Tips on How to Spend Wisely

South Africans were under severe financial strain even before the Covid-19 outbreak and are now increasingly cashing in their long -term investments for immediate survival, this is according to a Debt Busters report from the first quarter of 2020. 

It is important for us to be mentally strong, plan ahead, prioritise on what to spend on and using resources efficiently is crucial to the financial stability for many families. 

A few tips on what you can do from the comfort of your home to save:

  • Always write a grocery list and stick to it
  • Join a lift club adhering to the COVID 19 regulations
  • Minimise car travels and find creative activities to do at home
  • Cook at home
  • Avoid unnecessary spending on clothing, shoes, make-up
  • If you must shop keep an eye and ear out for specials or promotions
  • Cancel subscriptions you won’t be using eg: Gym, DSTV etc
  • Move back home and avoid bills 

South Africans are revaluating their bills during the coronavirus crisis. The unpredictable nature of the Government regulations and this virus has left people changing their spending habits. 

In June of 2020, B Mavundza observed that “Although the lockdown restrictions are starting to ease, the pandemic continues to create major economic and financial distress for the South African economy and consumers alike,”  

It is for this reason that we encourage our readers to constantly find ways to manage their finances. Due to household income shortfalls it is advised that working together to ease the financial pressures in the household will assist in stretching the income coming in. 

Unconventional Means To Generate An Income during Covid-19

Opinion Piece

Nowadays, we live in a world where everything has to be instant from noodles to EFT’s. But have we perfected a means to create revenue in an instant as well?

It may be a new year however, the demons of the past still haunt us today. As much as we choose to live our lives, it is difficult to ignore the restrictions we are forced to live under due to legislation passed by the government which constantly changes due to the evolving virus that has plagued the world.

Which forces us to find different avenues to generate an income that will not only sustain our livelihoods but save our lives. A few examples of the ventures we could pursue are:

Sport Betting: If you are a sports fan with no idea of what to do with the knowledge you have garnered over the years and have money to spare, sport betting is the way to go. What makes this an option to consider is that the risk is completely dependent on the user, therefore if the risk is high so is the reward and vice-versa. Another feature is that bets can be customized according to your needs and preference. It is truly worth a shot if you have nothing to lose.

EasyEquities: If you want a stabilized approach to making money, investment in shares is another opportunity you could make use of. There is an app called EasyEquities that allows you to invest in shares either for short term or long term purposes from the comfort of your phone.

What makes investing in shares so attractive at the moment is that due to Covid ravaging through the stock market, most of the shares listed are either underpriced or underperforming and this creates the perfect conditions for you to invest. As they say, when there is uncertainty in the market that is the perfect opportunity for you to invest.

Forex: Another method that involves investment is Forex which is quite renowned for either making money quickly or losing it as quickly. However, as forex is based on investment in currency, it is especially risky on any given day but somehow the risk has heightened due to volatility of the markets caused by Covid-19. Although, volatility could either work for you or against you it just depends on how you maneuver the market. In this case, opportunity arises from chaos.

Youtube Channel: The most commonly used avenue in the world but least used in South Africa. Creating a YouTube Channel is easy, however publishing content that appeals to the masses is much harder than most people think but if you do find your audience, it can also be a rewarding experience. However, with this avenue investment in equipment will be essential to the success of your YouTube Channel. This avenue may take time to establish but once you get the ball rolling, it never stops.

Please be advised that all methods suggested are avenues that can be used to make money in a short amount of time but due to this, the risk increases in proportion.

However, the question we need to ask ourselves is were these methods born from necessity or was it just the natural progression of things to come? Is there really a way to make money instantly or is it just another scam we were taught to believe?

South African Business’ Thinking Creatively

Creative Business Blog Image

Although the Coronavirus has brought change and uncertainty on how businesses function, it has pushed them to find creative ways sustain their activities and maintaining long relations with existing and new customers. 

Speaking to Sowetan, ICT SMME chamber chairperson, Muzi Makhaye, expressed the positive side of the pandemic saying, “I concur 100% with the view that says the coronavirus has put us all firmly on the digital economy springboard… Thanks to the coronavirus pandemic, meetings will, henceforth, be virtual and travel budgets will be directed to online video conferencing facilities, licensing, and training. Planet earth will be a better place for us all if we can travel less than we have become accustomed to in the last few decades. Certainly, business will never be the same, post Covid-19. This is true for big and small business”, 

Restaurants that were dependent on walk-ins have now moved to digital platforms to engage with customers and delivering orders, Television game shows are now linking with audiences and contestants online. Selling of cars has moved online encouraging customers to watch videos designed to describe the cars performance in detail. Psychology and therapy sessions have moved to virtual consultations, as well as school classes and workout sessions. Healthcare is moving to telemedicine, retailers are now contactless and insurers have now created apps that allow self-services. 

Finding alternatives to run businesses has increased employee productivity and the running of the business. The new way of working has given employees more time to focus on tasks and has eliminated the stress of commuting, traffic, loadshedding and water issues.  Organisations are also finding that colleagues are more available for meetings scheduled due to more organised calendars. The effectiveness of the employees has resulted to people logging off on time due to using their time effectively. 

“72% of the CEOs saw benefit from remote working in terms of widening their talent pool. And why wouldn’t it? Many of us have considered a new job prospect in part based on where the job is located, commuting time in South Africa’s increasingly (until recently, at least) congested cities more-and-more an issue”, shares Loos.

The COVID-19 crisis provides a glimpse into a future where digital will become a central way of interaction, forcing both organsiations and individuals to adapt to the new way of living. This is now where digital is becoming the primary and in some instances the sole customer engagement model, a platform with automated processes and becoming the primary driver of productivity.

How remote working could be good for business

If you have been working remotely since the beginning of lockdown and wondering whether there has been any benefit to your business from the separation, here are a few reasons why you should consider WFH for a little while longer.

Saving Time

Think back to when you were running from one meeting to the next, spending hours in traffic every day getting to and from the office daily. Working remotely has freed up that travel time you have been wasting, and you have more likely been able to get an earlier start and a decent finish to your day.

The Concentration Game Is Turned On

If you work in an open-environment, you may sometimes find it difficult to focus on one task at a time. Being interrupted by external distractions and impromptu meetings have a knack of breaking one’s momentum. By working from home, you may have been able to set your online channels to “away”, put your head down and concentrate a little longer.

You spend less on junk

It is so easy to grab a burger or junk food whilst running between meetings and deadlines. You may have been able to plan your meals a little better whilst working from home, in that a good home cooked breakfast or lunch has been substituted for on-the-go calories.

You get down to business

Have you found that meetings that usually ran well over the allotted time are now done far quicker? The chit-chat and interruptions seem to be far less when everyone is meeting via video conferencing. And those meetings that could have been emails, are actually becoming emails.

How you can help small businesses in your area

Now is as good a time as any to start supporting small businesses in your area. Many have been severely affected by the current lockdown and if they have not had to shut their doors, they are battling to get back on their feet.

You can make a difference to these people by showing your support in one or more of the following ways:


When you next do your grocery shopping, consider buying your vegetables and fruit from local farmers – not only is it a lot cheaper but it could mean that it is a lot fresher. You can support local clothing manufacturers too and in doing so, keeping the local labour force employed, you will most likely be wearing something unique with only a few of the same in the country. If your favourite local store has shut down, perhaps try and see if they are available to take online orders.


With the current suspension of music concerts and other events, our local talent has been under strain. Many have been hosting online gigs for a small fee to keep the wheels turning. Instead of being bored indoors over the weekend, why not tune into a concert or comedy show.  You’ll be doing them and yourself a massive favour.


If you are worried that your small contribution is just a drop in the ocean, perhaps you could look into supporting a local crowdfund. By paying forward just a little, you will be helping an entrepreneur in need, a lot. There are many well established crowdfunding projects that are registered and safe, so you will have peace of mind that your money is going to the right places.

The City Of Tshwane welcomes new business

The City Of Tshwane offers opportunities for businesses of all sizes and sectors. From business parks to commercial properties. This strategically located city is ideal for the businessperson looking to put down roots as it offers fantastic education and research facilities, an extensive labour market and accessibility of affordable premises.

Learn more here