How to maintain credit worthiness and a good credit score

SATopShops While many factors are considered to assess a credit application, one of the key factors that credit providers consider is a credit score. Nico van Staden, Head of Consumer Credit at FNB, advises on how consumers can maintain their credit worthiness and a good credit score. “The easiest way to understand a credit score … Read moreHow to maintain credit worthiness and a good credit score

WesBank Graduate Finance: A move for the young professionals

SATopShops WesBank, a vehicle and asset finance specialist, is gunning for the young professional market with an offering titled Graduate Finance. It is tailored to accommodate  new graduates who may struggle to secure finance due to lack of credit history. WesBank executive, Ghana Msibi, is quoted saying the offering  is designed to empower graduates with … Read moreWesBank Graduate Finance: A move for the young professionals

Be extra careful when reviewing your insurance: Here are the three essentials

 SAToShops Its always a good practice to review household insurance with an eye to save on your monthly premiums but don’t fall into the trap of cutting corners on your insurance policies. This warning comes from Riana Wiese, an insurance adviser at PSG Insure. She says there are good ways to cut your insurance costs … Read moreBe extra careful when reviewing your insurance: Here are the three essentials

Black Elite, a minibus taxi rewards program, could become a bank

Ujuh Reporter Black Elite, a card-based consumer programme that offers fuel rewards to minibus taxi operators, could become a considerable banking operation, if its backers follow through their stated vision. The fuel rewards programme was launched recently by SA Taxi, an independent minibus taxi financier, in collaboration with Taxi Choice, the commercial arm of the … Read moreBlack Elite, a minibus taxi rewards program, could become a bank

PSG Insure beds down the Absa Insurance and Financial Advisers acquisition

SATopShops PSG Insure announced that it has successfully completed the integration of its new team of commercial advisers who joined the company following the recent transaction with Absa Insurance and Financial Advisers (AIFA). The transaction was announced in September 2017 and saw PSG Insure, , a division of JSE-listed PSG Konsult, acquire AIFA’s commercial and industrial … Read morePSG Insure beds down the Absa Insurance and Financial Advisers acquisition

Liberty is yet to fully understand the gap in its system after cyber attack

SATopShops Two days after it suffered a cyber-attack by an extortive hacker, South Africa’s financial services giant, Liberty, is yet to fully comprehend the extent of the breach. Liberty must be in a race against time. The longer it takes for it to understand and close the breach the more risk is extending to its … Read moreLiberty is yet to fully understand the gap in its system after cyber attack

Liberty has been hit by ransom seeking hackers: Clients’ data is at risk

SATopShops South Africa’s financial services giant, Liberty, has been hit by ransom seeking hackers who are reported to be demanding millions of rands and are threatening to release the company’s sensitive data to the public if their ransom is not met. A visit to Liberty’s website yielded the following message: “Liberty regrets to confirm that … Read moreLiberty has been hit by ransom seeking hackers: Clients’ data is at risk

South Africa gets its first Cryptocurrency ATM

By: Gugu Lourie  Vendibit, a South African blockchain firm, opened its first commercial cryptocurrency ATM, which is inside the Spar-Northwold in Johannesburg. The move is a first for South Africa, where cryptocurrency regulation is still being formulated by the Reserve Bank and adoption of this innovative currency is gaining traction in Africa.. The cryptocurrency ATM will process … Read moreSouth Africa gets its first Cryptocurrency ATM

The National Student Financial Aid Scheme: Here’s how it works

SATopShops The National Student Financial Aid Scheme (NSFAS) is positioned to play a critical role in ensuring delivery of free tertiary education for South African students that can’t afford high university/college fees. Here’s how NSFAS works. Who qualifies? NSFAS exists to provide financial aid, loans and bursaries, to qualifying students enrolled at public universities and technical (TVET) colleges. … Read moreThe National Student Financial Aid Scheme: Here’s how it works

Why you need to take funeral insurance cover for your domestic worker

Ujuh Reporter Many people who employ household employees, domestic workers, gardeners etc, often do not take out funeral cover for their employees as they perceive it to be a costly and complicated administrative burden. This can be a costly mistake.  Nthabiseng Sethabela-Makoeng, Product Manager at FNB Life, advises that although taking out funeral cover for your household employee … Read moreWhy you need to take funeral insurance cover for your domestic worker