The Investec GIBS Savings Index for SA, started three years ago, has become an important barometer and measure of savings levels in the country. Toward the end of last year, Investec also released a comprehensive report ”Path to Prosperity for SA” – a note that is devoted to stories of transformation and change, stories of countries, communities and families that make the journey from ‘poor’ to ‘prosperous’.
In a recent podcast, a panel comprising of Dr. Adrian Saville, Dhiren Mansingh and Professor Mcebisi Ndletyana discuss the latest Investec GIBS Savings Index print number as well as the current state of our nation’s savings.
In the podcast Dr Saville shares that 2019 ended with a mood of improved sentiment, but at the start of 2020 this sentiment has dropped. “It is not as rosy as the end of 2019,” he states. He explains the three pillars (Flow, Environmental and Stock) of the index and mentions that the Stock pillar, that measures the long standing pool of savings that has been built in SA over decades, provides strong structural support to the economy.
In the podcast the panel looks at resilience and how it impacts both individual and corporate.
Click here to listen to the podcast.