Open my info

my finds

remove bookmarks
    You don't have any bookmarks saved. Click the star icon on a panel to add it to your bookmarks. Your bookmark has been saved. Bookmark removed.

    bank better, live better

    female breadwinners – find your independence

    Women currently head over 40% of South African households and account for almost 44% of our employed population.

    Female Breadwinners

    Women who are the breadwinners or manage households on a single income are often strained trying to manage their work-life commitments. We checked in with Ina van Rensburg, Capitec’s head of Merchant Services, to hear her top tips for female breadwinners.

    Have your own bank account

    “Having your own bank account helps you take financial responsibility,” says van Rensburg. “It also gives you some independence to manage your financial affairs according to your priorities, which may differ from your spouse or partner.” To help you take charge of your financial journey, Capitec’s Global One facility gives you a transactional/savings account and 4 free savings plans, which you can easily manage on our app.

    Improve your skill set 

    Van Rensburg believes that further training and education is a great way to improve your earning potential over the long term. “Capitec can help in this regard by offering personalised credit if you need a financial kick-start to start a side hustle. Or consider enrolling in a course that can help progress your career,” she added. To help you study further for less, Capitec clients get special rates on online courses from Educate24 and GetSmarter.

    Plan for retirement 

    “Statistically, women outlive men by 5 to 10 years, but on average, they also earn 10% to 20% less. That means it’s imperative to save towards retirement,” says van Rensburg. Use the flexible or fixed-term savings plans in your Global One facility as an additional savings vehicle, as you could earn interest rates as high as 9.1%. Even just putting away an extra R50 or R150 a month is a start – your savings will grow over time.

    Prepare for added costs

    With a longer life span comes added costs such as medical and housing expenses. Ina suggests preparing for these costs by covering yourself against unexpected expenses. “This will protect both you and your family, as family members often need help covering their bills in old age.” Capitec’s Funeral Plan is one such solution for unexpected funeral costs. You can cover yourself for up to R100 000 and add up to 21 dependants. Register for a funeral plan on our app and get discounted premiums, starting at just R25. 

    With the right approach, and the commitment and courage that South African women are famous for, financial dreams and goals can come true!

    Was this article helpful?

    Why You Should Go Cashless This March

    why you should go cashless this march

    Cash is expensive, and drawing cash from an ATM can cost you hundreds of rands in fees every year. So to help you find out how easy it is to switch to digital banking and save on cash fees, Capitec created a unique challenge…

    Read now
    Global One's 4 Extra Savings Plans

    save for your future

    With Global One, you get 4 extra savings plans and could earn up to 8.80% interest. Simply choose a savings plan and your deposit option and start investing.

    Read now
    Switch Your Debit Orders & Salary Online with Capitec

    bank better and save

    Save time and money by switching your salary and debit orders. Do it online or visit a Capitec branch where a consultant will assist you.

    Read now
    Tips For Spending Your Christmas Bonus

    tips for spending your year-end bonus

    It’s tempting to use your annual bonus (if you’re lucky enough to get one) to splash out on expensive gifts and treats. However, spending it wisely or investing some of the money is a better idea than spending it all over the festive season.

    Read now