The View Point

#JulySavingsMonth – how much do we spend on funerals


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South Africa is the world’s 4th most expensive country for dying, with 13% of the annual average wage used to pay for funeral costs. For many people who do not have funeral cover, burying a loved one is unaffordable, and they are forced to use savings that were intended for education or retirement, while others go into debt to pay for funerals.

While our funeral plans are designed to enable South Africans to be celebrated with a funeral as unique as them, without a budget and careful planning, costs can escalate and cause extreme financial hardship for those left behind.

Guest: Katlego Mokwana, Metropolitan Branch Manager, Soweto  

 

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The View PointBy SAfm