The South African Reserve Bank Quarterly Bulletin report reveals a damning picture of South Africa’s extremely poor level of household savings.
It’s not only residential users of water who must focus on water saving, but owners of small businesses too.
Did you know that you can now contribute up to 27,5% of your income towards retirement, and receive a tax deduction for this? You pay less tax, while you are making important provision for old age.
It was regretful that stokvel and burial society leaders did not make comments on the Treasury Budget 2014. The budget represents a critical aspect of the way in which national resources are being spent.
If consumers do not reduce their levels of debt, improve their money management skills, and try to put aside money for emergencies, education, retirement, the savings ratio in SA will not improve.