Monday, January 13, 2025

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You can still save and get good returns

High interest rates increase the income opportunity of one’s savings and investments

IN A volatile economic landscape, the importance of prudent financial planning and savvy saving strategies becomes more critical than ever.

When inflation is high, the value of money seems to shift like sand beneath our feet, with a knock-on effect on interest rates and the cost of living. Despite this, it’s encouraging to see many individuals and families continuing to explore ways to save.

Fixed deposits, tax-free accounts, and savings accounts are some of the most popular ways to save money for the average South African. However, it’s crucial to make sure that your money is working for you, as inflation can im-pact the value of your savings.

During high inflation and ….

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