Money – Page 2 – Shangazine

Have Your Insurance Premiums Doubled? This Is Why!

On: April 25, 2018

Many business owners often grapple with insurance premium increases without taking time to understand what leads insurers to hike premiums. Malesela Maupa, Head of Insurer Relationships at FNB Insurance Brokers, says understanding some of the common factors that impact the price of premiums can help businesses plan ahead for unavoidable increases when drawing up their budgets. Maupa unpacks five reasons why insurance premiums have doubled over the past five years: Claims frequency and severity – There has been a substantial increase in the frequency and severity of losses in the past five years, which has had a huge impact on risk underwriting and insurance premiums. Insurers operateRead More →

Coming Soon: Mobile Bank Account

By: Hlulani Masingi

On: April 19, 2018

In: Lifestyle, Money

With: 0 Comments

Have you heard? There’s a mobile bank account that allows unbanked and underbanked South Africans to use a feature phone or a smartphone to open a bank account without ever walking into a branch. On 18 April 2018, First National Bank (FNB) announced the launch of eWallet eXtra which will have no monthly fees and you will not be required to submit any paperwork, requiring only your name, surname and ID number on a mobile device. The solution will be available by June 2018. Gugu Zikhali, FNB Head of Transaction Products: Mass Market says “This is a simple, accessible and cost effective solution. If youRead More →

How To Manage Debt as a New Graduate

By: Hlulani Masingi

On: February 15, 2018

In: Lifestyle, Money

With: 0 Comments

Earning your first pay cheque after years of studying can be quite rewarding, but this is also a time to start charting a stable financial future. If you’re a new graduate and just entered the job market, you may for the first time experience a drastic change in their finances. Eunice Sibiya, head of consumer education at FNB says “That’s simply because moving from a monthly allowance to a salary is a big shift in terms of cash flow, however it must be managed properly. Earning a salary is quite liberating but if not well managed it could lead to financial problems.” Below are tipsRead More →

Money Mistakes You Should Avoid When Young

By: Hlulani Masingi

On: January 22, 2018

In: Lifestyle, Money

With: 0 Comments

Learn how to make wise financial decisions early in life to ensure you are not impacted by financial missteps committed in youth. Eunice Sibiya, Head of Consumer Education at FNB, says “There’s nothing as exciting as getting your first salary and realising that earning an income opens up many possibilities. However, this should also be the time to step back and start thinking carefully about your finances and what you want to achieve from earning an income. During this stage, every financial commitment should be carefully considered because how you start off will have a direct impact on your finances in the long term.” HereRead More →

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