Timothy Sumer

Water supply interruptions and lack of access to clean water have been an ongoing crisis for many South African communities. Recently Rand Water announced level 1 water restrictions affecting Gauteng residents, including some health facilities. Also, residents of Ekurhuleni Municipality yesterday protested against the lack of water that has lasted several weeks with no end in sight. Meanwhile, the South African Human Rights Commission released its KwaZulu-Natal Water Inquiry Report for 2022. Among its various findings, the Commission found that KwaZulu-Natal municipalities and Water Service Authorities have violated residents' right to access clean drinking water. To talk more about the state of the country's water and how much has the government fulfilled its constitutional mandate to provide clean drinking water, we are joined by Professor Anthony Turton from the Centre for Environmental Management at the University of Free State. For more news, visit sabcnews.com

The Financial and Fiscal Commission has recommended that government's social protection system be strengthened, to protect vulnerable segments of society, especially those exposed to the negative impact of rising inflation, including higher energy, fuel and food prices. The FFC tabled its recommendations for the 2024/25 Division of Revenue under the theme "Improving service delivery and inclusivity in an environment of expenditure moderation". National Treasury and the Department of Social Development have been called upon to address the challenges of access to the current social protection measures, especially the Social Relief of Distress Grant. For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.... ( read more ) HOW TO: Hedge Against Inflation REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing The Financial and Fiscal Commission

Consumers who belong to a retirement fund are encouraged to take annuity to ensure that they have sufficient money for when they stop working. Many retired people are battling to cope with the escalating cost of living such as food, medicine and transport, as people continue to live longer. Retirement annuity has some tax benefits aimed at encouraging more people to save towards having a comfortable life after leaving work. Naledi Matlapeng reports For more news, visit sabcnews.com and also #SABCNews on all Social Media platforms.... ( read more ) LEARN MORE ABOUT: Retirement Annuities REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Many individuals who have saved for retirement may find themselves overwhelmed with the decision of how to utilize those funds. While there are many options available, one popular choice is purchasing an annuity. An annuity is a financial prod

Following the comments made by Minister Tito Mboweni with regards to accessing a portion of their retirement funds, we look at the personal finance aspect by asking: Is it a good idea to withdraw money from your pension when you're still working. What are the risks of doing this? How can/ should the money be managed should it be accessed? Should people be stopped from accessing their pension - is it just a bad idea? Eunice Sibiya - Independent Financial Educator and Coach. For more news, visit sabcnews.com and also #SABCNews #Coronavirus #COVID19News on Social Media.... ( read more ) LEARN MORE ABOUT: Retirement Annuities REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Saving for retirement is one of the most important financial decisions you’ll make in your life. One of the benefits of saving for retirement, whether through a pension fund, a 401(k) plan, or an individ

Finance Minister Tito Mboweni has announced during his budget speech that the long-awaited Retirement Fund Reform will come into effect on the 1st of March 2021. That means all types of retirement savings such as a pension, provident, and retirement annuity will be harmonised and operate the same. The new rules will allow members to receive the same tax treatment on money contributed. Naturally, there has been mixed reactions to the speech. But to get the views from the Small Community, I am joined by the CEO of YDIDI, Neo Kuaho. For more news, visit sabcnews.com and also #SABCNews #Coronavirus #COVID19News on Social Media.... ( read more ) LEARN MORE ABOUT: Retirement Annuities REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Pension Fund Reform Comes Into Effect on March 1 On March 1, 2021, pension fund reform will come into effect in Neo Kuaho. This reform is aimed at p

Finance Minister Enoch Godongwana has proposed the introduction of a two-pot system that would ensure that workers withdraw and preserve their retirement funds at the same time. Financial Advisors have given this a thumbs up and say that this would help encourage the preservation of retirement. But they have urged workers who want to access part of their retirement savings to use the money responsibly and for the right reasons. For more news, visit sabcnews.com and also #SABCNews #Coronavirus #COVID19News #Covid-19Vaccination #Vaccine on Social Media.... ( read more ) LEARN MORE ABOUT: Retirement Annuities REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing The 2021 Medium Term Budget Policy Statement (MTBPS) was recently tabled in Parliament. The MTBPS is a mid-term fiscal policy statement that outlines the government’s budget plans for the next three years. One of the most