The government has finally set out the rules for “two-pot” retirement reform — its plan to force South Africans to preserve their life savings until they stop working. But the March 1 2024 implementation date looks distinctly overambitious for implementing agents. 

The draft legislation, published by the National Treasury on Friday and open for public comments until July 15, proposes that one-third of fund members’ contributions after March 1 2024 be allocated to a “savings” pot from which withdrawals may be made once a year; the balance will go into a “retirement” pot...

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