South Africa's middle class is running out of money – here's how many will struggle to survive a financial emergency
South Africa’s middle class is running out of money – here’s how many will struggle to survive a financial emergency Subscribe The national lockdown revealed that very few South Africans have emergency savings on hand, which is why many struggled to make ends meet when the pandemic struck and had to make do with lower, or a complete a loss of income for a few months. FNB Retail chief executive Raj Makanjee says that the accepted best practice in becoming financially resilient is having emergency savings available that is equal to at least three months’ worth of income or take-home pay...
Source: businesstech.co.za