Affordability

Affordability impacts the market: The South African Savings Institute (SASI) revealed that at the end of March this year the country’s official savings rate was 15%, household savings was 1.1% and the average household’s debt as a percentage of disposable income was 76.6%. These sobering figures point to the fact that as a country we have one of the worst savings rates globally. “South Africa generally has a very poor savings culture, which impacts on many sectors of the economy. One would be … [Read more...] about Affordability impacts the market