Why are we paid at the end of the month or after 30 days of work? Simply put, the 30-day pay cycle is a construct that was conceptualised during the Industrial Revolution and we have kept this ever since – because the arrangement suits companies and their cash flow. This may benefit companies but this
Siya is a 28-year-old man working in Gauteng and earning a typical salary in his current employment as a call centre agent. Like many other working South Africans, he gets paid at the end of each month. During the month, Siya was confronted by a few unplanned expenses. His car broke down, and he had
Simon Ellis reflects on South Africa’s huge debt problem, and how the SmartWage Advance service seeks to eliminate the payday debt cycle.
The SmartWage team has been on a pretty exciting adventure over the past few weeks, doing anything and everything we can to make the most of the many challenges and even more opportunities served up by the continuing lockdown. Since the last Quick Thoughts blog post we shared just over a month ago, a lot
A huge majority of businesses around the world have experienced some dramatic and not entirely voluntary digital transformation in a much shorter period than they would have anticipated. It has taken a world-changing crisis to fundamentally shift the way businesses operate, a shift which will cripple some but see others emerge far stronger. Amongst all
As a young South African business, developing a keener understanding every day of the difficulties faced by South African businesses and their employees alike, we are particularly proud to be associated with Yoco’s Support Small initiative. As a Support Small Partner, we are promoting our free service offering to Yoco’s extensive merchant network through May
The lockdown really has thrown up more than a few surprises over the last few weeks and shown us that in strange and difficult times, some of the best and most exciting opportunities are found in the most unexpected places. So we have learnt through our partnership with Clanstival, an all new breed of music
A national lockdown and the economic shockwaves created by a global pandemic are unprecedented in their own rights. This is especially true for a country like South Africa that was already walking several social, economic and political tightropes simultaneously before COVID-19 came along. It says a great deal that the country losing its last investment-grade