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Despite the increasing financial pressures experienced by South Africa’s working metro population, there has been a slight improvement in South Africans’ confidence in their own ability to make responsible financial decisions.
Rising prices and the ailing economy are driving some South Africans to work multiple jobs to provide additional income to support their lifestyles (55%), save for a rainy day (45%) and pay off debt (43%), according to the research findings of the 2017 Old Mutual Savings and Investment Monitor released today.
With the South African economy in recession and households under increasing financial pressure, South Africans need to urgently review their financial situation and consider adjusting their lifestyles.