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News

Important Announement

The circular serves to communicate new developments that may impact your investment process in the RSA Retail Savings Bonds in future.

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Let's dive into the world of Government Bonds

Let's dive into the world of Government Bonds! Discover the ABCs of financial literacy and learn how Government Bonds can be a safe and reliable investment option.

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July is Savings Month – RSA Retail Savings Top Up Bond 1-year anniversary

The National Treasury in April 2023 celebrated the one-year anniversary of the launch of its RSA Retail Savings Top-Up Bond in the retail capital markets. This Bond has received an overwhelmingly positive response from the public, particularly from investors who lack significant financial resources but have the aspiration to start saving towards their financial goals. The RSA Retail Savings Top-Up Bond has garnered significant attention from a diverse group of investors since its inception on 1 April 2022. The launch of the Top-Up Bond is aimed at encouraging South Africans to adopt a savings culture. The National Treasury is dedicated to promoting financial responsibility among South Africans by providing innovative financial products that encourage saving and investment. In addition, the Treasury is committed to enhancing financial access and improving its services to support its goal of fostering a savings culture.

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RSA RETAIL SAVINGS TOP UP BOND LAUNCH

National Treasury, through its RSA Retail Bonds unit, has created a new and exciting bond savings product in a bid to encourage South Africans to save.

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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

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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.

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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.

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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!

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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

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