Discussion | Opinions on the two-pot system differ between SAFTU and COSATU

Avbob Investment Plan
JOHANNESBURG – Today marks the roll-out of South Africa’s two-pot retirement system, aimed at providing greater flexibility and accessibility in managing pension funds.
The Congress of South African Trade Unions (COSATU) has welcomed the reform, noting it offers much-needed relief by allowing workers limited access to their pension funds without resigning.
READ: Two-pot retirement system comes into effect
In contrast, the South African Federation of Trade Unions (SAFTU) has raised concerns that the system might undermine long-term savings and potentially weaken workers’ financial security.
To explore these perspectives, SAFTU’s Trevor Shaku and COSATU’s Matthew Parks had a discussion with eNCA.