Share

How COVID-19 has exposed SA’s low rate of savings

Countries all over the world are on a mission to lessen the negative effects of COVID-19. This week in Europe, we have the EU Summit working on a recovery package and in South Africa we have the Reserve Bank interest rate meeting where an interest rate cut is expected. The sudden and dramatic impact of COVID-19 has also highlighted how unprepared South Africans are for unforeseen financial shocks. Kevin Lings, Chief Economist at Stanlib joins CNBC Africa for more.

Mon, 20 Jul 2020 16:06:48 GMT

Sign Up for Our Newsletter Daily Update

Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.