With a very small percentage of South Africans able to support themselves financially in retirement, Treasury has been taking a thorough look at retirement savings, trying to figure out how to manage this alarming problem. Several discussion documents have been released for comment, with a further paper made public alongside the 2013 Budget Speech. Through consultation and debate with various groups, including the financial services industry, Treasury hopes to introduce reforms that will help individuals make appropriate, sustainable long-term decisions.

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