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Are South Africans saving smarter? Debt keeps closing in

South Africans are planning for retirement. Photo by Thato Moiketsi @ Pexels
South Africans are planning for retirement. Photo by Thato Moiketsi @ Pexels

Eric Kasongo

Senior Journalist and Strategic Researcher specializing in political economy, mining, energy, and financial markets across Central and Southern Africa, with a strong focus on data-driven analysis and regional investment.
  • 73% of under-60s now have retirement plans, up from 60%.
  • Two-pot withdrawals expose tensions between present needs and future security.

 

JOHANNESBURG, SOUTH AFRICA — South Africans are planning more seriously for retirement, but rising debt and living costs are testing whether those plans can endure.

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