Growing pushback against forced retirement and medical aid membership
Rising medical inflation, stagnant scheme participation, and mounting financial stress are challenging the traditional model.
News
2 700 stories from 13 South African publishers, refreshed through the day. Every story is the publisher’s own — read it on their site, talk about it here.
Showing stories from The Citizen. Clear
Rising medical inflation, stagnant scheme participation, and mounting financial stress are challenging the traditional model.
'Younger people and those earning lower incomes are now the most stressed.'
The findings suggest there is little recovery among households - people are instead surviving by making adjustments.
For a house worth R800 000, a gross monthly income of around R27 000 is required.
Sanlam report reveals South Africans plan for retirement too late.
Medical aids in South Africa currently typically classify these treatments as 'elective' care.
These security services are viewed as necessary for their enhanced protection.
The highest-paid employee is not an executive nor a member of the Saltzman family.
A common outcome of poor financial literacy is over-indebtedness.
Salary growth has failed to keep pace with rising inflation, resulting in a continued decline in real earnings.
What you do with your first few salaries could shape your financial life for years to come.
In South Africa, funeral policies linked to social grants are strictly regulated to protect beneficiaries.
This would've needed most of its top 10 shareholders to vote against it.
The report examines consumer credit behaviour.
'The applicable salary adjustment effective from 01 April 2026 for the relevant categories of employees.'
'People are taking out payday loans because they are under pressure to manage existing credit.'
Funds may not venture beyond registered rules, says adjudicator.
This sharp increase has been attributed to the large uptake of Covid-19 Social Relief of Distress (SRD) grants.
The index found that those earning more than R50 000 a month need 101% of their salary to service debt.
Here's how it goes.
'The reality is that we're going to see people borrowing more.'
The highest-paid miner gets over R40k per month.
There is a total of 15 cases all in all, of which each costs between R2.5 million to R3 million.
But how much do employees get paid?
Sean Van Zyl of Old Mutual Personal Finance has mapped out two scenarios to compare the 'real cost' of constant withdrawals over a five-year period.
'In a limited number of cases, the affected information also includes credit card details, specifically card number and expiry date, but CVV numbers are not impacted.'
'As fuel remains a key component of driver operating expenses, Bolt adjusts pricing in response to material cost changes.'
We will focus only on health insurance, hospital plans, and gap cover.
If inflation and economic challenges outpace salary growth, real incomes could shrink as the year progresses.
Tipping petrol attendants has become customary in the country, and adds to their wages at the end of the month