{"id":537646,"date":"2021-11-15T10:49:45","date_gmt":"2021-11-15T08:49:45","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=537646"},"modified":"2021-11-15T14:24:58","modified_gmt":"2021-11-15T12:24:58","slug":"capitec-challenges-the-norm-through-easyequities-partnership","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/industry-news\/537646\/capitec-challenges-the-norm-through-easyequities-partnership\/","title":{"rendered":"Capitec challenges the norm through EasyEquities partnership"},"content":{"rendered":"<p>Since launching its EasyEquities partnership a year ago, <a href=\"http:\/\/www.capitecbank.co.za?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_campaign=November+2021\" target=\"_blank\" rel=\"noopener\"><strong>Capitec<\/strong><\/a> has saved its clients over a million Rand in brokerage fees.<\/p>\n<p>With many of these clients in their twenties and thirties, South Africa\u2019s biggest and recently voted best digital bank is positively meeting the investment needs of South Africa\u2019s youth market.<\/p>\n<ul>\n<li><a href=\"https:\/\/www.capitecbank.co.za\/global-one\/save\/easy-equities\/?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_campaign=November+2021\" target=\"_blank\" rel=\"noopener\"><strong>Click here to find out more about Capitec&#8217;s partnership with EasyEquities<\/strong><\/a><\/li>\n<\/ul>\n<p>Through the EasyEquities widget on the Capitec app clients are able to invest in shares on stock markets in South Africa and the USA from as little as R5.<\/p>\n<p>They also get 20% off brokerage fees. That\u2019s savings they can put straight back into investing, to make their money work even harder for them.<\/p>\n<p>Clients don\u2019t pay data fees when trading on the widget, as Capitec\u2019s app is zero-rated for data on all South African cellular networks.<\/p>\n<p>The widget also makes it possible to fund your wallet in real time, a process that normally takes 48 hours.<\/p>\n<p>Francois Viviers, Group Executive: Marketing and Communications at Capitec, says, \u201cThe partnership allows us to democratise investing for all South Africans.&#8221;<\/p>\n<p>&#8220;We have over 7 million app users, who now have access to a simplified and affordable way to trade shares and ETFs.&#8221;<\/p>\n<p>&#8220;Over 150 000 of these have already registered for the widget and this number is growing quickly. South Africa has a big appetite for investing.\u201d<\/p>\n<p>South Africa\u2019s lockdowns have resulted in increased digital uptake with more people banking \u2013 and investing online.<\/p>\n<p>\u201cOur youngest EasyEquities client is less than a year old and the oldest is 89. It\u2019s exciting to be able to make investing, which was previously only available to a few, accessible to all.\u201d<\/p>\n<p>South Africa&#8217;s Gross Savings Rate<em>*<\/em> is low, measured at just 14.4 % in December 2020 according to CEIC, and it\u2019s a national imperative to encourage South Africans to invest and save as much of their income as possible.<\/p>\n<p>\u201cObtaining financial freedom is a major concern for South Africans, and by making investing easy and accessible, we can help shift investment behaviour in the right direction.&#8221;<\/p>\n<p>&#8220;EasyEquities is perfect for both experienced and first-time investors.&#8221;<\/p>\n<p>&#8220;It\u2019s demo account offers R100 000, which can be used to familiarise yourself with the markets you are interested in, before investing actual money,\u201d Viviers added.<\/p>\n<p>Capitec clients are able to access EasyEquities from the latest version of their banking app by clicking the \u201cexplore\u201d tab and then navigating to \u201cwidgets\u201d.<\/p>\n<p>Existing EasyEquities clients can easily sign in and link their accounts. New clients can follow the registration process and then start investing.<\/p>\n<p><a href=\"https:\/\/www.capitecbank.co.za\/global-one\/save\/easy-equities\/?utm_source=BusinessTech&amp;utm_medium=Article&amp;utm_campaign=November+2021\" target=\"_blank\" rel=\"noopener\"><strong>Click here to find out more about Capitec&#8217;s partnership with EasyEquities<\/strong><\/a><\/p>\n<p><em>*The national savings rate is the gross domestic product that is saved rather than spent in an economy. It is calculated as the difference between a nation&#8217;s income and consumption divided by income.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since launching its EasyEquities partnership a year ago, Capitec has saved its clients over a million Rand in brokerage fees.<\/p>\n","protected":false},"author":57,"featured_media":537648,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[2002,16426],"class_list":["post-537646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-capitec-bank","tag-easyequities"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/537646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=537646"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/537646\/revisions"}],"predecessor-version":[{"id":537830,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/537646\/revisions\/537830"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/537648"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=537646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=537646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=537646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}