If investors have learnt nothing else in the past 12 months, they have seen that any reasonable expectation of future certainty has been all but obliterated, given events locally and abroad. Political turmoil and machinations within our borders have pushed the currency to record lows, only for it to bounce back in response to the year’s first act of mass folly — the UK’s vote to leave the EU. Then, a few short weeks ago, US voters displayed the depth their fear and intolerance by electing Donald Trump to the White House. Only history will tell us the extent of the effect of these recent events. In the short term it certainly appears as if our futures, and our expectation of the way the world works, have been reshaped. It is in the midst of all these developments that SA investors have to weigh up the robustness of their retirement savings plans. Any investment analyst, fund manager or financial advisor would naturally point investors to the long-term nature of such planning and say ...

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