Progress

The 2022 National Cancer Registry report (the most recent cancer statistics according to Cansa) stated that the top five invasive cancers reported in South Africa in men were prostate, colorectal, lung, melanoma and non-Hodgkin’s lymphoma. In women, it was breast, cervix, colorectal, uterus and melanoma. One of the major insurer’s 2023 claims showed that two-thirds of sickness- and disability-income claims came from clients younger than 45!! The youngest critical illness claimant was a 23-year-old male with stage I testicular cancer. This is sobering if not downright scary! The question for many will be how to properly structure your life insurance needs. Catch up with our Advisors on info@progressadmin.co.za for a comprehensive review.   #myprogress #industryupdates

A comprehensive Employee Benefits program includes meaningful retirement savings, competitive group risk benefits and extensive healthcare benefits. Speak to us today about establishing these for your business or reviewing existing benefits to extract maximum value for you and your employees.   Ask us how: info@progressadmin.co.za

Progress welcomes the recent signing of the Revenue Laws Amendment Bill by the President, a significant step forward for retirement savings in South Africa. The Bill paves the way for the implementation of the Two-Pot Retirement System on 1 September 2024.

The Two-Pot system explained. #retirement #twopot #myprogress

Today, the 5th of February, the 2024 Mining Indaba kicks off in Cape Town.   The global mining industry had a difficult 2023 and locally, we saw announcements of rightsizing and even closures of some shafts.   The future of this important industry cannot be understated. Locally, almost half a million direct jobs come from this industry alone and there are very few industries that are excluded from sub-contracted work in some form from the mining industry.   We look forward to the content of the deliberations and the important resolutions that will come out of this year’s Mining Indaba. #mining #miningindaba #myprogress

The final implementation date for the Two-Pot Retirement reform is 1 September 2024. At Progress, we welcome this announcement as it is a well balanced compromise. We will work with our clients to ensure compliance but most importantly, we will use the next 9 months to empower members of Retirement Funds with all the information they need to make full use of the benefits of this reform.