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Tag Archives | Saving

Consumer optimism wanes as pandemic continues to weigh on incomes

Consumer optimism wanes as pandemic continues to weigh on incomes

Twenty-six percent of South Africans expect they will invest more or increase their retirement fund contributions over the next three months, while the same percentage say they will invest and contribute less, if the results of TransUnion’s third-quarter Consumer Pulse Study are anything to go by. The online survey, conducted in English, of 1 100 […]

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Stokvels – Primary means of saving for many South Africans

Ask Afrika is conducting independent research on an ongoing basis to understand the socio-economic impact that the Coronavirus, lockdown and gradual reopening of the economy has on South Africans. The latest results show that during advanced level 3 of the lockdown, citizens have been mindful of their spending, with half having to borrow money to […]

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OM Saving & Investment Monitor – The future does not look too rosy

The 2020 Old Mutual Savings & Investment Monitor shows that a staggering 58% of South African households are facing high or overwhelming financial stress as the Covid-19 crisis knocks savings and raises debt levels. The annual survey has tracked the shifts in habits and attitudes towards saving and investing of South Africa’s working metropolitan households […]

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Changing behaviour – A new savings culture

Investec and Adrian Saville, professor of Economics and Competitive Strategy at the Gordon Institute of Business (GIBS) have joined hands in researching and analysing the major issues regarding savings and investment in SA. The Investec GIBS Savings Index for SA, started three years ago, has become an important barometer and measure of savings levels in […]

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South African fintech in 2019 – What can we expect?

According to Wikipedia financial technology, often shortened to FinTech or fintech, is the new technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance. In an earlier Personal Finance article, Dominique Collett explores the South […]

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