Tag: Buy Now Pay Later (BNPL)

South Africans are significantly indebted, with a large portion of their monthly income going toward servicing debt. This means that for every R100 of disposable income, South Africans currently owe R62.70. We’ve observed a combination of high interest rates, rising living costs and slow income growth driving the high levels of indebtedness.

South Africa's youth are navigating a complex financial landscape. They face high unemployment, limited financial literacy and the rise of digital credit options. As of the first quarter of 2025, the youth unemployment rate (ages 15 - 24) stands at a staggering 62.4%.

By 2030, Generation Z (Gen Z) will be the biggest-spending generation across much of Sub-Saharan Africa. Already, South Africa's youngest consumers are transforming how the country pays. I have seen that for Gen Z, speed, choice and digital convenience are not just nice to have. They are non-negotiable.

In certain quarters, art has become an increasingly attractive alternative investment as part of a diversified portfolio. One of its biggest advantages is that, at the very least, it tends to hold its value. Over time, it can also increase in value. In the meantime, buyers get to enjoy their acquisitions.

Generation Z, born between the late 1990s and early 2010s, is moving into the workforce and becoming one of the most influential consumer demographics. Retailers will need to adjust their strategies if they are to remain relevant for this highly educated, socially aware and digitally connected cohort.

Generation Z, born between the late 1990s and early 2010s, is moving into the workforce and becoming one of the most influential consumer demographics. Retailers will need to adjust their strategies if they are to remain relevant for this highly educated, socially aware and digitally connected cohort.

This article present some thoughts on how mobile money, cross-border payments and ‘buy now, pay later’ are transforming the financial sector, particularly in emerging markets, for the better. Last year saw an unprecedented rate of change in the financial sector, with huge growth in the use of digital financial services.

In an environment where everything is changing - the way we work, travel, meet and shop - the world of credit is adapting quickly. The pandemic isn’t the sole cause of this, as fintechs have been upending traditional banking models for years. Here’s what we see for next year.