South Africans last year saved on average R2.80 for every R100 of their disposable, or after tax, income, the latest Housing Review from ABSA says.
Apparently this was an improvement from 2011 when they saved R2.70 for every R100.
The bank said that the amount households saved was not sufficient to pay a deposit when financing property, a vehicle or household appliances.
(19 VIEWS)
Plans by the ruling Zimbabwe African National Union-Patriotic Front to push President Emmerson Mnangagwa to…
The Zimbabwe government’s insatiable demand for money to satisfy its own needs, which has exceeded…
Economist Eddie Cross says the Zimbabwe Gold (ZiG) will regain its value if the government…
Zimbabwe’s capital, Harare, which is a metropolitan province, is the least democratic province in the…
Nearly 80% of Zimbabweans are against the extension of the president’s term in office, according…
The government is the biggest loser when there is a discrepancy between the official exchange…