Only just more than 50% of South Africans put money aside for an emergency, and a paltry 19% would be able to survive for three months if they were to lose their jobs, a new Budget Insurance survey has found.
"For consumers, emergency funds need to cover not only the potential loss of income but, at the same time, unexpected disasters such as a burst geyser, a car accident or even a sudden illness," says Susan Steward of Budget Insurance...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.