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More bank customers use overdraft facilities By Given Majola Share BANKS said they were seeing more customers seeking overdraft facilities as a cash flow management tool. An overdraft is a loan facility that was usually offered as an extension to a cheque account, allowing banking customers to better manage their cash flow needs. Magdeline Thidiela, Standard Bank Head of Client Solutions, Retail Personal Lending, said on Friday, that last year, the lender had initially seen a decrease in the demand for overdraft facilities as a result of the hard lockdown, temporary closure of some branches, and overall individual expenditure decreasing as customers stayed at home and tightened their wallets. ....
Crowdfunding bridges the gaps for hundreds of students 28 April 2021 - 12:02 Sponsored Feenix, the student crowdfunding platform sponsored by Standard Bank, surveyed 261 students from 25 public universities in SA. Image: Supplied/Standard Bank According to the “Feenix Insights and Learning 2020” report, the three biggest challenges faced by university students in 2020 due to Covid-19 was a lack of access to resources as a result of being away from campus, increased stress and anxiety, and a home environment not conducive to studying. Feenix, the student crowdfunding platform, sponsored by Standard Bank, surveyed 261 students from 25 public universities in SA. In 2020 there were 1,109 students on the Feenix platform, launched in 2017 with Standard Bank as a founding partner in response to the #FeesMustFall movement, which highlighted how many students were unable to afford the cost of higher education in SA. ....
Digital innovation at the heart of student funding Standard Bank works hard to find new ways to help young people finance their education 23 April 2021 - 07:45 Sponsored Image: Supplied/Standard Bank A lack of funding is one of the main reasons many talented, young South Africans are precluded from getting a tertiary education. In the right hands, an education is one of the most powerful tools we have, and a good education can help those who are marginalised lift themselves out of their circumstances to create a productive life. Financial institutions can help young people overcome obstacles to education through digital innovation. Standard Bank understands the challenges and works hard to find new ways to help young people finance their education. ....
Monday 14 December 2020 - 4:41pm File: A person writing the word Debt in a cheque book. Pexels/RawPixel JOHANNESBURG - Settling all or a portion of your personal debt can seem like a daunting task when you feel like there is too much to get through. Whether you are planning a big purchase like a new car or you need extra cash to deal with unexpected emergencies, before you take on any debts, make sure you can afford the debt repayments over and above your current expenses. “It is important to borrow money responsibly so that you are able to repay your loan and maintain a healthy credit score. Set yourself goals to pay off your debt by a certain date and where possible, try and save towards your financial goals,” says Magdeline Thidiela, Head of Client Solutions and Personal Lending at Standard Bank. ....