Consumers continue to suffer financial effects of the pandemic
Life for South African consumers is far from back to normal, as a number of surveys attest. For the average consumer, income levels are down, savings are down, and debt levels have risen.
Legal Update November 2021
The following legal updates were publish by The Sanlam Corporate Legal department for your attention.
Legal Focus
Withholding a member’s retirement fund benefit or making a deduction from such a benefit should be referred to the Board for careful consideration and a decision.
POPIA Update: Sanlam Corporate’s Road To Readiness
Sanlam Corporate’s implementation of the legislation for POPIA.
A Setback for Retirement Funds
Kanyisa Mkhize, Chief Executive Officer at Sanlam Corporate, says the pandemic has been a setback for South African retirement fund members and retirees.
Sanlam released the results of its 40th Benchmark Survey
Retirement fund members opted to suspend contributions for an average of four-and-a-half months in 2020.