Rethink Black Friday: It’s not what you think it is – CAPITEC

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More than R2.4 billion worth of transactions are expected to take place in a single day on Black Friday. If you’re preparing to take advantage of Black Friday deals, think again. Consumers are advised to be cautious of “never before seen” deals offered by retailers, and especially taking credit for items they may not need. Building upon the launch of … Continued

GMW Money Box Challenge

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Piggy banks and money boxes have been around for thousands of years! The origins of the name ‘piggy bank’ dates to the Middle Ages when Pygg, an orange colored clay, was used to make pots to store money. The name pygg jars evolved to be known as ‘Pig Banks’, and the rest is history! How to join? Step ❶ Print out GMW … Continued

Focus on alternative savings during July Savings Month

The 2017 SASI (South African Savings Institute) July Savings Month was launched today in Sandton by Orlano Makubela, Chief Director of Financial Investments and Savings at National Treasury, and Sazini Mojapelo, Group Head of Citizenship at Barclays Africa, with a focus on encouraging alternative savings solutions. A panel of industry experts discussed developing alternative mechanisms to help South African consumers, … Continued

SASI July Savings Month 2017 Launch

The South African Savings Institute (SASI) will launch its traditional Savings Month Campaign at a breakfast event in Sandton on Wednesday 28 June 2017 where the Minister of Finance, Malusi Gigaba, will deliver the keynote address.   “Savings Month is SASI’s national savings awareness campaign, and the theme for this year’s drive, which runs during July, is “Alternative Savings Solutions,” … Continued

6 Challenges to Financial Inclusion in South Africa

World Economic Forum | 5 days ago South Africa is a country of well-known promise and peril. Despite being the largest economy on the African continent, the nation is plagued by high levels of unemployment, a poor education system and staggering income inequality. Underscoring the country’s struggle to translate its rich natural resources and other assets into social benefit, South Africa is … Continued

Savings Institute FAQ

What has changed since the campaign began 15 years ago? The SASI July National Savings Month was launched as it is around 2008, what has changed is that from being a SASI initiative, July is now widely accepted as Savings Month. The broader financial services community has embraced our concept and South Africa now actually takes time to take stock … Continued

SASI launches 2016 Savings Month Campaign at its 15th Anniversary

Sandton, 30 June 2016 – The 2016 SASI Savings Month Campaign was launched today at the Industrial Development Corporation (IDC) by Ismail Momoniat ,Deputy Director-General: Tax and Financial Sector Policy on behalf of the Deputy Minister of Finance Mcebisi Hubert Jonas. The South African Savings Institute (SASI), an independent non-profit organisation dedicated to developing a robust culture of saving in South … Continued

SASI Reflects’ on 15 Years and launches SASI July Savings Month

The South African Savings Institute (SASI) is an independent non-profit organization dedicated to developing a robust culture of saving in South Africa. At SASI’s launch in April 2001, then Finance Minister, Trevor Manuel, drew attention to the poor savings rate; disparate living standards; lack of financial literacy and the poor growth of our economy. He noted that these concerns may … Continued

Budget 2016 a Step in the Right Direction

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The recently announced budget is a move in the right direction in terms of fiscal policy, but was it a budget that was it savings friendly? Finance Minister Pravin Gordhan’s National Budget tabled on Wednesday afternoon in Parliament was a budget that spoke of greater austerity on government spending and indeed acknowledged the need for the country to try and avoid … Continued

Interest rate hike great for savers, worst nightmare for debtors

South African Reserve Bank (Sarb) governor Lesetja Kganyago said on Thursday the bank would increase the repo rate by 50 basis points. This means the repo rate, which is the rate at which the Sarb lends money to banks, will rise to 6.75%. The prime lending rate, the figure charged by banks to customers, will increase to 10.25%. The announcement … Continued

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