How Savings can Boost SME businesses
In an environment where liquidity is tight, how does one raise the liquidity required to fund your small business so that it grows. Most of the time we think of debt, borrowing from friends, family and even from the bank. Sometime SME owners even resort to expensive options. Using the wrong...
The Business Case for Promoting Youth Savings
The economic case for driving financial inclusion and financial literacy amongst citizens and the youth is receiving wide attention from stakeholders; Governments, Financial Institutions, Non Governmental development partners to name but a few. This subject has however ceased to be tackled only by academics and development economists, but it has...
SMEs Must Self Mobilise for Growth
The Micro, Small and Medium Enterprise (MSME) Sector has been identified as a key pillar of economic recovery for Zimbabwe and it is not surprising that a lot of healthy and inquisitive questions are being asked by stakeholders about this sector. One of the key economic questions is the estimated US$7,4...
You are here The Nature of Interest
“A dollar today is worth more tomorrow” is a simple quotation that fortunately one can say means exactly what it says. Money, as we have understood it in my last three articles, assumes its value today from various properties based on its roles, form and function. We have agreed that money...
You are here Teach your Children to Save
As parents, sometimes we are tempted to think that money issues are too complicated for our kids to comprehend or appreciate. This view is wrong. Psychologically, it is never too early to educate your child about money. Sadly, according to many studies, parents are more likely to talk to their children...
You are here What Is Money?..... The Desired Characteristics of Modern Money
Money is a word that we all often use casually in everyday conversation. It can mean many things in everyday life but in economics, money has a very special place and assumes a specific meaning.Economists define money as anything that is generally accepted in the payment of goods and services...