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The role and usage of suitable financial products for saving and investment purposes in South Africa
Mini Dissertation (MCom)--University of Pretoria, 2020.
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| Other Authors: | |
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2021
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| _version_ | 1867613678752235520 |
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| access_status_str | Open Access |
| author2 | Kekana, Mamekwa Katlego |
| author_browse | Kekana, Mamekwa Katlego |
| author_facet | Kekana, Mamekwa Katlego |
| collection | Thesis |
| dc_rights_str_mv | © 2019 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Mini Dissertation (MCom)--University of Pretoria, 2020. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/79023 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:39:58.102Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/79023 The role and usage of suitable financial products for saving and investment purposes in South Africa Kekana, Mamekwa Katlego eunice.sekgala@yahoo.com Sekgala, Eunice Raamabele UCTD Consumer Financial Decision Making Behavioural Finance Financial Planning Mini Dissertation (MCom)--University of Pretoria, 2020. The study focused on examining the saving and investment behaviours of South Africans. There has been no extensive research in existing literature that has focused on this area of study. This study intends to extend the understanding of what factors contribute to the decisions individuals make about saving and investment. The primary research objective was to explore and empirically test the statistical significance of income, education and gender related to the use of suitable financial products and investigate optimal ways to save and invest. This was a quantitative study which used secondary data obtained from the Human Science Research Council database gathered through a structured questionnaire. A sample of 2,972 individuals across the country participated in and completed the survey. The results illustrated that low-income participants saved less through informal saving schemes than high-income participants, but the statistical significant difference between these groups is too small. The findings also showed that less-educated participants used predominantly more formal saving products than highly educated participants and the statistical significant difference between these groups is large. Finally, the findings highlighted that females make better investment choices than males, but the statistical significant difference between these groups is too small. This study illustrated that low savings and investment in South Africa is influenced by the type of financial products used and also demographic factors such as income, education and gender. Financial Management MCom (Financial Management) Unrestricted 2021-03-23T07:13:22Z 2021-03-23T07:13:22Z 2020 2020 Mini Dissertation Sekgala, ER 2020, The role and usage of suitable financial products for saving and investment purposes in South Africa, MCom (Financial Management) Mini Dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/79023> S2020 http://hdl.handle.net/2263/79023 en © 2019 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf application/pdf University of Pretoria |
| spellingShingle | UCTD Consumer Financial Decision Making Behavioural Finance Financial Planning The role and usage of suitable financial products for saving and investment purposes in South Africa |
| title | The role and usage of suitable financial products for saving and investment purposes in South Africa |
| title_full | The role and usage of suitable financial products for saving and investment purposes in South Africa |
| title_fullStr | The role and usage of suitable financial products for saving and investment purposes in South Africa |
| title_full_unstemmed | The role and usage of suitable financial products for saving and investment purposes in South Africa |
| title_short | The role and usage of suitable financial products for saving and investment purposes in South Africa |
| title_sort | role and usage of suitable financial products for saving and investment purposes in south africa |
| topic | UCTD Consumer Financial Decision Making Behavioural Finance Financial Planning |
| url | http://hdl.handle.net/2263/79023 |