Disruptive OUTvest - at R100pm, top quality savings plans are now available to all

Loading player...
When the now hugely successful business called Outsurance opened shop in 1998, those running South Africa’s short-term insurers lost little sleep. Slowly but surely, however, the disruptor ate away at the establishment and is today one of the country’s Big Three alongside Santam and Mutual & Federal – with a flourishing business called Youi in Australia.

The group is now branching out into savings and investments, using algorithms, technology and ETFs to slash costs and open up opportunities for the general population. With its investment plans starting at a modest R100 monthly, the new OUTvest is reaching into a sector that had little option outside low yielding savings accounts. Learn more about your ad choices. Visit megaphone.fm/adchoices
19 Jun 2018 8AM English South Africa Investing · Business News

Other recent episodes

BN Daybreak: Strait of Hormuz showdown as US and Iran head back to Doha

Vessels are still threading the Strait of Hormuz, but a Bloomberg analyst calls it Schrodinger's Strait: you never know if it's open until you try to get through. With traffic down to a fraction of normal and ships taking hits, owners are weighing whether the world's most vital oil route…
29 Jun 12AM 15 min

The BizNews Edge: African Bank's Billion-Rand Acquisition Trap

African Bank swung to a loss of nearly a billion rand after a four-year spree of buying and bolting together three banks to build a full-service lender, and the bad debt charge is still climbing. The contrast is brutal: a focused platinum-and-chrome miner, Tharisa, is printing cash with profit up…
25 Jun 7AM 9 min