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Let’s roll up our sleeves and move the country forward

Two of the most important days on our nation’s annual events calendar aren’t public holidays, and it’s absolutely correct that they’re not.

Each February, South Africans from all walks of life share the tradition of focusing their attention on the State of the Nation Address, in which the President of the Republic addresses the nation on the country’s achievements in a given period and outlines government’s plans for the year ahead.

Government’s new retirement reforms

The new retirement reforms aim to help South Africans to protect their retirement savings. Here's more information:

Why did government pursue these reforms in the first place?

The reforms seek to protect retirees from old age poverty by encouraging them to save for retirement. They also seek to simplify the current system and make products more transparent.
What are the changes that will come into effect on 1 March 2016?

Protect your retirement savings

Government has introduced a law that aims to encourage South Africans to save and plan better for their retirement. In December last year, President Jacob Zuma signed into law the Taxation Laws Amendment Act of 2015 to assist households and ensure that they are not vulnerable to poverty, especially during retirement.  

32m drought relief

Government has pledged R32 million to help farmers affected by drought. The Industrial Development Corporation (IDC) has made available soft loans as emergency funding towards working capital, infrastructure and a small portion for carry-over debt for the commercial sector.

A soft loan is a loan with a below-market rate of interest. Giving an update on the status of drought relief support to the agricultural sector, Agriculture, Forestry and Fisheries Minister Senzeni Zokwana said the funding had already been approved.

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