Consumers cautioned about reckless spending


In credit-hungry South Africa, where household debt is at 75.4% of disposable income while the household savings level remains at a mere 1.7% of GDP, the South African Savings Institute (SASI) faces the momentous task of reminding consumers about the need to spend wisely and set aside a portion of their end of year earnings, in order to meet both new year requirements and future household financial demands. This is part of the SASI mission to develop a robust culture of saving in South Africa.

Consumers cautioned about reckless spending during the festive season