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Tag Archives | south africa

financial-advice

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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economy

Momentum/Unisa South African Household Index Q4 2018 – R449.8 billion of household’s net wealth wiped out

The Momentum/Unisa South African Household Index of Q4 2018, found that 6.3% of households’ real net wealth was wiped out over the course of just one year. This is the largest reduction households suffered since the Great Recession when 15.6% of their real net wealth disappeared between Q1 2008 and Q1 2009. Fin24 reports that the Household Index […]

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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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BANKS

South African best banks – Digital agility key to success

Forbes recently partnered with market research firm Statista to measure the best banks in nearly two dozen countries, including South Africa. The banks were rated on overall recommendation and satisfaction, as well as five sub dimensions, namely trust, terms and conditions, customer services, digital services and financial advice. Between 5 and 60 banks were identified […]

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POPI and social media

The purpose of the POPI Act is to ensure all South African institutions conduct themselves in a responsible manner when collecting, processing, storing and sharing another entity’s personal information by holding them accountable should they abuse or compromise personal information in any way. Linda Graham from FinCommunications recently questioned how the rules of POPI apply […]

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Bok Rugby Beter

Die meeste van ons sukkel nog om die impak van Saterdag se oorwinning oor die All Blacks reg te verwerk. Van die meer sober gedagtes wat sedertdien aan die lig gekom het, is dat ons weer nie in die tweede helfte kon voortbou op ‘n stewige fondament nie. Die All Blacks het 12 punte aangeteken, […]

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Africa – Economic freedom is improving in SSA

The Heritage Foundation and Wall Street Journal released the 2014 version of the Index of Economic Freedom on January 14. Globally, this measure of economic freedom is improving, with the global average freedom score reaching an all-time record of 60.3 out of 100 (where 100 is best). The global average score increased by 0.7 points […]

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