A rent-to-own option gives consumers the freedom of not being “locked" into a contract for items ranging from tech devices like cellphones to beds, fridges and furniture.
Many people think it is complicated and expensive to save or invest on channels such as the stock market, says Mpho Ledwaba, head of marketing at the JSE.
South Africans prefer informal savings vehicles like stokvels over bank accounts, according to the Old Mutual Saving and Investment Monitor for 2017.
Start saving for lobola early to allow enough time to earn returns on your investment. Here are four possible short-term investment tools you can use.
It takes at least two years of diligent saving for homebuyers in their 20s to cough up an average deposit of R92 000, statistics show.
Set aside between 5% and 10% of your monthly petrol spend as a buffer against future price increases, says a personal finance expert.
With today's much lower returns, you'll need to save even more and for longer to reach your financial goals.Two experts discuss some of the savings vehicles available.... read more
Households are finding it increasingly harder to allocate income towards savings, a survey revealed.
Savings levels of working South Africans is still low at 15%, while the gross rate of savings for the entire population is at a shocking 3%, says an economist.
Squeezed South Africans have only one option to secure their future and that is to save, says an economist.
Millennials' long-term savings are directed to ensuring their financial freedom, but they are still neglecting saving for retirement, says an expert.
South Africans are indeed debt-laden, but one of the reasons they struggle to save is impulsive buying behaviour, says a debt expert.