Nine in ten South Africans can’t afford to retire

• Nine out of 10 contributing members are still not on track to replace at least 75% of their final pensionable salary, so there is considerable work to be done,
• South Africans have struggled to build adequate savings as years of weak economic growth, high joblessness and rising living costs put pressure on household finances.
• The company has paid out about R17 billion under that arrangement since September 2024.