South Africa revises retirement rules to boost national savings and improve economic growth.

South Africa is revising its retirement rules to enhance national savings as its household savings rate is among the lowest globally at 0.5%. The country aims to boost savings, which play a crucial role in funding capital investments, leading to economic growth, job creation, and increased incomes. These changes in retirement rules will have significant implications for individuals planning for retirement.

July 28, 2024
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