News24 | As ANC's election results go to pot, Ramaphosa signs 'two-pot' system bill into law

4 months ago 8

President Cyril Ramaphosa

President Cyril Ramaphosa

As the IEC begins to finalise the much-awaited election results, which reveal the ANC's poor performance at the polls, President Cyril Ramaphosa has been hard at work, putting his signature to two bills on Saturday afternoon.

Ramaphosa's office announced that he signed into law the Revenue Laws Amendment Bill of 2023, which establishes a "two-pot" system that gives members of retirement funds access to retirement savings without having to resign or cash out entire pension funds.

The president also signed legislation ensuring the South African Institute for Drug-Free Sport complies with the World Anti-Doping Code, which harmonises anti-doping policies, rules and regulations with sports organisations and public authorities globally.

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