Savings & Investments

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How to save all-year long

29 January 2018

By now, your new year’s resolutions of buying less and saving more might be long forgotten, and you find yourself with the same spending habits.

How you can save South Africa

29 January 2018

Increasing the savings rate can secure a better future

The (not so bright) future of retirement for South Africans calls for more savings

05 December 2017

The Schroders Global Investor Study 2017 – a survey conducted by global asset management firm, Schroders, of over 22,000 wealth investors* in 30 countries – has found that non-retired investors in South Africa feel they should be saving 17.8% of their income each year, to live comfortably in retirement – a lot more than they currently do (12.2%), and significantly higher than global investors feel they should be saving (13.7%), on average.

Why it pays to start saving early

30 August 2017

Saving is often very much at the back of any young, recently employed person’s mind. Unemployment amongst young people is high. In fact that is an understatement - it is frighteningly high - with official figures for young people sitting at roughly just over 50%. Therefore landing that first job is an achievement in itself! Rightfully it is a cause for celebration. But beware, do not throw caution to the wind. If you want to celebrate by showing off your new-found financial independence by indulging in elaborate purchases such as expensive clothes, phones, perfumes or cologne and that very first car, you might want to think twice. In most of these examples some short-term debt usually accompanies these purchases in the form of clothing accounts, credit cards or vehicle financing.

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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