'Respect brown and silver coins': Savings Institute

eNCA speaks to acting CEO of SASI, Gerald Mwandiambira. #Dstv403

JOHANNESBURG - Young people have embraced the culture of credit, making it difficult for them to save, according to the South African Savings Institute.

They are advising people to save by any means necessary, even by counting small change.

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SASI CEO Gerald Mwandiambira said "R999,999 is one rand short of a million.

"Respect the brown coins, respect the silver coins.

"Young people are embracing the credit culture, this is what's stopping people from saving.

"As you get out of debt, you can still save R10 a week, it's possible."

Source
eNCA