How to shake off inequality

if Covid-19 is teaching us anything, it is how little financial resilience there is among the general population of South Africa.

Personal finances remain in a perpetually precarious state. The current financial system is not set up to help ordinary people. Sure, you can get easy access to credit at exorbitantly high interest rates, but it’s much harder to get proper advice on how to manage that debt, or how to get ahead in life more generally.

This is true for traditional financial services globally, but even before Covid-19, South Africans already had to contend with more than most: a broken economy, rolling blackouts and a weakened currency. Then there’s the hidden burden of ‘family