I am surprised people don't understand that the account can and should be used to invest with.
I agree that the account should be called a tax free investment account.
It's not that cars have gotten excessively expensive, although they have increased in price globally, the take away here is to understand how much poorer south Africans have gotten over the last 10 years in usd terms.
Obviously poorer than before (and a lot poorer than 10 years ago in USD terms), but I have also lived well below my means so lifestyle wise nothing has changed.
True, in reality we did get paid out from TERs which made up the shortfall for the most part. Although EOH likes to say that in an effort to quell questions during review time last year, the fact of the matter it wasn't EOHs money and the TERs payouts should not have been used as an excuse to...