Don’t overlook retail savings bonds as an investment
THE option for South Africans to save in government-backed RSA Retail Savings Bonds has been running since 2004. In exchange for your investment over two, three, five or 10 years, you are paid interest at a rate that is set at the start. As at March 6, the total assets held in these bonds was R8.7 billion.
Over the five years from 2014 to 2019, RSA Retail Savings Bond investors who reinvested their interest saw compound annual growth of up to 10.31%,
