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News

SURVEY SHOWS INCREASE IN IMPACT OF DEBT ON SOUTH AFRICAN LIFESTYLES

The findings also reveal that confidence in the South African economy has plummeted to an all-time low of 31% - a considerable decrease from 55% in 2015 - with two thirds of respondents describing their level of financial stress as overwhelming or high

PERSONAL FINANCE

National Savings Month began this week with the acknowledgement that as South Africans we are saving, but not enough and not necessarily in the right places.

IMPORTANCE OF SAVINGS AND INVESTMENT

Sir Arthur Lewis is famous throughout the world for his contribution to economics. He was born on the island of St Lucia in the Caribbean and was Professor of Economics at the universities of Manchester, UK, Princeton, USA and the University of the West Indies.

NATIONAL SAVINGS MONTH

July is National Savings Month – a national savings awareness campaign by the South African Savings Institute (SASI), which was established 10 years ago to encourage South Africans to save. SASI’s message is simple: Save today to have a better life tomorrow!

SOUTH AFRICA RESERVE BANK DISCONTINUE CHEQUES

Cheques will no longer be used in the national payment system. The South African Reserve Bank (SARB), Financial Sector Conduct Authority (FSCA), Payments Association of South Africa (PASA) and the Banking Association South Africa (BASA) are jointly communicating to the public that the issuing and the acceptance/collection of cheques will cease, effective from 31 December 2020