Posts categorised by Life & money

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Open Banking – How you will benefit from it

As discussed in our Slice newsletter this week, Open Banking is the term used to describe the sharing of your financial data through electronic and secure means with third parties (like 22seven) of whom you have approved.

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How Open Banking Can Change Your Life  📂

Open Banking involves the consensual sharing of your financial data to third parties, in a secure manner, in an effort to help improve your financial situation. South Africans would benefit immensely from a similar regulatory environment that currently exists in places like the UK.

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South Africa’s credit rating is junk – will yours be too?

South Africa has been downgraded over time to junk status. Our growing and unstable Debt-to-GDP ratio is a large reason for this.

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Printing Money to Save SA? 🖨

Government’s debt has been increasing each year since 2008. The reason boils down to two simple concepts that everyone is familiar with: spending too much, earning too little or a combination of the two. The current pandemic looks set to worsen our levels of debt. A country’s debt is typically measured as a percentage of… Read more →

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Changing gravity with interest rates

Suppose one morning you wake up to discover gravity had been reduced – you can now jump higher and weights in the gym feel lighter. Almost all physical activities are easier to complete. This all sounds superb, but highly improbable.

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Building BRICS

Amidst all the headlines dominating the news recently, you may have missed one relating to a R19 billion loan taken by the South African government from the New Development Bank.

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What’s The Rand Doing?

The South African Rand has taken a hit in the past few weeks as a result of many factors including the Coronavirus, rating agency downgrades and a poor economic outlook.

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Don’t Obsess Over Your Investments

Today’s post comes from Hendrik Brand. Hendrik blogs about personal finance and financial independence at Tigers on a Golden Leash.

My Financial Journey: Kay Carmichael
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My Money Journey: Kay Carmichael

My story I’m Kay and I’m a freelance storyboard artist living in Cape Town. This is the story of my money-journey. I come from a formerly well-off family that gave me a lot of advantages in life: paid-for studies, my first car, private school education. Things went south with our finances before I left home,… Read more →

Economics of a Big Mac
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The Economics of a Big Mac

You’re probably wondering what the Big Mac has to do with economics. This humble burger has actually proven to be a useful tool for comparing different countries’ economies around the globe. This story deals with indices, so to start off, let’s look at what an index is. An index is a way of measuring something… Read more →