Kaya 959 Kaya Biz

SA has one of the lowest savings rates in the world

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GUEST – Amilah Costandius, Senior Manager: Strategy and Business Design at Deloitte Africa

South Africa’s savings rate is below that of its emerging market peers and is one of the lowest in the world at only 0.5%. This was revealed by Deloitte’s South African Investment Management Outlook 2023. The national savings rate measures the income households, businesses, and governments save. It is the GDP that is saved rather than spent in an economy.
9 May 2023 4PM English South Africa Business News · Investing

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