A NEW and affordable savings plan, aimed at the lower end of the market, has been launched by Sanlam. The Halala savings plan enables one to save as little as R50 a month over a minimum period of 10 years. Sanlam brand manager for the emerging market, Jimmy Makgato, on Wednesday said that there were few savings products that catered specifically for the lower end of the market. “While Sanlam has been playing a highly significant role in the emerging market where social involvement is concerned, we have not yet focused enough attention on developing products and services aimed at assisting the lower end of the market to achieve its financial aspirations,” Makgato said.
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