Tag: financialliteracy

The book arrives at a time when many women are seeking ways to strengthen their financial independence and build a more secure future. Financial Confidence for Her Wellbeing is a practical guide that helps women build a stronger relationship with money. It also gives them the confidence they need to make informed financial decisions.

When two architects design the same house independently, they do not create a stronger house. Instead, they create misaligned foundations. Every now and then, a client tells me they use two financial advisers. The explanation is almost always the same. They value a variety of opinions and feel more comfortable knowing multiple professionals oversee their wealth.

April’s Financial Literacy Month provides an opportunity to reflect on progress. It also highlights where the next phase of financial inclusion must focus. While access remains foundational, the real challenge lies in outcomes. Specifically, credit must deliver sustainable and positive results for consumers. Over the past decade, South Africa has expanded access to financial services. This progress has strengthened financial inclusion across the country.

For years, a familiar narrative has shaped our understanding of South African consumers. It suggests they are over-indebted, under-saving and prone to conspicuous consumption. Statistics often reinforce this view. These include low household savings rates, rising unsecured lending and high levels of personal debt. On the surface, the conclusion seems obvious. However, it remains incomplete.

For at least three decades, South Africa’s financial services industry has raised the alarm about the urgent need to increase consumer savings. Yet little has changed. The elephant in the room is clear. Unless we meaningfully close the gap between product availability and true independent advice, this will not change.

As South Africa enters a new year, many people still feel the financial aftershocks of the December holidays. Pressures from the final quarter of the previous year continue to linger. For countless families, festive cheer has faded quickly. In its place, a harsh reality has emerged.

Stop stressing about money. This new, no-fluff guide focuses on building wealth in South Africa. As South Africans look to reset their finances in the new year, chartered accountant and content creator Nokuhle Kumalo-Chamoto releases her highly anticipated guide, Boss Your Money: Learn the Wealth Creation Formula. From the outset, Boss Your Money positions itself as a practical response to everyday financial anxiety.

South Africa faces rising operational costs and sluggish growth. As a result, business owners must keep adapting, persevering, and innovating to stay ahead. During this Global Entrepreneurship Week, entrepreneurs should pause and assess their own capacity. I believe financial literacy for entrepreneurs strengthens decision-making and boosts long-term stability.