Retirement Age in South Africa
Most South Africans will now need to work until they are 80 to retire comfortably. This was revealed by Sanlam Corporate’s study based on over 300,000 Sanlam Umbrella Fund members, demographic trends, actuarial data, and economic factors affecting the country’s retirement outcomes. “Our internal member data indicates that while 65 remains the official retirement age, the majority of South Africans cannot afford to retire at this age,” said Sanlam Corporate […]