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Financial News
Financial News from Blitzkoops
Retirement Age in South Africa
Most South Africans will now need to work until they are 80 to retire comfortably. This was revealed by Sanlam Corporate’s study based on over 300,000 Sanlam Umbrella Fund members, demographic trends, actuarial data, and economic factors affecting the country’s retirement outcomes. “Our internal member data indicates that while 65 remains the official retirement age, the majority of South Africans cannot afford to retire at this age,” said Sanlam Corporate […]
The Man who Turned R100,000 into a R40 Billion Insurance Giant
At a time dominated by Harry Oppenheimer and Anton Rupert, a South African businessman quietly built the country’s fifth-largest company that revolutionised life insurance and retirement savings. Sir Donald Gordon’s fingerprints are all over modern-day South Africa, from Liberty to GIBS business school and the financial hub of Sandton City. Born in Johannesburg in 1930 to immigrant parents, Gordon was educated at the prestigious King Edward VII School (KES) in […]
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