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Last year, in what was an exciting first for the financial services industry, Foord Asset Management published a beautiful children’s picture book about saving and investing. The book, More Than Enough, has been translated into three languages and is now available in isiXhosa, isiZulu, Afrikaans and English.
South Africans are well-known for their participation in stokvel saving schemes where members contribute a fixed monthly amount that is paid out to a specific member on a specified date. Employers can integrate these payments into existing processes to make it safer and more convenient for those members.
While women have made great strides in entrepreneurship over the past decade, female entrepreneurs still lag behind their male counterparts when it comes to raising capital. While the goal remains to close any funding gap that exists in this regard, a positive upshot has been that many women business owners have proved to be resource-efficient by necessity.
The rise of new technologies and fin-tech has made investing simpler, more transparent and cheaper than ever before, leading many to adopt a DIY-approach to their finances. So, in a world where investing is as easy as ordering take-out, what are the dangers of self-managing your investments, and why should you consider seeking professional financial advice?
With the recent significant investments made by hyper-scale cloud providers in South Africa, it is becoming increasingly apparent that cloud adoption is maturing in the local market, as enterprises realise that different aspects of their business require different platforms.
On 9 August 1956, over 20,000 women of all races and ages from every corner of South Africa marched together towards the Union Buildings in Pretoria. These brave women were marching in protest against the pass laws that proposed even further restrictions on the movements of women.
From Trump’s trade wars and Brexit woes to the looming threat of a credit rating downgrade in South Africa, rising waves of political and market volatility have left more and more investors wondering whether it wouldn’t be better to keep assets safely tucked away in cash.
As the afterglow of the festive season fades, we turn our attention to planning for the next 12 months and beyond. This is a great time to reassess where we are in our journey to financial well-being.