Every country that has successfully transitioned from poor to prosperous has done this through elevated savings and investment.
- Professor of Economics, Finance & Strategy at the Gordon Institute of Business Science, University of Pretoria
South Africans saving for retirement should do whatever it takes to keep their funds invested.
South Africa is making improvements to repair the country’s weak state of saving. The changes have important implications for people planning for retirement.
The ratings agency downgrade decision is not a surprise. It’s a wake up call. South Africa has its work cut out.
South Africa has had three finance ministers in four days. President Jacob Zuma will live with the fall-out for the rest of his term. Markets have a long-term memory and won’t easily forget.
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