Nedbank COO Nkuhlu takes early retirement

Nedbank COO Nkuhlu takes early retirement

Mfundo Nkuhlu, Nedbank COO. Mfundo Nkuhlu, chief operating officer (COO) of Nedbank Group and executive director of Nedbank Group Limited and Nedbank Limited, has elected to take early retirement at the end of the year, having reached the age of 60. In a statement, the bank says Nkuhlu joined Nedbank in April 2004 as managing…

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Two-Pot Retirement Reform: Insights From One Year In

Two-Pot Retirement Reform: Insights From One Year In

Approximately R60 billion has been withdrawn since South Africa’s new two-pot retirement fund system was implemented a year ago. In a recent briefing to the National Council of Provinces, National Treasury said the introduction of the two-pot system has been largely successful, improving public engagement with retirement funds, exposing non-compliance by some employers, and ensuring…

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