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The zero-growth economy, as forecast by the South African Reserve Bank, is likely to result in further strain on consumer’s finances, with some running the risk of prioritising wants over needs. These can vary from selling a home and temporarily moving in with parents in order to afford luxuries or canceling essential insurance.
Globally, the rise of populist politics and instability, together with chronic low economic growth, has made many investors fearful. As South Africa flirts with recession and tempers flare ahead of municipal elections, local investors are challenged to find returns over and above the seemingly ever-increasing inflation mark.
Leading actuarial firm winds up troubled retirement funds. Has lessons to share with those considering liquidation.
July is savings month and if statistics are anything to go by, most people mutter “savings, what savings?” when they see messages espousing the merits of feeding a piggy bank. There is a collective feeling of guilt when you talk to South Africans about their savings plans. They know they need to save, or save more- but despite the best of intentions, a health nest egg eludes them.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?