Return to search

The relationship between financial literacy and saving habits : an analysis of black South Africans with a commercial tertiary education

Financial literacy has been identified in previous studies as an area that has not been researched extensively in South Africa. This is particularly true for Black South Africans who have been previously disadvantaged and excluded from the mainstream economy and financial services in the apartheid regime. Lower savings and over-indebtedness amongst this group can be attributable to the lower financial literacy levels emanating from the inequalities of the past. This study aims to assess the financial literacy of Black South Africans with a commercial tertiary qualification working in Pretoria and Johannesburg based on descriptive research and structured questionnaires. The study first establishes that although people with a commercial tertiary qualification are more financially literate than those with non-commercial tertiary qualification, Black South Africans are nevertheless less financially literate than their Coloured, Indian and White contemporaries. Secondly, those who have savings have higher financial literacy than those who do not have savings. / Mini Dissertation (MCom)--University of Pretoria, 2016. / Financial Management / MCom / Unrestricted

Identiferoai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:up/oai:repository.up.ac.za:2263/60723
Date January 2016
CreatorsMatemane, Matwale Reon
ContributorsDowelani, Musimuni, reon.matemane@up.ac.za
PublisherUniversity of Pretoria
Source SetsSouth African National ETD Portal
LanguageEnglish
Detected LanguageEnglish
TypeMini Dissertation
Rights© 2016 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.

Page generated in 0.0025 seconds