Johannesburg – Saving is largely dependent on willpower and discipline, according to the South African Savings Institute (SASI).
Chairperson Prem Govender explained that South Africans have to improve their attitude to saving, given the credit ratings downgrade and the low growth economic environment.
“Many South Africans are struggling to save not only due to income challenges, but also the lack of willpower and commitment,” said Govender.