TARIF: Why South Africa Needs Savers

The Africa Review in Five highlights African current affairs from a Christian perspective. Listen and subscribe through Youtube, Apple Podcasts, or Spotify.

Today is Friday, September 22nd, A.D. 2023. This is The Africa Review in Five, written by Paul Schlehlein and presented by Yamikani Katunga.

Why South Africa Needs Savers

According to Business Tech in May 2023, South Africa saves at a shockingly low level compared to its market peers. 

You can determine savings rates by subtracting the consumption costs from your income and then dividing it again by your income. For example, if you make R10,000 a month and spend R9,000 that month, your savings rate is 10%. 

Countries like Brazil, South Korea, the United States, the Eurozone, and India all have savings rates above 10%. South Africa’s savings rate is 1%.

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MM 41: Should Marriage Conform To or Counter Culture? (Part 1)

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First a story. Anthony Norris Groves was one of the great missionaries in the 19th century, a gifted evangelist to the Muslims of Bagdad and father-in-law to George Müller, though he is largely forgotten today. He trained to be a dentist before he became overwhelmed with missionary zeal. Problem was, his wife didn’t want to go. Back in those days, you couldn’t try out missions for a year or two and come back if you didn’t like it. It was all or nothing. Most missionaries died early on the field.

Instead of forcing his wife Mary to go, he was patient with her. He pushed a little and she broke down. Not the time. Then she grew spiritually and the Spirit did the work. He pushed a little more, but the time did not yet come. Finally she burst into tears and committed to give all their possessions away and leave for Bagdad. 

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