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A modern strategy to avoid South Africa’s retirement shock | SA News

A recent report from the analytics group Eighty20 has laid bare a sobering reality facing South Africa: a great divide in retirement. The data paints a stark picture of two distinct groups: a minority of “comfortable retirees” and a much larger group of “humble elders,” financially fragile and often reliant on credit or state grants to survive.

The statistics are alarming. According to the National Treasury, as few as 6% of South Africans are on track to retire comfortably. This is reinforced by rising loan defaults among the 65+ age group and…

Environmental Reporting: Publications are increasingly focusing on environmental
issues, raising awareness about climate change and conservation.

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  2. Fun South African Fact: SA has three capital cities: Pretoria is the Executive Capital, Cape Town the Legislative Capital and Bloemfontein the judicial Capital.