South Africa’s retirement savings gap leaves millions exposed as old age approaches
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South Africa ranks 51st out of 55 countries regarding retirement provision. Millions of people in the country lack enough savings for their old age. This problem is worsened by the rise in living costs. Voluntary workplace schemes also contribute to the deepening retirement challenge.
South Africa ranks 51st out of 55 countries for retirement provision, with millions lacking adequate savings as voluntary workplace schemes and rising living costs deepen the retirement challenge.