Report shows South Africa's middle-class households are the biggest withdrawers of two-pot retirement savings

When South Africa's two-pot retirement system was introduced, the big question was whether people would treat their retirement savings as easy money to dip into, or leave it alone for retirement. Two years later, the data tells a more complicated story – one driven primarily by real financial pressure. A survey conducted by Momentum Corporate on the two-pot system and who is making the most withdrawals shows that it is not the poorest South Africans, but rather established, middle-income households who are making repeat withdrawals most often. Too find out why Bongiwe Zwane spoke to Nashalin Portrag, Head: FundsAtWork & Distribution at Momentum Corporate.