Following our appraisal globally, we’re looking closer to home to get a better picture of how SASSA pensions compare to the rest of Africa.
Following our appraisal globally, we’re looking closer to home at how SASSA pensions compare to the rest of Africa. Image: AdobeStock/File/FotorFollowing our appraisal globally, we’re looking closer to home at how SASSA pensions compare to the rest of Africa. Image: AdobeStock/File/Fotorpension is anywhere from four-to eight-times less.
Africa is a rapidly ageing continent. Less youth means less alternative support for old-age pensioners. Image: Filethat delves into pensions on the African continent. The report notes that there are very few private pensions disbursed and most are state funded. Similarly, Africa is a rapidly ageing continent. The United Nations predicts that by the yearpeople will be over the age of 60. In fact, over 60s represent the fastest growing population group in Africa right now.
So, within the context of urgent need for pension reform on the continent, how do SASSA pensions compare to the rest of Africa? The OECD points out that African nations are utilising vastly different earnings-related systems, so comparing like-for-like is difficult. Nevertheless, some easily distinguishable traits are:Nigeria and Kenya offer occupational state pensions.
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