Investing
Teach the youth about investing, no matter how little they earn
Financial literacy in SA is very poor, which is why understanding how stocks and markets work should start at a young age
Money is one of life’s most vital tools; it gives us the power to sustain, maintain and survive, as well as the ability to leave a legacy for our loved ones. Knowing how to make it, spend it, keep it and, most importantly, make it work to produce more money is of immeasurable benefit. It is a lesson best learnt at a young age, at home and at schools where young minds are still willing and able to learn the lessons. But it is a lesson worth learning at any age. SA has fewer good stories to tell when it comes to financial literacy, saving or investing. The majority of young people start their relationship with money on the back foot and efforts must be made within the financial sector to rectify this. It is important to instil a different culture in relation to money among the youth. According to the 2018 Old Mutual Savings and Investment Monitor Report, South Africans who can save, save too little and make poor investment decisions, and only 19% of South Africans invest in shares. Th...
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