tion>
Published by Zebra Press
an imprint of Penguin Random House South Africa (Pty) Ltd
Reg. No. 1953/000441/07
The Estuaries No. 4, Oxbow Crescent, Century Avenue, Century City, 7441
PO Box 1144, Cape Town, 8000, South Africa
First published 2020
Publication © Penguin Random House 2020
Text © Bruce Cameron and Wouter Fourie 2020
All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of the copyright owners.
PUBLISHER: Marlene Fryer
MANAGING EDITOR: Robert Plummer
EDITOR: Dane Wallace
PROOFREADER: Lisa Compton
COVER DESIGNER: Sean Robertson
TYPESETTER: Monique van den Berg
INDEXER: Sanet le Roux
Set in 11.5 pt on 15.5 pt Minion
ISBN 978 1 77609 584 1 (print)
ISBN 978 1 77609 585 8 (ePub)
Disclaimer
The information in this book (current August 2020) is given in good faith and has been derived from sources believed to be accurate. Among other things, laws affecting all aspects of personal finance, such as the Income Tax Act, are subject to constant change. Although the utmost care has been taken by the authors and the publisher, no warranty of reliability or accuracy can be given. Neither the authors, the publisher nor the distributor can be held responsible for any errors or omissions; or for any liability for any action taken or not taken by any individual or organisation. The material contained in this book is not intended as professional individual financial advice and it is recommended that you consult a professional financial planner before making any investment or other decisions that could affect your financial well-being.
Contents
1. How to Avoid Your Point of Ruin
2. The Dichotomy of Choosing a Pension
3. A Helping Hand to Retirement Success
4. Planning for the Years Ahead
6. Retirement Is Tougher on Women
7. The Killer: Medical Care in Retirement
The author has put many months of work into researching and writing this book. This ebook is NOT free, and should be bought from an ebook retailer. If you are circulating it for free, you are breaking the law and can be prosecuted under the Copyright Act 98 of 1979.
Acknowledgements
This book is based on a series of columns that I wrote for Business Maverick, a branch of the Daily Maverick online newspaper, edited by a long-standing colleague of mine, Tim Cohen.
I decided to write the columns when I saw how pensioners were panicking in the wake of the COVID-19 pandemic and nine years of the Zuma regime. I called Tim, because as far as I’m concerned, the Daily Maverick is proper journalism in a world of dross. The Daily Maverick and Business Maverick do sound and scrupulous research – even though many people may not like the results.
I was so concerned about the situation in South Africa that I offered to write the columns for free. I thought at the time there would be about three of them. In the end, the project grew into 20 columns.
The main reason for this expansion was the research I was receiving from various parties. Most of it came from Alexander Forbes, Just SA and Sanlam, who over the years have produced an amazing amount of solid research into improving the lots of retirement fund members and pensioners.
The two people to thank above all others are John Anderson, who heads research at Alexander Forbes, and Deane Moore, chief executive of Just SA. I have spent many hours conversing with them over the phone and by email while going over the contents of my columns and this book. This is apart from their granting me access to their organisations’ research and suggesting other sources of information for me to utilise.
It was on the basis of all this that it was decided to go ahead with the publication of this book. Zebra Press, an imprint of Penguin Random House South Africa – which has published a number of my books, including another one co-authored by Wouter Fourie – were quick to accept the proposal. Wouter and I would like to thank Robert Plummer, Marlene Fryer and Penguin Random House for the way in which they have handled this book.
I would like to acknowledge the following two people who have helped me on the writing side:
Wouter Fourie, a leading financial planner and my co-author once again, who provided information for both the newspaper columns and this book and who assisted me editorially. It is so useful having someone who interacts with investors rather than being an observer like me; and
Dane Wallace, our copy editor. We have worked together before and I was impressed. My comment this time: Dane is damned good at keeping authors on their toes and had us meeting our deadlines for this publication. Thank you, Dane.
