Despite ongoing low savings figures, Savings Month 2024 could be a major turning point for many South Africans' savings journeys due to the current optimism in South Africa stemming from positive political and economic developments.
Savings Month has traditionally been a time when South Africans face stark reminders about the nation’s poor savings habits. Our country lags many others in savings rates and the challenging economic landscape of recent years has forced many individuals and families to focus on day-to-day survival rather than long-term financial planning.
However, while low savings figures remain a concern, Buli Ndlovu, Executive Head of RBB Marketing at Nedbank, expresses confidence that Savings Month 2024 could represent a significant positive turning point for many South Africans on their savings journeys. That is because Savings Month this year comes at a time when there is fresh optimism in the air in South Africa as positive political and economic developments offer opportunities for financial growth.
is ready to support them with accessible, affordable and rewarding savings and investment solutions.’as a prime example of this combination of savings simplicity and effectiveness. You can start saving with just R500 and earn up to 8.75% interest in the first 3 months, she says, ‘making it a great way to get into the savings habit.’
Both solutions come with an array of perks, including zero monthly fees, easy digital management, and the opportunity to earn valuable Greenbacks.
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