WATCH | Massive uptick in withdrawals post two-pot rollout

JOHANNESBURG - It’s been just over a week since the highly anticipated two-pot system was rolled out, and the impact is already evident.

South Africans' excitement about the new system is reflected in the surge of claims received by retirement fund administrators like Alexander Forbes.

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The company has reported 78,000 claims, a number that matches the volume they previously processed over a six-month period before the new legislation came into effect.

To discuss the implications of this surge in withdrawals, John Anderson from Alexander Forbes, spoke to eNCA.