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In South Africa’s workplace benefits environment, one persistent shortfall continues to undermine even the most basic financial planning efforts: the absence of severe illness cover.
For many professionals, the act of supporting extended family is a deeply ingrained and non-negotiable part of life. Often referred to colloquially in South Africa as ‘Black Tax’, this financial commitment is a powerful expression of love, duty, and cultural respect.
The local gambling industry saw an estimated R1.5 trillion spent in the 2024/2025 year, 40% up from the previous year. In pursuit of a quick financial win, many South Africans are taking risks with their hard-earned money.
This International Savings Day, the message is simple: just start. Whether you are saving for retirement, a rainy day fund, or a future goal, the most important step is getting into the habit of saving.