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Die nuusbrief en artikels is in Afrikaans op ons webtuiste beskikbaar.
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The number of South Africans who are planning to either save 'the same or more' over the next six months has decreased from 92% to 70% over the last six months according to a survey by
MasterCard on consumer purchasing priorities.
These figures suggest that people feel that there will be less available to save over the next six months. While perhaps not always actualised, people generally aim to save more than
they currently do and the only reason people would reduce the amount they plan to save is if they know there is no money to save. This was highlighted by the survey's findings that 83%
of the same consumers confirmed that they were uncertain about the economy. If they were saving it was for 'precautionary measures'.
On a more positive note just under half (47%) of the survey respondents who are planning to save 'the same or more' said 'retirement' is their top reason for saving which is a 10% increase
compared to the preceding six months, followed by 'investments' at 35%.
In recognition of July being Savings Month we have provided tips to our readers to find that little bit of extra cash to help them keep saving.
Kind regards
Steven Braudo
Chief Executive Officer. Liberty Retail SA
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Money for jam
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Where to start
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It ain't a pretty picture
The Reserve Bank's latest update paints a bleak picture for consumers writes Liberty economist Tendani Mantshimuli. |
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Read: The state of your pocket |
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The rand in free-fall
The rand's collapse not only affects overseas holiday makers – it will hurt all of our pockets. |
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Read: How the weak rand affects your pocket |
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Extra information
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Weekly Economic Updates
The Weekly Focus is a commentary on markets, the economy and investments prepared by Paul Hansen and Kevin Lings of STANLIB. You can read the latest developments every Tuesday by following the link on www.liberty.co.za.
Investment Portfolio Updates
Investment portfolios offered by Liberty: performance, risk profiles, asset allocation. Click here
Online Policyholder Servicing
Download tax certificates, view policy values and other information, update your details. Click here
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Your feedback is important to us - talk to us
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Thank you for the feedback we have received on these newsletters so far. Your comments and suggestions will help us to give you relevant information for planning and managing your finances.
Please keep talking to us and telling us what you think! You can email your comments to [email protected]
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'Liberty Group Ltd - an Authorised Financial Services Provider (licence no. 2409)'
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Need to talk to us?
If you have any questions about your policy or this email, we look forward to hearing from you at [email protected]
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The information contained in this communication, including attachments, is not to be construed as advice in terms of the Financial Advisory and Intermediary Services Act of 2002 ("FAIS") as the writer is neither an appointed representative of Liberty, nor a licensed financial services provider as contemplated in FAIS. Please consult your financial adviser should you require advice of a financial
nature and/or intermediary services.
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