Thursday, 12 July 2018

Saving is only getting harder in SA – economist.

South Africa's current economic conditions mean it will only get harder to save for the future – but at the same time, South Africans need to save more than before.

This is according to Old Mutual Investment Group Economic Strategist Rian le Roux, who says the stagnant economy, with rising dependency ratios, means saving for the long term is becoming ever more challenging.

Speaking at the 2018 Old Mutual Savings and Investment Monitor Results Briefing on Wednesday, Le Roux said people often made their worst investment decisions when emotions were running high.

Full story at Fin24.

By Marelise van der Merwe.

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