SA Money Daily | The Reserve Bank, energy and SOEs: Ramaphosa's policy direction wins over ANC delegates

One withdrawal per year allowed from your pension savings, under new 'two-pot' retirement rules

View Online SA Money Daily The biggest business, economic and market news of the day. AHMED AREFF, FIN24 DEPUTY EDITOR The Reserve Bank, energy and SOEs: Ramaphosa's policy direction wins over ANC delegates President Cyril Ramaphosa emerged from the ANC's policy conference on Sunday with his economic policy direction intact, and challenges for a more radical approach largely contained.   In return, his government has undertaken not to abandon a developmental role for the state in the economy, particularly in the energy sector.     Among the hot-button economic issues were energy policy, the ownership and mandate of the SA Reserve Bank, and the future of state-owned enterprises. But while no radical changes were endorsed, the mobilisation around a radical programme indicates that Ramaphosa does not have a completely free hand in policy making and that management of expectations in the ANC remains critical.  Read More One withdrawal per year allowed from your pension savings, under new 'two-pot' retirement rules Retirement fund members will be able to make on one withdrawal per year of more than R2 000, according to proposed new legislation that will establish a two-pot retirement system. SA will feel Europe's heatwaves in rising food prices As Europe and other parts of the Northern Hemisphere are gripped by heatwaves, the rest of the world needs to prepare itself for knock-on effects in the form of rising inflation. Eskom's De Ruyter meets with CEOs to hash out solutions South Africa's CEOs have pledged to support Eskom's power crisis plan by collaborating with the government and will develop a delivery framework, through the BLSA. ANALYSIS | Two years on, what happened to the Mpati Commission's 300 recommendations for the PIC? The spirit of openness that underpinned the Judicial Commission of Inquiry into the Public Investment Corporation risks getting lost when it comes to implementing its recommendations. Petrol price to drop by over R1 per litre on Wednesday The full petrol levy will be charged for the first time in months - but a drop in the oil price has helped. Black ownership of South African businesses falls below 30% In June, President Cyril Ramaphosa appointed 14 people to a Black economic-empowerment council to address inadequate progress with improving some measures of Black involvement in the economy almost three decades after the end of apartheid DOWNLOAD THE NEWS24 APP CONNECT WITH US

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