Saving not all about tax breaks - expert

Cape Town - While calling on SA policy makers to provide more tax breaks, South African consumers should address their own behaviour as well, cautioned René Grobler, head of Investec cash investments.

In her view, the latest quarterly update of the Investec GIBS Savings Index emphasises that all stakeholders in society need to pay attention to the very real deficit that SA has in its savings environment.

The latest data indicates the extent of the SA savings deficit and the large gap that exists between planned economic growth of 5.4% per year - in terms of the National Development Plan - and the ability of the SA economy to fund that growth.