Tag: financial literacy

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%.

While South African entrepreneurs are becoming more sophisticated in planning for long-term growth and succession, a critical and often overlooked insurance gap remains. This gap leaves a vast number of small and medium-sized businesses dangerously exposed. As a South African needs-matched life insurer, we provide a snapshot of business insurance trends.

Africa is home to arguably the world's youngest and fastest-growing population. A burgeoning middle class now seeks ways to build wealth and secure financial futures. Despite this enormous potential, millions of Africans still face exclusion from global investment opportunities.

The experiences of frontline workers are reshaping how companies handle employee engagement, communication and empowerment in a time where work is becoming more dispersed.

The rapidly developing financial landscape in South Africa is driving greater financial inclusion through innovative consumer credit approaches. At its core, this mission integrates alternative data, technological advancements, and a balanced strategy for innovation and risk management.

South Africa stands at a critical juncture, facing a confluence of challenges and opportunities that will shape its future. One of the greatest opportunities lies in retaining its young graduate professionals, who are a vital resource for driving the nation's growth and development.

Despite great strides being made towards shaping a more diverse and equitable future for the world of investment, many women still underestimate their abilities. A growing body of research, however, suggests that women’s natural traits may in fact put them at a significant advantage compared to their male counterparts.

Ask any budding young entrepreneur in South Africa what they need most, and they will probably rattle off a list as long as your arm: Some moola to invest in their business. A stable electricity supply. The eradication of crime that destroys businesses and results in financial loss. Lower borrowing costs. Reasonable interest rates. And the list goes on.

An oftentimes overlooked subject when it comes to effective parenting, empowering children with financial literacy from a young age is one of the greatest gifts parents can give to their children. As the world becomes increasingly complex, teaching your little ones about sound financial management isn’t just about educating them about what Rands and cents are or, how money works; it’s about equipping them with the skills and knowledge to navigate a financially savvy future.

In the wake of COVID-19 and the accelerated digitisation of financial services, the gap between South Africans who have highly developed financial literacy and those with little or none has not just widened – it has taken on new dimensions.  The consequences for South African society are dire.