
<figure class="wp-block-image size-large is-resized"><img decoding="async" loading="lazy" src="https://cms.cnbcafrica.com/wp-content/uploads/2022/07/pexels-unique-digitals-10614240-820x615.jpg" alt="" class="wp-image-418585" width="736" height="552" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2022/07/pexels-unique-digitals-10614240-820x615.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2022/07/pexels-unique-digitals-10614240-300x225.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2022/07/pexels-unique-digitals-10614240-120x90.jpg 120w, https://cms.cnbcafrica.com/wp-content/uploads/2022/07/pexels-unique-digitals-10614240-768x576.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2022/07/pexels-unique-digitals-10614240-1536x1152.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2022/07/pexels-unique-digitals-10614240-scaled.jpg 2048w" sizes="(max-width: 736px) 100vw, 736px" /></figure>



<p>49% of South Africans are deemed financially illiterate and approximately only 5% of South Africans will be able to retire comfortably. These facts are beyond frightening considering just how big of an impact personal finances play in shaping an individual and a countries future.</p>



<p>“I believe financial literacy needs to urgently be introduced into the high school syllabus” says PocketFin founder and Entrepreneur Pierre Van der Merwe.</p>



<p>In a rapid moving world currently fuelled by dramatic developments in technology and access to information, it has now become easier than ever to self educate oneself in an array of important topics and skills. Unfortunately however many only start to understand personal finance and topics such as debt management and investing in their late 20’s or 30’s, often once numerous financial mistakes have already been made which could shape just how well or poor one’s financial health is determined all the way in to retirement. </p>



<p>”I have met with and proposed to the Department of Education that we urgently roll-out a financial literacy program both digital and print to learners age 16-18 as I believe the impact it could have on our youth can be monumental as they enter adulthood, this will ripple effect all the way into future generations” says Van der Merwe. </p>



<p>South Africa has approximately 26 000 schools with 6000 of them being high schools educating an approximate 13 million learners. The Department of Basic Education have been allocated a budget of R29.6 billion for 2022.  </p>



<p>In a strenuous time socially, financially and economically worldwide post the Covid 19 pandemic, especially emerging countries such as South Africa face rising inflation and interest rates, staggering unemployment especially amongst the youth and high levels of debt. This furthermore impacts the number of entrepreneurs and small business in South Africa and proves that action needs to be taken to improve opportunities and education which can ultimately lead to an increase in GDP, amongst other important figures for South Africa.</p>



<p>“Until something can be done to up skill our youth and sensitise high school learners to the topic of personal finance, I strongly encourage South Africans to spend just five minutes a day to learn about financial literacy” says Van der Merwe, who is on a personal mission to teach the youth about even the most simple of topics such as opening and managing a bank account, understanding debt and student loans and saving and investing. </p>



<figure class="wp-block-image size-large is-resized"><img decoding="async" loading="lazy" src="https://cms.cnbcafrica.com/wp-content/uploads/2021/01/CNBC-Pocketfin-Sign-Up-2x-820x320.jpg" alt="PocketFin - Financial School of Real Life" class="wp-image-396243" width="539" height="210" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2021/01/CNBC-Pocketfin-Sign-Up-2x-820x320.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2021/01/CNBC-Pocketfin-Sign-Up-2x-300x117.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2021/01/CNBC-Pocketfin-Sign-Up-2x-768x300.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2021/01/CNBC-Pocketfin-Sign-Up-2x-1536x599.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2021/01/CNBC-Pocketfin-Sign-Up-2x.jpg 1640w" sizes="(max-width: 539px) 100vw, 539px" /><figcaption><a href="https://pocketfin.co.za/" target="_blank" rel="noreferrer noopener">https://pocketfin.co.za/</a></figcaption></figure>



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pexels-unique-digitals-10614240

Why Financial Literacy needs to start at a grass roots level


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<figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="740" height="416" src="https://cms.cnbcafrica.com/wp-content/uploads/2022/03/106970721-1636033270223-gettyimages-1232591117-AFP_98Y9XM.jpeg" alt="" class="wp-image-415885" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2022/03/106970721-1636033270223-gettyimages-1232591117-AFP_98Y9XM.jpeg 740w, https://cms.cnbcafrica.com/wp-content/uploads/2022/03/106970721-1636033270223-gettyimages-1232591117-AFP_98Y9XM-300x169.jpeg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2022/03/106970721-1636033270223-gettyimages-1232591117-AFP_98Y9XM-160x90.jpeg 160w" sizes="(max-width: 740px) 100vw, 740px" /><figcaption>A doctor monitors a Covid-19 patient in the Covid-19 intensive care unit of the community hospital in Germany on April 28, 2021.
RONNY HARTMANN | AFP | Getty Images</figcaption></figure>


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South Africa may be entering fifth COVID wave – health minister

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<p>Engineering workers affiliated to metal workers union Numsa have threatened to go on strike over a wage dispute with employers in the sector.</p>


Numsa threatens industrial action in steel and engineering sector

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<p>Almost 80 per cent  of Africa&#8217;s C-suite executives are optimistic about business growth this year. This is according to Mazars Global C-suite Barometer. This view is supported by the short term strategies that the surveyed businesses have implemented. Anoop Ninan, Co-CEO at Mazars joins CNBC Africa for more.</p>


Majority of Africa’s C-suite executives optimistic about growth outlook

Majority of Africa’s C-suite executives optimistic about growth outlook, survey finds

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<p>Royal Bafokeng Platinum reported a 446 per cent jump in headline earnings per share, for the six months ended June. This is from the previous comparable period. The company&#8217;s earnings were supported by strong metal prices and growth in the business. Royal Bafokeng Platinum CEO, Steve Phiri joins CNBC Africa for more.</p>


Royal Bafokeng Platinum delivers 466% jump in H1 HEPS

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<p>The buy now pay later online shopping model is adding more variety to online shopping and to the credit landscape. The trend has gained popularity in places like Europe and the US, with some big investors buying into the space. But what is the situation looking like in Africa? Payflex CEO, Paul Behrmanni joins CNBC Africa for more.</p>


How the ‘buy now pay later’ model is changing the credit landscape

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<p>It’s been rather busy in the low cost airline space in South Africa with airlines having to suspend and resume operations several times due to Covid-19 lockdown regulations. Well, new comer, Lift airlines has also has not been immune to these conditions. They resumed operations on Sunday after pausing during level 4 of the lockdown. Lift Co-Founder, Gidon Novick joins CNBC Africa for more.</p>


Lift Co-Founder

Why lockdown level 4 didn’t clip Lift’s wings?

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<p>Last week, Treasury put in a proposal to allow South Africans partial access to their pension savings in a “two-pot system”.</p>


How Treasury’s proposal on pension funds could impact retirement industry

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<p>Zambia is preparing to go to the polls next week and President Edgar Lungu has ordered the deployment of the military to quell electoral violence ahead of the votes. The race is between Lungu and Hakainde Hichilema who has been detained several times since he started contesting the top job. The Electoral Commission has banned rallies as part of measures to limit the spread of the coronavirus but that hasn&#8217;t  stopped clashes between opposing political parties. Francois Conradie, Lead Political Economist at NKC African Economics.</p>


As Zambians head to the polls

As Zambians head to the polls, here’s what’s at stake

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<p>Trade unions representing Mango have accused parent company SAA from withholding workers salaries as blackmail to get them to backtrack on a court application to place the low cost airline in business rescue. They believe SAA want Mango to be wound down to make way for competing low cost carrier, Lift, which is owned by the consortium that&#8217;s been announced as SAA&#8217;s new equity stakeholder.  Zazi Nsibanyoni-Mugambi, President of the South African Cabin Crew Association joins CNBC Africa for more.</p>


Mango unions accuse SAA of blackmail

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<p>For the past few months, China has been cracking down on Bitcoin mining &#8211; a country that has about 75 per cent of bitcoin miners. What does this mean for the crypto mining space? And does Africa have an opportunity to contribute to the crypto mining ecosystem? Marius Reitz, General Manager for Africa at Luno joins CNBC Africa for more.</p>


Thinking of becoming a bitcoin miner? Here’s what you need to know

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<p>Yesterday, Zimbabwe&#8217;s Finance Minister Mthuli Ncube presented the 2021 Mid Term Budget and Economic Review. The Government has signalled strong economic growth in 2021, despite the Covid-19 threats. The growth forecast for the year has been upgraded from 7.4 per cent to 7.8 per cent. Joining CNBC Africa to discuss the current economic situation in Zimbabwe is Batanai Matsika, Head of Research at Morgan &#038; Co joins CNBC Africa for more.</p>


Zimbabwe: Business responds to Finmin Ncube’s mid-term budget review

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<p>Sibanye-Stillwater is pushing ahead with its battery metals strategy. The miner has bought Eramet&#8217;s Sandouville plant in France for $77 million. This marks Sibanye Stilwater&#8217;s second acquisition in the battery metals sector as it looks to capitalize on the global push for green technologies. James Wellsted, Senior Vice President for Investor Relations at Sibanye Stillwater joins CNBC Africa for more.</p>


Sibanye-Stillwater buys French Eramet’s Sandouville plant for $77mn

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<p>The Chemical Industries Training Authority has invested over R1.5 million in South African co-operatives this year. The organistion believes co-operatives have an important role to play in driving socio-economic development in the country and the chemicals sector. CHIETA CEO, Yershen Pillay joins CNBC Africa for more.</p>


CHIETA commits R1.5mn to support rural co-operatives in KwaZulu-Natal

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<p>The South African Human Rights Commission (SAHRC) has launched an investigation into employers forcing workers to be vaccinated, or else. Legal Consultant, Tony Healy joins CNBC Africa for more.</p>


Mandatory COVID-19 vaccination for workers: Here’s what you need to know

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<p>Anglo American has beat expectations, reporting a 262 per cent year-on-year jump in underlying Earnings Before Interest, Taxes, Depreciation, and Amortization.</p>


‘A milestone but not the best we can be’ – Anglo American CEO on record half-year earnings

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<p>MIC Khulisani Ventures, a R150 million early-stage investment vehicle targeting black-owned innovative, high growth businesses in South Africa. Mary Bomela, CEO of the Mineworkers Investment Company joins CNBC Africa for more.</p>


Southern Africa

Why Financial Literacy needs to start at a grass roots level

South Africa may be entering fifth COVID wave – health minister

Numsa threatens industrial action in steel and engineering sector

Majority of Africa’s C-suite executives optimistic about growth outlook, survey finds

Royal Bafokeng Platinum delivers 466% jump in H1 HEPS

How the ‘buy now pay later’ model is changing the credit landscape

Why lockdown level 4 didn’t clip Lift’s wings?

How Treasury’s proposal on pension funds could impact retirement industry

As Zambians head to the polls, here’s what’s at stake

Mango unions accuse SAA of blackmail

Thinking of becoming a bitcoin miner? Here’s what you need to know

Zimbabwe: Business responds to Finmin Ncube’s mid-term budget review

Sibanye-Stillwater buys French Eramet’s Sandouville plant for $77mn

CHIETA commits R1.5mn to support rural co-operatives in KwaZulu-Natal

Mandatory COVID-19 vaccination for workers: Here’s what you need to know

‘A milestone but not the best we can be’ – Anglo American CEO on record half-year earnings

This investment vehicle aims to empower innovative black businesses in SA

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Southern Africa

Why Financial Literacy needs to start at a grass roots level

South Africa may be entering fifth COVID wave – health minister

Numsa threatens industrial action in steel and engineering sector

Majority of Africa’s C-suite executives optimistic about growth outlook, survey finds

Royal Bafokeng Platinum delivers 466% jump in H1 HEPS

How the ‘buy now pay later’ model is changing the credit landscape

Why lockdown level 4 didn’t clip Lift’s wings?

How Treasury’s proposal on pension funds could impact retirement industry

As Zambians head to the polls, here’s what’s at stake

Mango unions accuse SAA of blackmail

Thinking of becoming a bitcoin miner? Here’s what you need to know

Zimbabwe: Business responds to Finmin Ncube’s mid-term budget review

Sibanye-Stillwater buys French Eramet’s Sandouville plant for $77mn

CHIETA commits R1.5mn to support rural co-operatives in KwaZulu-Natal

Mandatory COVID-19 vaccination for workers: Here’s what you need to know

‘A milestone but not the best we can be’ – Anglo American CEO on record half-year earnings

This investment vehicle aims to empower innovative black businesses in SA

News Tips

Advertise With Us

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