Household Saving Rate in South Africa increased to -0.10 percent in the third quarter of 2019 from -0.20 percent in the second quarter of 2019. Personal Savings in South Africa averaged 4.71 percent from 1960 until 2019, reaching an all time high of 23.80 percent in the second quarter of 1972 and a record low of -2.50 percent in the fourth quarter of 2013. source: Statistics South Africa
Personal Savings in South Africa is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Personal Savings in South Africa to stand at 0.60 in 12 months time. In the long-term, the South Africa Household Saving Ratio is projected to trend around 0.60 percent in 2020, according to our econometric models.