A new survey by Old Mutual Unit Trusts found that millennials are saving more than their parents, but they are investing less. The survey of South African millennials — or those born between 1981 and 1996 — found that only 44% were investing in pension or provident funds, compared with 61% saving money in a bank account, Business Day reported. Old Mutual MD Elize Botha spoke to Business Day TV to give some insight into the survey and its findings.
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