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How to strike the right balance between caution and growth

Daily Maverick

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August 22, 2025

With inflation now at about 3%, the Reserve Bank cut rates by 0.25 basis points.

That's great for borrowers, but I'm a 68-year-old pensioner living off the interest from a 32-day call account. I know it’s not ideal — no growth and I'm just spending the interest. I have R5-million. Can I do better without taking big risks?

Answer

A call account is safe, but three things will hurt you over time:

Daily Maverick

यह कहानी Daily Maverick के August 22, 2025 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

क्या आप पहले से ही ग्राहक हैं?

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