The month of July is recognised as National Savings month but there continues to be concern around the country’s low savings rate. Many continue to suffer, partly because of the financial distress brought on by the COVID-19 pandemic….add to this, both inflation and interest rates are rising, increasing the cost of basics such as food, transport, housing and debt. So just how are South Africans fairing in these tough economic times?
Naledi Totana is a Compliance Officer at National Debt Advisors…she joins us now for the following discussion
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