Pieter Lourens at BW Financial Advisors

Krimneel, sou ek reken - diefstal. Die Ontvanger behoort meer beslissend teen die werkgewers op te tree.

Die werknemers se opgawes kan nie gefinaliseer word nie met n direkte gevolg dat boedels en aftredes nie gefinaliseer kan word nie.

In uncertain times, which investments are considered safe? One asset class is not an alternative for another. A well-diversified portfolio including all the different asset classes is key.

Perfect storm has hit middle-class South Africans South Africa’s economy, like many other economies globally, has had a bumpy start to 2022, notes Chris Blair, CEO at remuneration firm 21st Century. The Ukraine-Russian war, volatility in international financial markets, inflationary pressures, etc. have caused an economic environment that threate...

The Bank of Namibia has announced a 75 basis points increase in the repo rate from 4.75% to 5.50%. That means the prime lending rates for local commercial banks will increase from 8.50% to 9.25%.
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SA Bonds offering attractive return prospects Investors may be surprised to learn that the South African nominal bond market has delivered healthy returns to those prepared to brave the volatility in recent years. Over the past five years our bond market has comfortably outperformed both SA cash and local inflation, as well as global bonds: the...

For a limited time, Sanlam offers a conversion option to all group scheme employees of all employers in Namibia.

This offering will allow all group scheme members to convert to a Sanlam Namibia individual life policy upon termination of employment with the particular employer, even if their group scheme is not with Sanlam and does not have the conversion option.

*This offer applies to all terminations, including retirement, since May 2020.

Labour ministry encourages retirement preparation

Staff Reporter

THE Ministry of Labour, Industrial Relations and Employment Creation is inviting interested institutions to contact the ministry for the arrangement of pre-retirement training workshops, which will be offered for free, to prepare employees for life after retirement.

"In order to compliment employees' retirement planning efforts, the Ministry feels that it has an obligation to cater for the welfare of employees beyond their active working period, and is thus embarking on this training workshops," the ministry said.

This request comes after the ministry announced the conclusion of a two-day pre-retirement training workshop that was conducted with participants from the Ministry of Environment and Tourism. The goal of the workshop was to prepare the employees, who are between the ages of 50 and 60, for retirement.

The ministry explained that the workshop - which essentially aimed to educate participants on the stages and impact of retirement – sought to address participants' retirement concerns, assisted with effective retirement planning and provided training with regards to lifestyle, finances and will-making.

According to the ministry, such workshops are important because it has been observed that employees that retire from formal employment without proper retirement planning tend to struggle to cope with the retirement lifestyle. The ministry noted that this ultimately has a negative impact on the unprepared individuals' quality of life, while those who engaged in pre-retirement planning tend to adapt and cope better.

File photo for illustrative purposes only.