HEARD on the street



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.


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.


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.

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