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South Africans with access to credit plan to save more
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Newspaper Article
South Africans with access to credit plan to save more
2009
Overview
Rodger George, the consumer business industry leader at Deloitte South Africa, said many South Africans saw investing in property as a reliable form of long-term investing. \"Since we are in a buyer's market, South Africans who can afford to will be looking to invest in property,\" he said. Given that South Africa was in a recession, George said, it was hardly surprising South Africans planned to save more. Anton van der Merwe, MasterCard Africa's vice-president of commerce development, said it seemed that the Reserve Bank's 4.5 basis point interest rate cut since December had given South African consumers additional purchasing power.
Publisher
Independent Online (South Africa)
Subject
