The 2025 Debt Rescue Consumer Savings Survey found that only 18% of South Africans save more than 10% of their monthly income, while 27% do not save at all. According to National Treasury estimates, only around 6% of South Africans retire with sufficient income to maintain their standard of living.
This highlights the importance of not only building savings but also protecting them. A single fraud incident can potentially wipe out years of hard work, careful money management and financial progress.