The Investec GIBS Savings Index was launched yesterday in Johannesburg. A score of 100 represents SA’s pass mark for national savings measured against the country’s structural high watermark or the average scores of 13 countries termed the “savings stars”. These countries – namely Botswana, Brazil, China, Hong Kong, Indonesia, Japan, Malaysia, Malta, Oman, Singapore, South Korea, Taiwan and Thailand – have sustained an average economic growth rate of 7% per year for 25 uninterrupted years or more. These countries also have five common attributes: a high rate of investment, outward economic orientation, macroeconomic stability, market allocated resources and a competent government. (more…)
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