This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print this page

Are we grasshoppers or ants?

A retirement fund member’s perspective on preservation


In a broader context, preservation can be termed as the protection or safeguarding of any asset or natural resource to prevent it from destruction or decay. In the context of a retirement fund, preservation means the act of safeguarding one’s benefit in a retirement fund over a long period so as to ensure adequate income after retirement.

In the South African context, the history of preservation is very poor. This is further compounded by the roughly 25% unemployment rate and an informal sector that does not fall within the ambit of any savings pool. Furthermore, within the formal sector there is a general tendency to cash in one’s savings whenever the opportunity arises, either through a job change or when experiencing personal financial difficulties. This increases the burden on the state due to more people becoming dependent on social grants. There is thus a great need and responsibility not only on the state but on every individual to try to preserve and increase the saving culture of the nation as a whole.

Stay connected:


Material on this website is © 2014 Deloitte Global Services Limited, or a member firm of Deloitte Touche Tohmatsu Limited, or one of their affiliates. See Legal for copyright and other legal information.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

Get connected
Share your comments



More on Deloitte
Learn about our site


Recently blogged