After more than eight years at the helm of Iemas, Chief Executive Officer (CEO) Johan Nel, informed the board of directors of his retirement, effective 31 December 2018. Johan was appointed on 1 October 2009, as the CEO designate and officially appointed as the CEO on 1 April 2010. Early in Johan’s tenure, a new strategy was formulated for Iemas …
Financial wellness is a major issue in South Africa
A recent Alexander Forbes Member Watch Survey shows that the average pensioner will be able to replace only 28% of his or her income once reaching retirement age. The latest statistics on credit indicate that two out of five credit-active South Africans have impaired credit records. There are many other statistics that point to the fact that a large number …
Five ways to stick to a savings plan
July is Savings Month, here are five saving strategies to kick it off with; 1. Save Automatically Save automatically through a monthly transfer from cheque to savings ideally soon after you are paid. What you do not see, you probably will not miss. These savings can provide funds for emergencies, a home purchase deposit, school tuition or even retirement. Almost …