Fast Fact:

Saving

Stokvels: According to the National Stokvel Association of South Africa (NASASA), there are more than 800,000 stokvel groups (savings or investment groups) in South Africa with around 11.5 million members. NASASA estimates that total savings amount to R49 billion annually. (www.Eighty20.co.za)

The importance of keeping a clean credit record

The importance of keeping a clean credit record Most people know that the way they manage their credit is tracked, but don’t realise the role a credit record will play in their future financial wellbeing. “A credit record is the documentation detailing payment history of current and previous debt,” says Nico van Staden, Head of...
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Consumers making fewer ATM cash withdrawals

Consumers making fewer ATM cash withdrawals 29 March 2017 – For the first time ever, FNB data is showing that middle income earners are making fewer cash withdrawals at ATMs and instead opting to use point of sale devices, electronic transactions and cash tills from select retailers. “For our Gold account customers who earn from...
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