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Even though just over 40% of South Africans have funeral cover, only one in 10 South African consumers has life insurance. If the deceased’s estate has a cash shortfall, the funeral and immediate costs may be taken care of, but there are no backup funds available to pay for winding up the estate itself.
Discovery Bank and its online financial education partner, Worth, today announced an exciting, limited offer to give more people access to the benefits of good financial knowledge. The objective is to empower every South African to make the right choices for a brighter financial future.
South Africa’s economy is still in good shape
JOHANNESBURG, May 19, 2015The second annual Discovery Financial Planning Summit held on Tuesday in Sandton, which brought over 1,000 financial advisers together, was aimed at providing insight into global best practices to help ensure the delivery of quality advice in a changing regulatory environment. Joining other local and international thought leaders in the financial services industr
The financial services sector plays a crucial role in the South African economy and the evolving regulation for this sector is here to stay, Hon. Minister Nhlanhla Nene said this morning.
South Africa’s financial institutions and financial planning intermediaries will have to continue embracing change, innovation and technology if they are to grow in an environment where the direct distribution model is the fastest growing channel in the R6 trillion savings and investment sector.
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