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South African households are increasingly cutting back on living expenses as they grapple with their stressful financial positions. This is one of the findings from the 2016 Old Mutual Savings & Investment Monitor, which tracks the shifts in the financial attitudes and behaviour of South Africa’s working metropolitan population.
Brooks Ritchey, senior managing director, K2 Advisors Franklin Templeton Solutions, looks beyond the day-to-day data and policy debates to a bigger-picture trend that could have important market and economic implications: the aging of the global population.
After spending some time reflecting on the dramatic decision to leave the European Union (EU), Britons are now waking up to the harsh reality that their actions may not have been in the best interest of the people. It reminds me of an old Afrikaans proverb that my father told me when I was a “wise to the world” teenager: slim vang sy baas.
Less real income stunting consumer spending.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?