HOW TO (FINANCIALLY) SURVIVE RETRENCHMENT

It’s arguably one of the worst moments in anybody’s life. Getting to grips with retrenchment can be daunting, but examining your options, especially regarding your retirement savings and investments, is a critical step to financial confidence. In offering tips on how to (financially) survive this stressful time, Sherwin Govender, a business development manager at Glacier by Sanlam, says you shouldn’t take it personally. In most cases, it is not your fault. “Your company probably came to a point where they needed to make a financial decision for its future existence.”