HEARD on the street
PHILANTHROPY SITE ANSWERS YOUR QUESTIONS ABOUT GIVING
With so many worthy causes in South Africa, it can be daunting to decide who to donate money to. How do you find a charity that is doing great work in a field you’re passionate about? Or, if you’re heading up a successful company, how do you address more complex issues like setting up a foundation, tax exemption and good governance?
Philanthropy website Trialogue Knowledge Hub provides this information, and more. It’s a new, free online resource that offers advice on everything that you could want to know about the art of giving. It includes an overview of South African nonprofit organisations, articles and research, recommended reading and notices about upcoming philanthropy events.
Trialogue has been a leader in corporate social investment since 1999 and is the southern African local authority of the CECP Global Exchange, which empowers corporations to be a force for good in society.
The philanthropy topic on the hub is sponsored by Nedbank Private Wealth, with input from specialist knowledge partner Anna Vayanos. With a background in charity and trust law, Vayanos is an independent adviser to donors and nonprofit organisations. For more information, go to trialogueknowledgehub.co.za.
FINTECH PROVIDER LETS YOU SEND MONEY FOR FREE
You can now send money to another person through the Slide Financial app for free using a cellphone number or email address. The Slide app was created by three young South Africans who recently returned to the country from the US.
The service means you don’t have to carry cash or know someone’s bank account details. It also doesn’t matter which bank or mobile network operator the sender or receiver uses.
Co-founder Irshad Kathrada says: “Slide is ideal for parents sending money to their children and for sharing costs like rent, concert tickets or a restaurant bill. A person who wants to send money to his family within South Africa can now do it at no cost.”
To use the service, simply download the app by searching for Slide Financial on Google Play or the App Store. Slide will link with your contacts so you can choose who to pay, or you can add a new contact with a cell number or email address. Payments are funded using EFT secure technology direct from the sender’s bank account. The recipient will be notified by SMS and email, and then prompted to download the app. The money typically appears in the receiver’s account the next business day.
FLYSAFAIR LAUNCHES CREDIT LINE FOR TRAVELLERS
The low-cost air carrier FlySafair has partnered with consumer credit provider RCS Group to enable consumers to borrow money to fund their travels. It gives customers up to 55 days of interest-free credit and allows them to choose their payment terms of 24 or 36 months.
While FlySafair and RCS say that this enables customers to pay for flight deals before the specials are over, it comes on the heels of a similar offering called LeisureFin, which was panned earlier this year by City Press’ My Money My Lifestyle editor Maya Fisher-French. She argued that such facilities don’t encourage people to save and instead put them in the red by tapping into their need for instant gratification.
Earlier this year, it was reported that, according to the National Credit Regulator, South African consumers in total are R1.66 trillion in debt and owe an average of R274 000 to creditors. About 25 million people have credit records, but a whopping 10 million of those have impaired records.