Retirement

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Concern over unemployed youth draining parents of savings

10 July 2012 | Savings & Investments

A recent US survey revealed that 62% of young adults between the age of 19 and 22 rely on their parents for financial assistance. According to Jason Garner, Management Consultant at acsis, this trend is more than likely occurring in South Africa too, as i

Why do we need to invest? - I want to own a Maserati by the time I reach 25, impossible?

05 July 2012 | Savings & Investments

We are usually advised by our parents to save as much money as possible and many of us either don’t believe in or commit to saving or don’t understand the benefits and this very often results in us leaving it up to the last minute, resulting in time and m

Let nothing stop your child’s big dream

05 July 2012 | Savings & Investments

According to the Old Mutual Savings and Investment monitor, half of working metropolitan South African parents agree that saving for their child’s education is more important than saving towards their own retirement. Yet only a small percentage of these p

Savings month a stark reminder of SA's dismal savings rate

05 July 2012 | Savings & Investments

Finance Minister Pravin Gordhan said last week that a key constraint of the South African economy is the low levels of savings and hinted that the Treasury would be taking measures to boost confidence in savings mechanisms in months ahead.

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

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