Standard Bank estimates 29% of emerging high-income South Africans don’t have emergency savings [SOUND]

# Standard Bank says South Africa’s tough economic conditions have left many consumers struggling to build emergency cash savings. Standard Bank’s Doret Jooste  says more than 52-percent of entry level private banking clients have less than one month of their salary saved in immediately accessible cash savings available, to use in the event of unforeseen circumstances such as retrenchments or urgent medical procedures. Jooste  says those earning between 25-thousand-rand and 58-thousand-rand a month, 29-percent had no accessible emergency savings: