Business Talk – Nedbank’s Bridget Nkandu and Dr Frank Magwegwe explain how the two-pot retirement system helps South Africans plan their finances effectively

In this Business Talk with Michael Avery interview, Nedbank’s Bridget Nkandu and Dr Frank Magwegwe explain how the two-pot retirement system can help educate South Africans about financial planning.

Nkandu is Executive of Strategy and New Business Development for Consumer Banking at Nedbank.

She is a finance industry veteran and is dedicated to helping Nedbank’s clients secure their financial future.

In her role, she works with a diverse team of industry experts who all share a passion for building financial solutions that positively impact South Africans.

Magwegwe is the Executive of Financial Wellness and Advisory at Nedbank and holds a PhD in Personal Finance Planning.

His academic research for his PhD focused in part on financial well-being – and he uses this knowledge to thrive in the financial sector.

Magwegwe is a well-respected thought leader in the South African financial services industry, having lectured at the Gordon Institute of Business Science and worked in key roles for Coronation Fund Managers, Alexforbes, and Momentum Retail.

The interview

In this Business Talk interview, Magwegwe explains what it means to be able to afford to retire.

He reveals how the two-pot retirement system can help educate South Africans about proper financial planning, before highlighting the potential negatives of this new system.

Nkandu then discusses the factors that have led to most retirement-age South Africans currently being unable to retire comfortably.

She explains how the two-pot retirement system is eliminating several of these concerns, before discussing the key findings from an awareness campaign she recently ran on retirement planning.

Nkandu and Magwegwe conclude the interview by detailing the retirement trends they’ve observed in the corporate space, and explain why these trends bring hope to the retirement industry.

Watch the full interview with Bridget Nkandu and Dr Frank Magwegwe below.