Tag Archives | south africa


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 savings clubs encourage investors to remain disciplined and committed to saving each month. In a recent press release, Noluyolo Betela, client relationship […]

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South African Customer Satisfaction Index – Who has the most satisfied customers?

The latest South African Customer Satisfaction Index (SA-csi) for life insurance has just been released and it shows who has the most satisfied customers in the country. According to Consulta that conducted the research, life insurers face “their biggest battleground” yet in South Africa. Contributing factors are: a heavily constrained economy; high unemployment; a growing […]

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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 that is released to support the national drive to strengthen South Africa’s savings culture. The inaugural measure was taken in 2009 and […]

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Retirement – Guide your client to retire comfortably

Most South Africans can’t afford to retire. The fact is that the majority rely heavily on income from a salary because their pension income is insufficient to support them. According to the 2019 Old Mutual Savings and Investment Monitor, a large number of South Africans earning at least R15 000 a month were delaying retirement because […]

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Car-jamming – Three ways to keep safe

According to South Africa’s crime statistics, South Africa has a serious car hijacking problem. It was recently reported that a total of 16 325 cars were carjacked between 2017 and 2018 – a minimal decline from the 16 717 reported car theft incidents in 2016. Marius Steyn, underwriting manager at Santam recently shared that car-jamming also continues […]

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South Africa’s top 20 hospitals – Patient ratings acts as a catalyst to change

Now in its fifth year of reporting, Discovery Health just released its annual list of 20 leading South African hospitals as rated by patients through the Patient Survey Score (PaSS). The Top 20 list is based on aggregated surveys completed by members of medical schemes administered by Discovery Health rating their in-hospital experience across various aspects […]

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South African Stokvels – Membership increases year on year

Working together and saving as a group has become a major driver in savings culture. According to recent Nedbank research, 11 million South Africans are members of stokvels with around R44 billion saved in 820 000 stokvels in South Africa annually. The National Stokvel Association of South Africa also indicated that the stokvel market has been touted to […]

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FinTech – Insight into the South African players and facing challenges

RMB recently released the SA FinTech in motion Report. The paper looked at who the FinTech players are in South Africa as well as the ecosystem in which they operate. According to the report, the South African financial services sector is undergoing rapid change in the face of increased technological adoption and the accompanying consumer […]

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