stay IN THE game
Why you can (or may need to) start a microbusiness in retirement.
Just because you’re retired doesn’t mean you have to stop working. In fact, you probably need to keep at it: according to specialist retirement income company Just South Africa (justsa.co.za), about 90 percent of us Saffers reach retirement with insufficient income to maintain our standard of living.
A 2018 study conducted by Just SA found that many South Africans have retirement savings of less than R1 million (from which R5500 can be drawn monthly) and insufficient assets to support their retirement income needs. And the fact that we’re living about 30 years longer than our great-grandparents means we’re likely to outlive our assets.
Women also typically live four years longer than men, which indicates that it’s mostly women who carry the burden of a sudden drop in income later in life.
Whether you started salting away money a bit late, hit a few bumps on the road to retirement or just want to use your time more meaningfully, you’ll find these women who started microbusinesses with little capital and a whole lot of imagination truly inspiring!
CLASSIC MARMALADE
Clare Yeowell
Clare Yeowell (74) has been making artisanal marmalade and jam
