Financial Mail

Evergreen looks good

- @jamiecarr

Many a punter who has seen the wallet inflate as a result of following PSG or its spawn will have been more than a little interested in the announceme­nt coming out of Stellenbos­ch last week.

The quantum of investment may have been rather less than what a different PSG (Paris Saint-germain, in that case) spent to acquire the services of a certain Neymar da Silva Santos junior, but there’s every chance the local version’s stake in Evergreen Lifestyle will keep on making returns for considerab­ly longer than the useful life span of a striker.

Evergreen prides itself on developing and managing retirement villages that are a far cry from the old lockem-up and dish out treble sedatives school of looking after the elderly. This sticks it right at the sweet spot of a number of secular trends, notably that the old model of hitting retirement, sitting quietly in your slippers for a couple of years then shuffling off this mortal coil is way out of date. Today’s retirees can look forward to decades of productive living, with medicine banging longevity up ever higher.

Many have also acquired some loot over their careers, and can pay handsomely to be in a secure community in a decent location, with nurses on call if and when required and, in the meantime, all the water aerobics and bridge evenings they could possibly wish for.

Gender imbalance can become an issue at these establishm­ents, with women’s greater longevity meaning that any remaining widowers can end up in considerab­le demand, but if you stick a turbo on the mobility scooter you should be safe enough.

Retirees today can look forward to decades of productive living, with medicine banging longevity up ever higher

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