Nethengwe to lead OM Bank as launch draws near
With regulatory approval secured, Old Mutual Bank is set to debut later this year, offering a digital-first banking experience tailored for South Africa’s mass market.
Savings
Confidence in the economy at an 8-year low, Old Mutual research finds
Latest Savings & Investment Monitor contains insights into South Africans’ appetite for investment risk and investing offshore.
Why do more South Africans feel better about their financial prospects?
According to a graph in this year’s Old Mutual Savings & Investment Monitor (OMSIM), 72% of respondents expect their financial prospects to improve over the next six months, whereas only 5% believe they […]
Vehicle insurance – Five ways to reduce premiums
2020 has been a tough year and many people are looking for ways to decrease their expenses. Many have considered it, and some have already cancelled their car insurance to ease the financial […]
Investing post-retirement – Not an ‘either-or’ proposition
“We all tend to live in an ‘either-or’ world where we think we need to choose between two, often opposing, things or outcomes. Peanut butter or marmite? Red or white wine? For simple […]
Savings and Investments – Financial adviser plays key role in financial education
Old Mutual’s Savings & Investment Monitor also points out that there is no greater time than now for people to make responsible and informed financial decisions to ensure they can withstand the pressure […]
South African Savings Institute Awareness month – More focus on savings and expert advice
July Savings Month is the South African Savings Institute SASI’s annual national savings awareness campaign. In 2020, the #waystosave campaign includes an educational portal. “We’re focused on building a savings culture in South […]
SA Savings culture – Financial Advisers have huge role to play
“Financial advisors today are really life coaches who help clients explore their life goals and set pathways and milestones to help them achieve those goals,” Nirdev Desai, head of sales at PSG Wealth […]
Savings clubs – Perhaps time to consider as an alternative?
The National Stokvel Association of South Africa estimates that there are well over 800 000 stokvel groups in South Africa. Over 11.5 million South Africans have joined savings clubs and stokvels. These statistics show that […]
Old Mutual Savings and Investment Monitor – Painting a brim picture of South Africans’ money matters
“Tracking trends provides valuable insights into the current and future financial services needs of our customers.” This is one of the objectives of the Old Mutual Savings & Investment Monitor, an annual study […]
Savings rate at all time low – South Africans are saving less
Investec and GIBS publish the Investec GIBS Saving Index, which measures South Africa’s savings rate and the country’s savings behaviour. In a radio interview, Dr Adrian Saville, CEO of Cannon Asset Managers and […]
ASISA Retirement Savings Cost Disclosure Standard
– Aims to build trust not expose hidden costs “Big financial services companies may soon need to find new ways to pad their earnings, as a new industry standard is threatening to expose […]
