Have you recently received your first salary? Are you itching to head to the shops and spend your hard earned money on a treat for yourself?
You might find that now that you are earning a salary you are being approached by various credit providers with appealing offers for store cards and credit cards. You might be tempted to take up these offers so you can spoil yourself to a new outfit or a new cellphone.
The Credit Bureau Association (CBA) has released a 5-part video series, that features three young people who are furthering their studies and want to apply for credit. Watch the series to see how the way that they spend and repay their loans affects their ability to obtain credit later when they start their working life. The Credit Bureau Association (CBA) is a voluntary industry body, representing 13 of the registered credit bureaus within South Africa.
The WageWise financial literacy programme is currently running a radio campaign on five regional radio stations. Each week we host a talk show with a qualified financial planner who is a member of the Financial Planning Institute of Southern Africa (FPI) and some of the WageWise workshop trainers.
These talk shows included lively discussions on various financial literacy topics, all intended to help the listeners deal with financial challenges they may be experiencing, especially during these difficult times resulting from the Covid-19 pandemic and the lockdown. Listeners were also invited to call in with any questions they had. Learn more about the radio talk shows and listen to the podcasts. Read more
The COVID-19 lockdown has had a massive impact on businesses. Businesses both small and big may close down and this means that many more South Africans may be without work. While many others may experience a reduced income during this period.