Real Estate Investor Magazine South Africa Real Estate Investor Magazine - April 2017 | Page 60

INVESTMENTS
Tax Free
Saving Accounts
Save Towards Your First Property Investment
BY JEAN BROWN
A
s South Africans, we have a lot of things
going for us, but a great savings culture isn’t
one of them. This is the number one reason
for the low savings rate and high debt burden among
most South African households today, maintains Jac
Laubscher, Group Economist at Sanlam.
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APRIL 2017 SA Real Estate Investor
The South African Savings Institute points to low
disposable income, low employment growth, a rising
tax burden and an inflationary environment as the
primary reasons for the poor savings rate in the country.
In addition to this is the general lack of confidence
that South African have towards the future.
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