Over the past 50 years emerging and developing economies have significantly enhanced their contribution to global output from around 15% to well above 50%. Underpinned by strong domestic demand, private consumption and investment, a growth projection of 7% suggests that South Asia has the resilience and strength to weather the global slowdown and to continue to grow.
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It will come as no surprise to South Africans that Gauteng and the Western Cape were the only provinces in South Africa with an above-average rating in terms of being able to cater for the social and environmental needs of the people who live there.
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Wealthy people are becoming more active in the way their foundation assets are spent or invested. Impact investing, defined as investing in ventures that both make money and have a positive social or environmental impact is becoming increasingly popular
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This article notes that around the world, people are concerned that they will not have enough money in retirement. It also notes that while many people view retirement as a welcome reward following a successful career, the transition to retirement is not easy. Invariably, an enjoyable retirement depends on the amount of money people have set aside. saved.
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