Financial inequality is exacerbated by the pandemic
August 13, 2021
Charnel Ernstzen, Managing Director of National Debt Advisors (NDA) The Covid-19 pandemic has taken a heavier financial toll on women than it has on men. Even before Coronavirus arrived, there was clear evidence of entrenched…
National Treasury proposes two-bucket system
August 13, 2021
Alexander Forbes National Treasury released a media statement on 11 August, noting that government and other stakeholders are exploring a ‘two-bucket’ system to address retirement fund members’ conflicting needs for longer-term financial security and short-term…
Five ways to boost your kid's financial future
August 12, 2021
Lynn Bolin, Head of Communications at Prudential Investment Managers Doing all you can to instil good financial habits in your children can have far-reaching benefits for them and for you. Launching your child into the…
Prudential achieves Level 1 B-BBEE status
August 12, 2021
We are very proud to announce that we have recently attained a Level 1 Broad-Based Black Economic Empowerment (B-BBEE) rating. This follows our latest Financial Sector Council scorecard audit that was finalised in July 2021, based on…
National Treasury In response to the many media queries, National Treasury wishes to provide more details on the approach and planned timelines concerning the proposal to allow for greater preservation with limited pre-retirement withdrawals from…
Bank of Ghana partners with Giesecke+Devrient to pilot first general purpose Central Bank Digital Currency in Africa
August 12, 2021
The Bank of Ghana partners with Giesecke+Devrient (G+D) to pilot a general purpose Central Bank Digital Currency (retail CBDC) in Ghana, West Africa. G+D is providing the technology and developing the solution, adapted to Ghana’s…
Why women-led businesses will play a crucial role in South Africa’s economic recovery
August 10, 2021
The outbreak of COVID-19 has disproportionately affected women, leading to what is now being referred to by some as a “shecession.” This finding – supported by the recent South African Women Entrepreneurs Job Creators Survey – (conducted…
Even with a high banked population and a multitude of electronic payment options available, the average South African still use cash for daily purchases and payments with an estimated 78-80% of transactions being in cash. …
