People are cutting back on holidays, entertainment, clothes and shoes as well as beauty and hair. They’re also cutting back on armed response.— Lynette Nicholson
People aren’t cutting back on DSTV and M-Net.— Lynette Nicholson
It’s not only black youth that take care of their parents. It’s becoming universal in South Africa.— Lynette Nicholson
Nicholson discussed the science of our savings behaviour.
Scroll down for quotes from the audio below.
We estimate R50 billion are in stokvels.— Lynette Nicholson
We see a large decline in people helping family.— Lynette Nicholson
Contractual savings have a better result.— Lynette Nicholson
About 40% of working urbanites don’t have a pension fund or retirement annuity.— Lynette Nicholson
South Africans under 30 – about 75% of them – expect they’ll have to take care of someone in future.— Lynette Nicholson
South Africans want instant gratification.— Lynette Nicholson
How early you start saving is key.— Lynette Nicholson
Generations Z is saving for the latest electronic device. The mind-set is ‘I want the best now’.— Lynette Nicholson
6% of South Africans can retire comfortably.— Lynette Nicholson
You don’t have control over the markets. But you do have control over how much you save and for how long you save.— Lynette Nicholson
Fewer households are saving.— Lynette Nicholson
Recommendedby THE NEWSROOM
Bruce Whitfield interviews Dr Adrian Saville, Professor in Economics at Gibs and Chief Strategist at Citadel.
I earn peanuts, yet I’m slowly (but surely!) on my way towards never having to work for money ever again in my life.
A supersaver explains how she managed to invest R2.6 million and turn it into a whopping R3.7 million.
Fund managers do from time to time go bankrupt. Here’s what’ll happen to your Retirement Annuity if yours does…
Warren Ingram, Financial Advisor at Galileo Capital, has these tips for anyone wishing to retire a decade or so from now.
Is there a single best way to build your wealth so you can retire with dignity? Yes, there is, despite costs and limitations.
Many people falsely believe they do not have to save for retirement because they own the home they live in.
4 popular, yet patently false, beliefs about stock market investing that's holding you back.
Ndlozi explains the significance of the the first chapter of his thesis: 'Trauma in the archives'.
United States President Donald Trump has disclosed his first stop on an African visit.
The style of visual arts architecture has become part of a few impromptu tours by Jeffrey Cole in the underrated East Rand.
Flux Trends founder Dion Chang gives five reasons why he believes getting a degree is past its sell by date.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
The National Student Financial Aid Scheme (NSFAS) will pilot a new funding model in 2017. NSFAS chairperson Sizwe Nxasana explains.
A new online tool has been developed to put what you pay your domestic worker into perspective.