18 Aug 2021
Retirement terminology 101
By Staff Writer
Unfortunately, we don't have to look very far in South Africa to locate frightening statistics about the state of retirement in our country. The Sanlam Benchmark Survey of 2020 showed that 61% of South African pensioners couldn't make ends meet. The 10X South African Retirement Reality Report 2020 found that nearly half (49%) of South Africans do not have a retirement plan.