On the 23rd March 2020, President Ramaphosa declared a national lock down.

In terms of the National Treasury, the lock down means that all staff will work from home from the end of business on Thursday afternoon, 26 March 2020 and return to work on Friday 17 April 2020. Operating Hours during the 21 day shutdown will be from 8h00am to 12h00pm. The helpline will not be available. The only transactions we will process are Withdrawals, Restarts and Rollovers. Due to the limited staff, we encourage clients to register and apply online. Any requests or queries must be send via email to queries@rsaretailbonds.gov.za or fax to 012 315 5675.

News

SURVEY SHOWS INCREASE IN IMPACT OF DEBT ON SOUTH AFRICAN LIFESTYLES

The findings also reveal that confidence in the South African economy has plummeted to an all-time low of 31% - a considerable decrease from 55% in 2015 - with two thirds of respondents describing their level of financial stress as overwhelming or high

PERSONAL FINANCE

National Savings Month began this week with the acknowledgement that as South Africans we are saving, but not enough and not necessarily in the right places.

IMPORTANCE OF SAVINGS AND INVESTMENT

Sir Arthur Lewis is famous throughout the world for his contribution to economics. He was born on the island of St Lucia in the Caribbean and was Professor of Economics at the universities of Manchester, UK, Princeton, USA and the University of the West Indies.

NATIONAL SAVINGS MONTH

July is National Savings Month – a national savings awareness campaign by the South African Savings Institute (SASI), which was established 10 years ago to encourage South Africans to save. SASI’s message is simple: Save today to have a better life tomorrow!