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.
The post How COVID-19 has exposed SA’s low rate of savings appeared first on CNBC Africa.
Source : African Media Agency (AMA)
