Your retirement fund is not an ATM

09 June 2020 –Glacier by Sanlam In these current market conditions, if you have a job, hold on to it. This is logical. However, there is a new trend on the rise – financially desperate people resigning from their jobs without new ones lined up, just so they can access the money saved in their pension funds. Sherwin Govender, Business Development Manager at Glacier by Sanlam, weighs in on this scary…

Sarb slashes interest rates by a larger-than-expected 100 basis points to shield economy against COVID-19 fallout

Highlights _________________________________________________________________________________ • The South African Reserve Bank (Sarb) Monetary Policy Committee (MPC) slashed interest rates by a larger-than-expected 100 basis points to 5.25% at the March 2020 interest rate-setting meeting. • The Sarb acknowledged significant downgrades to expected global economic activity due to the outbreak and spread of COVID-19. • Significant downside adjustments to the Sarb’s economic growth outlook (1% weaker for 2020 and 0.6% lower for 2021 relative…