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Since the breaking of the Steinhoff saga, a lot of attention has been paid to corporate governance and the way that companies are run.
There’s a widely held belief that philanthropy is the same thing as charity. It’s an understandable misperception because while the purpose of charitable giving is primarily to alleviate the suffering caused by social problems; philanthropy works mainly to address and reverse the cause of that suffering.
Regardless of economic circumstances, geographical location or level of formal education, everyone deserves equal access to financial products and services that can improve their current financial knowledge, daily habits and future opportunities. Financial literacy is key for this level of inclusivity to be realised.
Throughout history, the world has been exposed to numerous economic bubbles. From Japan’s real estate and stock market bubble in 1990 to the dot-com bubble and US housing bubble, each one had dire consequences for the economy and detrimentally impacted millions of people. Whether Bitcoin is destined for a similar fate remains a rife debate among investors and cryptocurrency experts alike.
What do you believe will be the biggest challenge when the COFI framework is finally implemented?