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Tightening your belt without compromising on savings

12 July 2016

Don’t allow your hard-earned savings to suffer during the downtimes, Michelle Beetar, Managing Director of Experian South Africa offers advice during this National Savings Month.

Why SA needs to build a stronger savings culture

05 July 2016

According to the 2016 Global Consumer Survey (GCS) issued by the Financial Planning Institute of Southern Africa (FPI), only 27% of South Africans believe that they are knowledgeable about finance and financial matters. However, 74% of South Africans consider building a savings plan to be a top priority. This highlights how strong the barriers that are preventing consumers from saving really are.

Don’t save for retirement (just yet): Rethinking South Africa’s employee benefits model

05 July 2016

Alexander Forbes says it does not believe the internationally accepted, decades-old employee benefits model which places a singular focus on compulsory retirement savings as top priority, is relevant for the current financial needs of South Africans.

Poor financial literacy holds back many South African savers

05 July 2016

Encouraging a savings culture in South Africa is one of the key goals set out by the National Treasury, and it has put in place many measures to make it easier for citizens to save. However, the country’s overall savings rate remains quite poor, even compared to other emerging markets.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

View the Results