How to Become More Savings Savvy
South Africa has unfortunately adopted a culture of not having savings. With many South Africans not hesitating to borrow money from banks, and most not able to distinguish between what they need and what they want has resulted in a crisis.
In this interview Wikus addresses the drive necessary to rebuild a culture of savings. This will help South Africans become more savings savvy. In order to do this the consumer needs to be educated about what savings are and how to manage it correctly. Wikus talks about various ways in which people can save, as well as how to take the first step toward setting up a savings plan.
Watch the CNBC Africa interview below.