CAPE TOWN – After retirement, 51 percent of South Africans cannot make ends meet, this is according to the annual Sanlam Benchmark Survey.
Increasingly, retirees are having to embark on a second career or start a small business after they formally leave work. Even for those who save carefully, it is challenging to live comfortably for 30 years on only a small percentage of your salary from the previous 40.
During Entrepreneurship Month, which runs each year in November, retirees are being encouraged to turn to the internet to make money to help supplement their golden years: “The web allows a flexible schedule and the ability to work from home, perfect for someone who doesn’t want to face traffic or needs a reduced work day. All you need is an internet connection and an online presence to get started,” says head of local hosting company 1-grid.com, Thomas Vollrath.
When it comes to how to make additional income online, Vollrath says the key is to think about what skills you have to offer and then use online targeting to tap into a niche market. He offers the following ideas for post-retirement careers: