South Africa is infamous for the worst savings rates in the world, with a multitude of surveys telling us it is difficult to save when you cannot make ends meet while struggling to pay off debt, says Cheslyn Jacobs, chief commercial officer of TymeBank.
"After years of unrelenting financial pressure, our customers had to become financially disciplined and resourceful," he says.
"This will make it easier for them to get back on their feet when things start to improve, helped by the drop in fuel prices and what we hope is the first of several interest rate decreases."
This story is from the September 30, 2024 edition of The Citizen.
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This story is from the September 30, 2024 edition of The Citizen.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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