retail savings bonds

Finance Minister Pravin Gordhan is worried that South Africans are not saving enough for rainy days. Compared with people in other countries, South Africans are not putting away enough for the future, but are getting used to a culture of consume now, pay later. Data indicates that South Africa's gross savings were 16 percent of Gross Domestic Product in 2009. This is compared with China's savings rate of 52 percent and Russia's rate of 22 percent. "We have become a consumerist society. … [Read more...] about And in Huh Duh News – South Africans are Still Not Saving Enough