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Does your lay-by agreement comply with the Consumer Protection Act?

27 September 2017

Unpacking topical issues and how they impact ordinary South Africans.

Bitcoin’s bite why central banks should clamp down on cryptocurrencies

20 September 2017

Few issues in central banking are more likely to provoke anxiety than the fear of losing control of one’s currency. Recent events have provided another perfect illustration of this point with the Chinese central bank banning initial coin offerings of bitcoin-based currencies.

Mind over matter and don’t think of the sharks

20 September 2017

It was Charles Darwin who said that it’s not the most intelligent of the species that survive but those who are the most adaptable to change.

Stokvels: The power of a collective

13 September 2017

The South African stokvel economy, with over 11 million local participants, is currently worth R49 billion. Stokvels are about “the power of a collective.” These individuals within the collective come together to pool money towards a common goal. The name stokvel originates from the term “stock fair” which describes cattle auctions run by English settlers in the 19th century. These stock fairs were a platform for farmers and labourers to socialise and pool money together to purchase livestock (African Response, 2012). Today, stokvels have many names such as ‘societies’, ‘umgalelo’ and ‘gooi-gooi’, to name a few. However, the essence of these groups remains to mobilise like-minded individuals towards achieving financial and social goals. More formally, African Response (2012) describes stokvels as a group of savings schemes providing for mutual and financial wellbeing as well as for the social and entertainment needs of their members.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

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