Government puts retirement reforms on ice. Cosatu and Allan Gray comment...

What are the implications of the delay in retirement reforms, as proposed by Treasury?

The Money Show’s Bruce Whitfield interviewed Richard Carter, Head of Product Development at Allan Gray.

Whitfield also played a clip of Stephen Grootes who spoke to a Cosatu spokesperson.

Scroll down for quotes from the audio below.

To say that people fritter their money away is an insult to workers.

Cosatu spokesperson

Township people and rural people do appreciate the need to save, hence stokvels.

Cosatu spokesperson

I’m disappointed, because this has been a long time coming.

Richard Carter, Head of Product Development at Allan Gray

Cosatu is overstating the impact of the changes that was due to come in.

Richard Carter, Head of Product Development at Allan Gray

The commercial implications of this, for us, is not significant.

Richard Carter, Head of Product Development at Allan Gray

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : Government puts retirement reforms on ice. Cosatu and Allan Gray comment...


CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
White males in W Cape the most successful tech start-up founders – survey

White males in W Cape the most successful tech start-up founders – survey

Black women, however, are more likely to run a start-up than white women. Bruce Whitfield interviews Ventureburn's Stephen Timm.

Succession planning 101 (or how transfer power from one generation to the next)

Succession planning 101 (or how transfer power from one generation to the next)

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis.

'The South African stock market is massively hedged against a weak rand'

'The South African stock market is massively hedged against a weak rand'

The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.

5 things South Africans still misunderstand about retirement reforms

5 things South Africans still misunderstand about retirement reforms

Old Mutual principle consultant Michelle Acton tries to clarify misunderstandings surrounding retirement reforms.

How retirement reforms (effective from 1 March) will affect your golden years

How retirement reforms (effective from 1 March) will affect your golden years

Bruce Whitfield interviews Galileo Capital Financial Advisor Warren Ingram about retirement reforms that are about to take effect.

President Jacob Zuma signs retirement reforms. Here’s what they entail…

President Jacob Zuma signs retirement reforms. Here’s what they entail…

Bruce Whitfield interviews Michael Prinsloo, Alexander Forbes' Head of Best Practice in Research and Product Development.

Popular articles
Black Friday… there are scams and lures everywhere!

Black Friday… there are scams and lures everywhere!

The Money Show’s Bruce Whitfield interviews Personal Finance Consultant Samke Ngwenya.

[LISTEN] Pravin Gordhan grills Lynne Brown in State Capture Enquiry

[LISTEN] Pravin Gordhan grills Lynne Brown in State Capture Enquiry

Pravin Gordhan suggests Lynne Brown is experienced in keeping secrets says EWN reporter, Rahima Essop.

Eskom inquiry: "It's embarrassing to see a Minister in a compromising position"

Eskom inquiry: "It's embarrassing to see a Minister in a compromising position"

DA shadow minister, Natasha Mazzone, says the committee will ensure that those implicated in state capture march to jail.

If you're caught driving with your phone, officials are allowed to confiscate it

If you're caught driving with your phone, officials are allowed to confiscate it

If the engine is running and you are sitting behind the wheel you are not allowed to operate your phone says W Cape's JP Smith

SA fizzy drinks undergo "shrinkflation" to control sugar intake

SA fizzy drinks undergo "shrinkflation" to control sugar intake

Coca-Cola has reduced its 500ml "buddy" to 440ml and the traditional 330ml Coke cans will soon have a volume of just 300ml.

What Shoprite, Checkers, Pick n Pay and Makro will offer on Black Friday

What Shoprite, Checkers, Pick n Pay and Makro will offer on Black Friday

Up for a Springboks level scrum? Instructions on how to ensure you get the deals in your inbox the moment they become known...