Retirement reforms: what impact will they have on your provident fund?
Regardless of your type of retirement fund, you will now only be able to receive one third of your retirement savings as a lump-sum payment.
8 min read
Saving for South Africa
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Unpacking the side hustle: a continuation of the Investec initiative, Saving for South Africa
Saving for South Africa is an Investec initiative that was born out of the necessity to drive the conversation around savings in South Africa. Specifically, we ask what saving means for South Africans and how savings can change a country.
A crucial part of the conversation is the need to start talking about creative ways for people to augment their savings through a second income stream – the side hustle. How can a side hustle add to your income and savings – thus helping yourself and the country? The current stories covered in our series unpack these questions and more.
René Grobler and Nic Haralambous unpack the side hustle
Securing your financial future through your side hustle.
Why was the Investec GIBS Savings Index developed?
"Fresh thinking and a new perspective on the savings dilemma that we face as a nation."
René Grobler - Investec Cash Investments head
Listen to the latest podcasts in our Saving for South Africa podcast series
"Financial and mental resilience"
Saving for South Africa – part five
Prof. Adrian Saville, Maya Fisher and Dr. David Rosenstein talk about mental and financial resilience.
The Savings Index is devoted to stories of transformation and change, stories of countries, communities, and families that make the journey from "poor" to "prosperous". These are not stories of miracles that peddle in false hope or that are filled with naive optimism. The cases covered deal with common problems, common ingredients, and examine how ordinary places become extraordinary. Can finding new income streams contribute to increased savings? Find out more by downloading the report.
Download report
The Investec GIBS Savings Index
The Investec GIBS Savings Index aims to unpack the real facts about South Africa’s decline in savings and create an aspirational benchmark for savings in South Africa.
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Our instant access deposits offer you immediate access to your funds, while ensuring you still benefit from a competitive rate. Save from R100,000 initial deposit and choose from a prime-linked or money-market linked rate. You may withdraw and top up funds whenever it suits.
When you're happy to give notice
Our notice deposit accounts reward you with enhanced returns. You receive flexible notice terms to suit your needs, a prime-linked or money market-linked rate. Save from R100,000 and you may top up your funds as and when needed.
Rewards for long-term savings
Our fixed deposit accounts enable you to lock your savings away for a fixed term (not accessible until maturity), while you benefit from higher rates of interest. Save from R100,000. You have the choice of a fixed or prime-linked interest rate as well as the availability of a tax-free product option.
Easy access to your money
Our instant access deposits offer you immediate access to your funds, while ensuring you still benefit from a competitive rate. Save from R100,000 initial deposit and choose from a prime-linked or money-market linked rate. You may withdraw and top up funds whenever it suits.
When you're happy to give notice
Our notice deposit accounts reward you with enhanced returns. You receive flexible notice terms to suit your needs, a prime-linked or money market-linked rate. Save from R100,000 and you may top up your funds as and when needed.
Rewards for long-term savings
Our fixed deposit accounts enable you to lock your savings away for a fixed term (not accessible until maturity), while you benefit from higher rates of interest. Save from R100,000. You have the choice of a fixed or prime-linked interest rate as well as the availability of a tax-free product option.
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