates a Guaranteed and (L) a Linked product. In order to understand the difference between guaranteed and linked rates, kindly click here for an explanation.
R1 000 000 (3% commission)
Company This week Last week
1Life (L) 6.420% 6.330%
Discovery (G) 5.797% 5.697%
Nedgroup Life (L) 5.380% 5.290%
R1 000 000 (1.5% commission)
Company This week Last week
1Life (L) 6.780% 6.690%
Discovery (G) 6.184% 6.083%
Clientele (G) 5.588% 5.500%
Money Market Funds
R100 000
Company This week Last week
Allan Gray 9.08% 9.05%
Symmetry 8.71% 8.67%
Coronation 8.70% 8.73%
Please bear in mind that our figures, though based on the actual quotations that you also use, are for information purposes only, and can never replace the official quotation from the product house. In terms of the guarantees, you are requested to clarify the exact extent of such guarantees with the product house prior to advising clients.
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SPONSORED - PAID PARTNERSHIP
People’s expenses change in retirement. Shouldn’t their income too?
Conventional wisdom says that living expenses rise uniformly with inflation, so many financial plans are based simply on that. But analysing the spending patterns of retirees shows us that the data tells a different story.
Top story read button
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TOP STORIES
How the process to make withdrawals from the savings ‘pot’ will work
Retirement fund members must ensure their fund has their correct details and they are registered as a taxpayer with SARS.
Top story read button
Is Jooste’s frozen estate next on the SARB’s radar?
The South African Reserve Bank has seized more than R6 billion from various Ibex Investments accounts, previously Steinhoff.
Top story read button
FSCA alerts funds of consequences if two-pot rule amendments aren’t submitted by 31 July
Funds that cannot pay withdrawals because their rules are invalid must inform members why they may not be allowed to access their benefits.
Top story read button
Two pots: how withdrawals from DB funds will differ
Actuarial calculations may affect the costs and time for defined-benefit fund withdrawals, depending on the rules of the fund and the complexity involved.
Top story read button
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IN THE NEWS
10 things people often get wrong about the two-pot retirement system
Old Mutual’s learnings about what people know or expect, based on its interactions with customers and advisers.
Itn read button
What you should know about the 2024 tax-filing season
This year’s return provides for claiming the residential solar energy tax rebate or a tax deduction in respect of the renewable energy tax incentive.
Top story read button
Proposed Regulation 28 amendment – are prescribed assets coming back?
The Cabinet is considering introducing new asset classes to leverage retirement savings for industrial financing.
In the news 3 read button
Ramaphosa and Steenhuisen say differences over NHI can be resolved
But statements by the Minister of Health indicate the ANC does not believe material changes to the NHI Act should be made.
In the news 4 read button
High Court rules in favour of insurer in dispute over towed vehicle
The judgment confirms that providing security in a trust account is an acceptable substitute for physical possession under a lien.
In the news 5 read button
Profile to launch new unit trust award after ending relationship with Personal Finance
Independent Media says the Raging Bull Awards will continue with a new data provider.
In the news 6 story read button
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F & P - Gold - 4 Export-live-chat
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MOONSTONE UPDATE 15 TO 18 JULY 2024
Why SARS may be withholding your tax refund
Watch Moonstone Update for an overview of some of the stories covered in the past week's Moonstone newsletters.


Moonstone Update 2024-07-19

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