Sanlam report reveals bleak future for South Africans
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GUEST – Nzwa Shoniwa, Managing Executive: Sanlam Corporate Umbrella Solutions
Key findings from the report include:
· 63% of South Africans are anxious about their finances;
· 87% are financially stressed, and for 58% this is impacting physical and/or mental well-being;
· One in five employed South Africans do not have medical aid;
· 25% do not have any form of retirement savings;
· 46% of respondents are struggling to meet basic monthly needs like food and rent
Key findings from the report include:
· 63% of South Africans are anxious about their finances;
· 87% are financially stressed, and for 58% this is impacting physical and/or mental well-being;
· One in five employed South Africans do not have medical aid;
· 25% do not have any form of retirement savings;
· 46% of respondents are struggling to meet basic monthly needs like food and rent
