Only 6% of South Africans will retire comfortably

Dec 6, 2019 6:51:56 PM Share this:

Given the low national savings rate and slow market growth locally and internationally, it should come as no surprise that National Treasury calculates that only about six percent of South Africans are on track to retire comfortably.

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Topics: Richard Gray, Harcourts South Africa, Retirement, Real Estate

Retiring inland

Aug 20, 2018 10:30:12 PM Share this:

What makes South Africa’s interior a popular retiree destination?

For many retirees, living longer has to be balanced against diminishing retirement funds – sell the family home and financially downsize. Dr Andrew Golding, chief executive, Pam Golding Property group, comments, “With people experiencing ever-increasing longevity and remaining active well into their senior years, there’s been an ongoing shortage of suitable, affordably priced retirement accommodation across all sectors of the market.” Chris Cilliers, chief executive and principal, Lew Geffen Sotheby’s International Realty Winelands, says, “The current retirement market is the baby-boomer generation, very different from their traditional, conservative predecessors. Conventional retirement does not cater to their needs.”

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Topics: Richard Gray, Harcourts South Africa, Retirement, Retiring inland