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Newsletter March 2020
During these uncertain and challenging times it is understandable that members may be concerned about the impact of COVID-19 on their retirement savings. With continued volatility in all asset classes expected it is however important to retain your long-term focus and not make any rash decisions, that can have a negative long-term investment impact.
NFMW Office Closure (COVID-19 national lockdown)
President Cyril Ramaphosa announced a national lockdown for 21 days that will be implemented from midnight on Thursday in response to the growing threat of Covid-19. As a result, the NFMW offices will be closed from Tuesday, 24 March 2020 and will re-open on Friday, 17 April 2020.
Covid-19
First and most importantly, I hope you and your family are all well and healthy. The COVID-19 pandemic has materially impacted all aspects of our daily lives – how we work and live, market reactions and governmental interventions.