SA's gross rate of saving at shocking 3%

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Johannesburg – Savings levels of working South Africans are still low at 15%, while the gross rate of savings for the entire population is at a shocking 3%, said Old Mutual Investment Group strategist, Rian le Roux.

Le Roux spoke to Fin24 following the launch of the Old Mutual Savings and Investment Monitor at the JSE on Wednesday.

The survey looks at the saving and investment behaviour and attitudes of working South Africans who live in metros, and consists of face-to-face interviews with 1 000 South Africans.

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