ACDP cautions against the abuse of the new two-pot retirement system

The ACDP cautions that withdrawals from the savings pot should only be made for emergencies. It should also be remembered that this withdrawal will be subject to tax and other administrative costs; resulting in one receiving less than what was applied for. Additionally, a withdrawal from the savings pot will reduce the final total amount available at retirement and may result in a reduced standard of living.

ACDP not surprised by Shivambu’s move to MK party

It has been rumoured over recent years that some tension and conflict exists between the leadership of the EFF, Mr Julius Malema and Mr Floyd Shivambu, as well as other members of the party who are not happy with the direction in which the party is going. With the resignation now of the EFF’s Deputy President, it would appear that there has been a degree of truth to these rumours.

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