FirstRand makes waves with 6% interim profit surge and sweetened dividends; Santam shows off dividends and dumps loss-making deals and why you should beware of the two-pot retirement system.

Allan Pullinger, CEO at FirstRand, South Africa's largest lender, on reporting a 6% rise in half-year earnings, reaching R19.1 billion, driven by strong net interest income growth.     Wikus Olivier, Chief Financial Officer at Santam tells Bruce Whitfield that, despite challenges like economic slowdown and high reinsurance costs, it has maintained its market share and expanded shareholder value, thanks to its diversified portfolio and strong broker network.     Bruce Cameron, consultant on retirement funds on why the new two-pot retirement system in South Africa, effective from September 1, 2024 — which will allow early withdrawals from retirement funds — is concerning, as it will potentially boost individual spending and impact the economy and inflation.See omnystudio.com/listener for privacy information.