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South Africa’s baby boomers generation comprised 13.2% (7,1m) of the country’s 54 million people in 2015 – two-thirds higher than the global number where 8.5% of the world population is older than 65 years.
This is according to a US government-commissioned report, An Aging World: 2015, in which it predicts the global population aged 65 years and older in 2050 to make up 17% of all people on earth.
“The growth outlined in these statistics is due to the extensive work done in South Africa to improve healthcare services,” says Dave Cameron, director of Cameron Property Group, developer representative for Mount Edgecombe Retirement Village. “Another aspect adding to the longevity of the elderly is that the ‘baby boomer’ generation, within their 50s and 60s, is remaining healthy and active, thus living longer.
“In the coming years, it’s evident that there are going to be far more retirees and in terms of infrastructure, South Africa isn’t adequately prepared to deal with this growth.”
This is clearly evident in the fact that many established retirement villages in South Africa have up to 20-year waiting lists. This gap in supply has prompted a large number of private developers into the retirement accommodation and lifestyle estate game.
Here is a useful list of private mature lifestyle villages across the country.
Heritage Estate, Modderfontein
Featherwood Estate, Pretoria
Riverside Manor Retirement Village, Sandton,
Midstream Estate, Centurion
La Vie Nouvelle Retirement Estate and Wellness Centre, Broadacres Johannesburg
Mount Edgecombe Retirement Village in Kindlewood Estate
Forest Village, Sheffield Beach
Bateleur Estate, Nelspruit
Knysna Lifestyle Estate, Knysna
Zevenwacht Lifestyle Estate, Stellenbosch
The Plettenberg Manor Exclusive Retirement Resort, Plettenberg Bay
The Somerset Lifestyle & Retirement Village, Somerset West
It’s clear that while many more retirement options are currently being planned, more are needed to ensure the country’s current and future demand are met.
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