#Savings: SA sees rise of the Slasher to beat money blues

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Johannesburg – South Africans are trying to beat the economic slump by becoming Slashers, individuals with more than one consistent stream of income, the Old Mutual Savings and Investment Monitor for 2017 revealed.

Lynette Nicholson, research manager at Old Mutual, spoke to Fin24 following the launch of the survey on Wednesday.

The term Slasher emerged as far back as 2007 and is a worldwide emerging trend, where someone has two or more jobs to provide an additional source of income, said Nicholson. “For example I am a research manager by day, slash, a yoga teacher at night,” she explained.

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