About the Monitor

Since 2009, Old Mutual has probed the savings and investment habits of working metro households in South African through a biannual survey. And the research keeps finding that many households are caught between their limited incomes and the deep desire to save for their retirement or their children’s education.

Read the latest research results from the Savings & Investment Monitor to get an overview of what working South Africans feel about their financial situation and savings and investing behaviours.

Old Mutual's objective in conducting this research and sharing the findings with the market is to encourage an urgent change in mindset and behaviour when it comes to savings. Savings should not be viewed as what’s left at the end of the month but rather should be viewed as a regular monthly expense that has a long term benefit and should be put away each month in the best savings or investment vehicle to suit ones needs.

Old Mutual believes the key to changing this mindset involves two simple actions. Firstly, get expert financial advice. Let the experts tell you what will work best for you in terms of your needs analysis and future aspirations. Secondly, be financially educated by understanding your finances, managing them and being in control of your future.

About the Monitor

The Old Mutual Savings & Investment Monitor surveys the savings and investment habits and attitudes of working metro households in South Africa.

The main objectives are:

  • To stimulate national debate and raise awareness of the importance – and urgency - of saving and investing wisely
  • To enable individuals to compare and relate their own savings behaviour with those of other households
  • To create a comprehensive, consistent and credible research base as reference for the financial services sector - for appropriate product and market development

When it happens

The survey is conducted twice a year: every May/June, for the July update, and every September/October for the November update.

Successive updates of the data have created an invaluable statistical insight into the attitudinal and behavioural patterns around savings in South Africa. Because the research framework is consistent, it can be compared year on year; and trends, patterns and effects are easy to identify.

Who it is for

The Old Mutual Savings & Investment Monitor differs from other surveys in that every effort is made to report its results in a consumer-friendly way.

By sharing its findings with the public and making the facts easy to access and understand, Old Mutual aims to empower ordinary South Africans to take control of their own financial futures. Old Mutual is committed to helping people do great things with whatever money they have, and guide them to make decisions that will protect and benefit them and their families in the future.

What’s more, by encouraging South Africans to save, Old Mutual is helping to strengthen the overall economic future of South Africa’s economy. There is a proven link between a nation’s savings habits and its economic growth prospects.

Why it is useful

This research enables Old Mutual to act on facts. It can apply its experience and knowledge to current needs and lifestyle trends to develop great new ways of partnering with South Africans to prepare financially for a stronger, better future.

In other words, through the Savings and Investment Monitor, Old Mutual is able to contribute towards the financial wellbeing of South Africa, while building on its reputation as South Africans’ service provider of choice for savings and investment advice, tools and products.

About the methodology used

The survey has a 95% confidence level with a small confidence interval of 3.1% that lends credibility to the survey that was conducted by an independent research company, Peppercorn Research. The research company is a member of the SA Marketing Research Association that governs research practices in South Africa.

Each survey sample comprises of 1000 South African households in the main metropolitan areas of Johannesburg, Pretoria, Cape Town, Durban, Port Elizabeth and East London and Bloemfontein. For each update a different sample of 1000 working households is interviewed. All respondents are working either in the formal or the informal sectors to ensure that the survey sample is reflective of the country’s working metro population of around 5 million. The comprehensive household income sample ranges from less than R3 000 per month to more than R40 000 per month.

The survey takes the form of face-to-face interviews rather than telephonic interviews as this is a more accurate way to get a representation of a working metro household. Where applicable, couples are interviewed together. The sample is quota-controlled per household income and metropolitan area to ensure that key segments within the sample have sufficient bases for analysis. The survey data is then weighted to the working metro SA population to get an overall picture. All the results are then analysed by gender, age, generation, income levels, education levels, language, life-stage, area, LSM levels and race.

Where to find it

View the latest results from the Old Mutual Savings and Investment Monitor.