Understanding Preservation Funds

Understanding Preservation Funds

A preservation fund is a savings vehicle into which you can transfer your retirement savings, from a retirement fund (pension or provident fund), with the aim of preserving funds for your financial well-being in retirement. This vehicle is primarily used when people resign or change jobs, which then becomes a tax-free transfer from your existing retirement fund into a preservation fund of your choice. Preservation can either be […]

July 22, 2024 7

World

US Secret Service ‘failed’ in mission to protect Trump: director

US Secret Service Director Kimberly Cheatle acknowledged on Monday that the agency "failed" in its mission to prevent the assassination attempt on former president Donald Trump. "The Secret Service's solemn mission is to protect our nation's leaders," Cheatle said during testimony before the House Committee on Oversight and Accountability. "On July 13, we failed," she said. "As director of the United States Secret Service, I take full […]

July 22, 2024 17

Namibia

Inmates fighting for conjugal visits

American national convicted of murder, Kevan Townsend and trial-awaiting prisoner, a former magistrate, Jaco Kennedy appeared in the Windhoek High Court on Monday, in their fight for conjugal and private family visits. The two, appearing before Judge Collins Parker, are suing the Minister of Home Affairs, Immigration, Safety and Security, the Windhoek Correctional Facility, Commissioner General of the Namibian Correctional Service, Raphael Hamunyela, and the Ombudsman, for […]

July 22, 2024 17

World

Harris races to wrap up nomination after Biden drops out

By Danny Kemp and Frankie Taggart US Vice President Kamala Harris raced Monday to lock in Democratic support and secure the party's nomination to take on Donald Trump in November after President Joe Biden's sensational exit. Armed with Biden's endorsement, the 59-year-old has quickly won the backing of a flood of Democrats as she prepares to kick off her first full day of campaigning with an […]

July 22, 2024 10

Namibia

NamPol records over 110 000 criminal cases

The Namibian Police Force (NamPol) has recorded 110 551 criminal cases, countrywide during the financial year 2023/24. The criminal cases range from robbery, rape, violence against women and children, and other forms of domestic violence, murder, theft of motor vehicles and livestock, dealing in drugs, housebreaking, and theft. This was revealed by Inspector General of NamPol, Lieutenant General Joseph Shikongo on Monday during the official opening of a five-day […]

July 22, 2024 51

Local

Three more qualify for Nedbank Kapana Cook-Off Final

The third preliminary round in the Nedbank Kapana Cook-Off competition took place last weekend in Windhoek, where three contestants qualified for the competition final slated for 24 August in Ongwediva. From the 60 contests who took part in the preliminary round on Saturday, 20 July, Hasheni Mandume, Maria Mumbala and Sxelse Tsamases, emerged on top, and will join six other finalists to compete in the final for the […]

July 22, 2024 11

Sport

All Blacks legend Kirwan casts doubt on Savea’s Moana move

All Blacks legend John Kirwan has cast doubt on Ardie Savea's switch to Moana Pasifika, saying it could affect his Test form for New Zealand. Savea, 30, announced Sunday he would end more than a decade of association with the high-flying Wellington Hurricanes to make the bombshell move to Moana, who finished second bottom of the Super Rugby standings in 2024. Kirwan said the move could hamper Savea's […]

July 22, 2024 13

Sport

Hamilton happy with 200th podium, Mercedes progression

Two weeks on from his emotional home win at the British Grand Prix, Lewis Hamilton on Sunday claimed another landmark triumph with a record 200th podium finish of his career at the Hungarian Grand Prix. Back at the circuit where he has won a record eight times, the seven-time champion finished third for Mercedes, surviving a collision with Red Bull's three-time champion Max Verstappen in the closing stages. […]

July 22, 2024 9

Sport

Five-wicket Bashir excites Stokes as England seal West Indies series

Ben Stokes said Shoaib Bashir had "showed the world" he belonged in international cricket after the 20-year-old off-spinner bowled England to a series-clinching victory over the West Indies in the second Test at Trent Bridge on Sunday. Bashir took 5-41 as the West Indies collapsed to 143 all out on the fourth evening, with England triumphing by 241 runs to take an unassailable 2-0 lead in a three-match […]

July 22, 2024 8