Debts forcing South Africans to dip into pensions

Unforeseen expenditures are forcing employed South Africans’ decision to dip into their retirement fund.

Unpacking Momentum Corporate’s latest research on the country’s workforce, public sector head Nomha Kumalo explained on Thursday that four out of five employed South Africans were unable to meet the financial need of unforeseen events.

• For more on this story, please visit Times Select.