Change is coming! Did you know that your financial data is largely inaccessible and confined to your financial institutions for analysis and marketing? If this wasn’t the case — you’d be able to make safer payments, take out loans in a jiffy and have a whole array of other financial services available to you.

That’s exactly what open finance is trying to do! Open finance advocates that consumers have ownership of their financial data so they can receive more financial services and an array of other benefits. However, for open finance to become a reality in SA, The FSCA (Financial…


The concept of ‘risk management’ isn’t something that’s top of mind for the average DIY investor, who typically focuses on making their money grow rather than protecting it. We’re going to take a look at three risks faced by DIY investors and how to manage them.

Risk specific to a single company or industry

When invested in a single listed company share or a few shares within one industry (like Oil & Gas, Consumer Goods or Financials), investors face the risk of losing money because of something happening to that specific company (like fraud) or the industry overall (like a…


While it’s important to keep track of what you personally earn and spend, it’s also important to set up a budget as a family, since this is generally where most of your income goes after your debit orders have gone off. Here’s the rundown of some of the most important things to keep in mind with a family budget.

The downside of not having one

A household’s spending can quickly escalate because there are so many different expenses. If you don’t track these, you’ll often find yourself wondering where that R1,000 went that you withdrew just yesterday, or how your…


For someone with R500 to R2,000 available to invest each month, choosing the right investment option is a daunting task and a big commitment. Exchange-traded funds (ETFs), a very popular investment option in today’s world, could simplify the decision-making process. These funds are *passive investment funds that simply track the performance of a list of underlying assets (referred to as an index). In South Africa we have 77 ETFs to choose from, some of which track the same set of assets, but that are just managed by different investment houses.

The following guidelines can help you find the right ETF…


It’s no secret that social media has infiltrated almost every sphere of our lives, so it’s no surprise that it’s now claimed a spot in so many people’s financial lives too. Individuals giving financial advice on social media platforms isn’t new, but the recent rise of #FinTok on TikTok has raised new concerns, shedding light on the dangers of taking financial advice from social media.

What is #FinTok

#FinTok is a hashtag trending on the TikTok social media app. A search on TikTok and any platform for this hashtag will show results of so-called billionaires boasting high returns and handing…


If you’ve paid for something with your cell phone, transferred money using an app or viewed your bank statements online, you’re already part of the multibillion rand, rapidly growing industry called fintech. Fintech is a combination of the terms “finance” and “technology” and it’s changing economies around the globe. Although still relatively small in South Africa, fintech has the ability to enhance and automate financial services for South Africans, which leads to reduced costs, better experiences and improved service offerings.

The value of fintech innovations to us, the consumers, and the businesses we support is truly phenomenal. This hasn’t been…


by Jikku Joseph, Stephanie Cronje and Simon Anderssen — Managing Director at 22seven, Head of 22seven API and Head of 22seven Insights

We built 22seven because we believe there’s a new solution to an old problem. The old problem lies in our relationship with money. The new solution lies in knowledge about our own money that we didn’t have before.

With this new lens, 22seven has helped people do more with their money. …


The latest Taxation Laws Amendment Bill included some changes that affect provident and provident preservation funds. These changes came into effect on the 1st of March 2021, but do not affect everyone. Read on to find out whether these laws are something you need to consider when planning for retirement.

I’m under 55 years of age and I am a member of a provident fund or a provident preservation fund

As of 1 March 2021, provident funds are affected by the same laws that govern pension funds and retirement annuities regarding access to cash on retirement. …


Funding higher education is an international challenge. In the US alone, there’s over $2 trillion of unpaid student loans. But this challenge shouldn’t demotivate you from applying to study at any institution. The key is to plan ahead before you borrow a ton of money and know what you’re up against. Here are some smart strategies to save money on higher education fees and make higher education part of your budget:

Research and plan

Many students start their journey towards earning a qualification without knowing the exact qualification they want to get or the career path they want to follow…


We feel confident about our decisions when we have a clear idea of possible outcomes, and are able to determine which action will result in the best outcome. Decisions about our personal finances and how we spend our money are complicated. We need to try and spend less than we earn, plan for expenses that are still to come, and think about how spending today will impact our lifestyle in the distant, uncertain future. 22seven was created to help you manage this complexity and help you become more financially confident.

Track your spending

Tracking your money and spending patterns is…

22seven

Thoughts, observations and insights. About money, life and 22seven. Visit 22seven.com

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