Deteriorating Living Costs Push South Africa's Savings...
International News
August 7, 2023
With the escalating costs of living in South Africa, the nation's already fragile savings culture faces a severe setback. A staggering 90% of South Africans are projected to struggle with achieving a comfortable retirement, underscoring a longstanding issue. While the country has historically grappled with poor savings habits, the combination of the ongoing COVID-19 pandemic and the present affordability crisis has exacerbated the situation.