Posts categorised by Life & money

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.

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.

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

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 →

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.

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.

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.