Stash your cash with this new app (and save painlessly)

Stash by Liberty is an android app that invests your spare change.

Juan Labuschagne, head of development at Stash, says every time you swipe your bank card, the app rounds up your transaction to the nearest R10 and invests it in South Africa's top 100 companies.

If you spend R9.99 we'll split that one cent into all the different companies and actually invest it.

Juan Labuschagne, Head of Development at Stash

We group all that money with everyone's stash and invest in South Africa's biggest companies.

Juan Labuschagne, Head of Development at Stash

To use the app, Labuschagne says all you need is a cell phone number, your first name to register and you are good to go.

Stash monitors your bank balance and ensures you don't go into overdraft. He says Stash wants to make it easy for people to invest.

The smartphone is an incredibly powerful device.

Juan Labuschagne, Head of Development at Stash

Labuschagne explains that currently android users are their target market, as it's more popular in South Africa than iOS.

And if you choose to withdraw the invested funds, it's simple with no rules and restrictions.

Take a listen for more:


Recommended

by NEWSROOM AI
Read More
[LISTEN] John Maytham's Book Review: murder, dilettantes and Jihad

[LISTEN] John Maytham's Book Review: murder, dilettantes and Jihad

John's three book picks for the week.

Research probes citizens views on Cape water crisis

Research probes citizens views on Cape water crisis

The Global Water Leaders Group will present preliminary results of a study evaluating Cape Town's water crisis.

Canada has legalised marijuana, could South Africa follow suit?

Canada has legalised marijuana, could South Africa follow suit?

Independent Journalist Kevin Bloom says its part of a global movement towards the recognition of the plant's properties.

Could you live past the age of 200? This anti-aging pioneer thinks so

Could you live past the age of 200? This anti-aging pioneer thinks so

With advances in medicine and biotechnologies, it's very likely that our lifespans will go beyond the current record of 122 years.

Zille: Broadband is as vital as sewage works or road infrastructure

Zille: Broadband is as vital as sewage works or road infrastructure

Western Cape Premier Helen Zille says wider broadband access will help boost education, skills development and job creation.

Wikimania conference comes to CT in pursuit of more African contributors

Wikimania conference comes to CT in pursuit of more African contributors

President of Wikimedia.za Douglas Scott says the key focus will be on increasing regional contribution to the platform.

Popular articles
[LISTEN] Father shares how he shot the man who raped his daughter

[LISTEN] Father shares how he shot the man who raped his daughter

Johannesburg father, Chris says he had just come back from work when he walked in on an employee raping his 17 year old daughter.

Human trafficking: The life of drugs and prostitution - Grizelda Grootboom

Human trafficking: The life of drugs and prostitution - Grizelda Grootboom

The author of Exit, Grizelda Grootboom, explains how she was trafficked, drugged and sold for sex on the streets of Joburg.

Why the PAC wants South Africa renamed Azania

Why the PAC wants South Africa renamed Azania

Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.

Is the lovable Winnie The Pooh a boy or girl?

Is the lovable Winnie The Pooh a boy or girl?

A trending Twitter debate has left social media users arguing over whether Winnie the Pooh is a girl or boy.

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

Marli van Breda's ex took the stand in the trial of triple murder accused Henri van Breda.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?