The Financial Sector Conduct Authority (FSCA) is gearing up to launch the newly revamped Trustee Training Toolkit (TTK) e-learning platform. The first eleven modules of the platform will be launched in September 2023, with the other eleven modules being launched in 2024.

The stark reality is that, in South Africa, the burden of unpaid work is still largely shouldered by women. And for as long as this status quo prevails, women will struggle to achieve true financial freedom.

If you are one of the many businesses considering downsizings, there are a few factors to consider so that you avoid a backlash,” explains Palesa Mabasa, FNB Business Development Head: SME Funding.

Financial habits vary from person to person, influenced by their biases, knowledge and approach to managing money. Some studies show that certain traits typically associated with women have proven to be a successful formula when investing.

According to a 2022 report by the World Bank, the female labour force participation rate in South Africa was 48,2% in 2020, up from 38,5% in 1994. With this steadily increasing level of labour force participation and income, women are projected to control an estimated 75% of discretionary spending worldwide by 2028.

Conversations around black tax– the obligation placed on those who achieve a degree of financial success to provide for their extended families and communities – need to be centred around families rather than individuals.