Tech in Africa
Anyone can sign up for the four free money management courses on the Live Better Academy. The program aims to help users make smart financial decisions by offering concepts on smart financial handling of money such as debt management, savings, and spending.
The courses on Live Better Academy share practical strategies that help with financial prudence and help achieve your goals. Capitec ensured that the course had a wide reach by ensuring it remains accessible through a smartphone, PC, or tablet. In addition, completing the course takes less than 200MB.
Courses are subdivided into 16 to 20 modules, each of which does not exceed 10 minutes to complete. Capitec also invested prudently into the platform’s user experience by adding a gamification aspect. That way users will drift through in sort-of game-like experience, keeping it entertaining.
As you accomplish your way through the course you earn points/badges which get recorded on a leader board. With that in mind, users should build their leader board rank by mastering content.
The launch of the school surprisingly coincided with the economic crisis attributed to COVID-19. Not only has it devastated the economic situation, but it has resulted in many job losses across most sectors. During these difficult times, skills on debt management could just save many affected households from financial destruction.
According to ITWeb, Capitec’s Head of financial education, Jean Rossouw emphasized the need to pass on helpful financial strategies in a simple yet engaging way. The course accommodates every level of financial literacy and ensures learners get insights into saving, risk mitigation, budgeting, debt repayment, and cutting down on spending.
Capitec has tied the course with cash prizes of R1000 for every 5 lucky people who completed the course. One lucky person will eventually carry away the grand prize of R10000.
Capitec’s customer numbers are at 14.5 million and growing and is the third-largest South African bank by stock valuation.
