FINANCIAL LITERACY

Make good financial decisions every day

Learn and apply financial skills including personal, financial management, budgeting and investing.

In support of Money Smart Week 2023 | 28 August – 3 September 2023.

The Absa CIB financial literacy drive

Absa CIB are committed to enabling and empowering financial skills and knowledge at a grass roots level, ensuring that the communities in which we operate are equipped with the resources required to make good decisions about personal financial management, budgeting and investing. That’s why we have partnered with leading youth empowerment and consumer financial education initiatives to bring financial education literacy awareness and education to those who need it the most.

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INFLATION

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Inflation is the overall rise in the prices of all the goods and services that you buy as a consumer. The inflation rate is the annual percentage change in the weighted average price level, which we call the consumer price index, or CPI.

PERSONAL FINANCIAL PLANNING

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While you need money to achieve your financial goals, you also need a personal financial plan to make them a reality. Your personal financial plan is the roadmap you need to help you achieve your financial goals.

FOREIGN EXCHANGE

Become more educated about your finances | Foreign Exchange

Foreign exchange is the act of trading or selling one currency for another. The exchange rate is used to determine how much it will cost you to buy one unit of currency. Chris Paizis from Absa Corporate and Investment Banking unpacks Foreign Exchange breaking down what you need to know about buying and selling currencies.

TAX

Become more educated about your finances | Tax

Lisa Kahanovitz from Absa Corporate and Investment Banking shares the importance of paying tax and explains how the government uses tax revenue to provide services and cater to the needs of the citizens and residents in the country.