Save now for retirement

The majority of South Africans will retire with insufficient resources, the chairman of the South African Savings Institute said on Friday. "Many of us will experience a significant reduction in our welfare, to the extent of living close to the poverty line," Elias Masilela said. "It can be shown that for people to be able to retire comfortably, they may have to save an extra 25percent of their income."- I-Net Bridge

The majority of South Africans will retire with insufficient resources, the chairman of the South African Savings Institute said on Friday. "Many of us will experience a significant reduction in our welfare, to the extent of living close to the poverty line," Elias Masilela said. "It can be shown that for people to be able to retire comfortably, they may have to save an extra 25percent of their income."- I-Net Bridge

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