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WATCH: SA not saving for long term

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Cape Town - If the savings ratio continues to decline we will not have enough money to invest in the economy, says Chief economist at Old Mutual investment, Rian Le Roux.

A lack of investment contributes to a low economic growth rate, which means a rise in unemployment and a poor economy. At the moment we are investing more than saving.

Roux explains that the additional money to fill the gap, comes from foreigners who invest in our economy. If foreigners decide to no longer invest in our economy, then we are in trouble.

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