Inside Your Pocket: Artificially Resigning To Get Their Retirement Savings

In these current market conditions, there is a new trend on the rise: financially desperate people are “resigning” from their jobs, just so they can access the money saved in their pension funds. The trend reflects the financial vulnerability of many South Africans. The majority of consumers in South Africa are struggling financially, given sluggish job creation and the pressures of prices of goods and services which are rising at a faster rate than incomes.