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Reserve bank's quarterly bulletin reveals savings rate in SA

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July marks national savings month, where South Africans are encouraged to save money. The Reserve bank's quarterly bulletin has revealed that the savings rate in South Africa is currently at minus zero point 3 percent. And even the few who do save are not investing in growth assets that can beat inflation. South Africans also borrow more money than they save with household debt as a percentage of household income now stands at about 80%. Personal finance expert Maya Fischer-French says South Africans have started paying off their debt and are taking even less debt.For more news, visit: http://www.sabc.co.za/news

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SABC News actuality world news local news Reserve bank savings rate South Africa
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