SA's gross rate of saving at shocking 3%

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

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.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
14.01
-0.1%
Rand - Pound
19.81
-0.1%
Rand - Euro
17.00
+0.0%
Rand - Aus dollar
10.94
+0.3%
Rand - Yen
0.13
+0.0%
Gold
1,834.01
-0.2%
Silver
27.47
-0.5%
Palladium
2,960.00
+0.7%
Platinum
1,240.50
+0.0%
Brent Crude
68.55
+0.3%
Top 40
61,802
+0.8%
All Share
67,674
+0.6%
Resource 10
71,454
+1.2%
Industrial 25
85,149
+1.2%
Financial 15
12,481
-1.4%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 1411 votes
No, I did not.
52% - 3540 votes
My landlord refused
28% - 1878 votes
Vote