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.
(48 VIEWS)
Four of the world’s largest banks are all in China. Assets of the Industrial and…
Zimbabwe is one of the 27 countries in the world where the richest 0.1% of…
Zimbabwe has been ranked third among the least free countries in Southern Africa but it…
I had always considered it a curse for a wife to die before her husband.…
This is a true story about the challenges and loneliness I faced when my wife…
My first long-form article in booklet form: Why I had a girlfriend two months after…