Namibians prefer paying for funeral cover to saving for retirement

Written by Maggy Thomas on 27 April 2017.

WINDHOEK, 27 APR (NAMPA) – More Namibians prefer to spend money on funeral cover and their children’s education policies than to put money away for retirement, a study on saving and investment has revealed.
Old Mutual Namibia conducted a study on saving and investment in 2016 to determine the kind of savings and investment vehicles used by urban working Namibians.
The study was also aimed at understanding Namibians’ level of debt and what kind of debt they have as well as repayment periods and patterns.
Pre ...