SPONSORED: 90% of South African retirees cannot maintain their standard of living once they retire. Nedbank is here to give the country a much-needed reality check. | Nedbank
recently revealed that the country’s savings rate sits at only 0.5% and is below that of most emerging market peers. that showed that 90% of South African retirees cannot maintain the same standard of living prior to retirement. This means that many will most likely need to work even after retirement.has shown a steady increase, planning and saving becomes even more important as people now live longer.
It was only when the bill came that unsuspecting patrons realised that they were part of a social experiment with a very simple and impactful message: ‘90% of South Africans cannot afford to retire; be part of the 10% that can.'
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.
Schalk Louw | The JSE is not really South African - what this means for investors | BusinessOPINION | Most of the revenue earned by JSE-listed companies is earned abroad. This has important investment implications, says SchalkLouw. | News24_Business
Read more »
Increase market access so South African citrus can growEnsuring there are enough overseas markets to absorb an increase in exports is critical to job creation and revenue generation, writes Justin Chadwick.
Read more »
Braai prices jump — showing South African food inflation acceleratingThe cost of a basket of goods in Bloomberg’s South African Shisa Nyama Index, designed to show the price of a traditional backyard barbecue in townships and rural areas accelerated to 15% in June from a year earlier.
Read more »
South African virtual private server price showdownMyBroadband compared virtual private server pricing across three tiers from Absolute Hosting, Afrihost, Cybersmart, Domains.co.za, Microsoft Azure, and AWS.
Read more »
South African rand steady in early tradeThe South African rand was little changed in early trade on Monday after weakening last week along with other emerging market currencies.
Read more »
South African factory activity contracts again in June - Absa PMISouth African manufacturing activity contracted for the fifth consecutive month in June due to a worsening of business conditions, a survey showed on Monday.
Read more »