Only 19% of those surveyed feel prepared to cover their day-to-day living costs. 💵 See how South Africans are finding ways to deal with their financial woes 👇
Encouragingly, only 19% of respondents claimed not to have a budget and Botha says she hopes this means that the importance of savings and budgeting is reaching more people than before. Another encouraging outcome was the number of consumers who were taking direct responsibility for their own finances, with only 5% deferring to their partner to manage their finances.
“There is no doubt that we have a very stressed nation and this has far-reaching consequences for individuals, families, communities and South Africa as a whole.Therefore, we want to empower consumers to make sound financial decisions despite these mounting challenges, especially when it comes to having savings for emergencies and preparing for retirement,” says Botha.Key findings from the survey
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Zuma on expired sentence: 'I am relieved, but also filled with sadness' | The Citizen'I would like to extend my deepest gratitude to South Africans from all walks of life for the unwavering support and love during a most difficult and trying period.'
Read more »
The types of cars targeted by criminals in South Africa – and the crime hotspotsThe latest South African crime statistics from the South African Police Service show an increase in hijackings across the country over the past quarter.
Read more »
SA pilots are flying off to America after local airlines went bust | BusinessinsiderSouth African pilots are finding new opportunities in the United States, where a severe shortage has airlines canvassing for imported talent.
Read more »
SA’s health emergency | SAMA says shortage of doctors at critical stageThe South African Medical Association is blaming the shortage of doctors on poor planning.
Read more »