Savings rate at all time low – South Africans are saving less

Investec and GIBS publish the Investec GIBS Saving Index, which measures South Africa’s savings rate and the country’s savings behaviour. In a radio interview, Dr Adrian Saville, CEO of Cannon Asset Managers and Professor at Gordon Institute of Business Science (Gibs), discusses South Africa’s savings rate that is at a real-time low, with Bruce Whitfield.

According to Saville, it is not through lower tax rates that the savings rate will rise, but through changing consumer behaviour. Currently, South Africans are overspending and underinvesting.

Click here to listen to The Money Show interview.

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