SA’s retirement-savings crisis ‘is deepening’ | IOL Personal Finance

The state of private retirement savings in South Africa is worsening, with a report showing that 67 percent of people have no retirement plan at all or only a vague one. The report, commissioned by 10X Investments, also found a lack of understanding among clients of the retirement-savings industry on what they have actually saved and what they will need to have saved to preserve their lifestyle in retirement.

The report says 72 percent of women across all demographics either have no retirement-savings plan at all or have only a vague plan. Households remain under tremendous pressure financially, with a negative impact on retirement-savings behaviour.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Current violence in SA a crisis: Buthelezi - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The former Inkatha Freedom Party (IFP) leader Mangosutho Buthelezi says South Africa is in crisis because of the current violence in which foreign nationals and their businesses are being targeted with some shops being burnt and looted.
Source: SABC News Online - 🏆 32. / 51 Read more »