In South Africa, retirement planning is essential for financial security and stability. With an ageing population, retirement planning is becoming increasingly important as more people reach retirement age without the necessary funds to sustain themselves.
The cost of living in South Africa continues to rise each year, making it difficult for retirees to maintain their lifestyles on a fixed income. Furthermore, due to the economic situation of the country, retirement savings are not always enough for individuals who have been unable to plan or save throughout their working life.