Unlocking the True Value of TFSAs for South Africans
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Unlocking the True Value of TFSAs for South Africans
Unlocking the True Value of TFSAs for South Africans
Satrix Managers
Q3 of 2024 | 8 months ago
South Africa’s national savings rate fell to 14% in 2023. The country has one of the world’s worst savings rates compared to its emerging market peers. This has an inevitable knock-on effect, with the Financial Sector Conduct Authority (FSCA) finding that 90% of the population cannot continue the same standard of living in retirement. In the current high-inflation, high-interest cycle, financial advisers have a pivotal role to play in helping clients to save – and invest – what they can.
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