South Africans are not good spenders or savers. As you can see in the image below, South Africans tend to overspend and not save.
To improve the way South Africans manage their money, it’s important for them to know more about savings and investments. The lack of financial knowledge has affected most people’s knowledge and understanding about investing and deterred them from finding ways to make their money work better for them.
Believe it or not, ordinary South Africans can invest on the Johannesburg Stock Exchange (JSE) from only R300 per month through a tax-free savings account (TFSA). (Source: JSE Website).
If you’re interested in taking a step towards investing your money on the JSE, read our tips below: