@seanmagwaza: Your bank is not your friend. Here's what they don't teach you in school. Most South Africans were taught the same thing growing up. Work hard. Save your money. Put it in the bank. Be responsible. And we listened. But here's something worth knowing. South African banks are only legally required to keep 2.5% of your deposit in reserve. That means for every R100 you deposit, the bank holds R2.50 — and lends out the other R97.50. They charge interest on that money. You earn interest too but not the same rate. This is called fractional reserve banking. It is completely legal. It is how banking has worked for decades. And most people have never heard of it. This isn't about blaming banks. Banks provide a service and they run a business. But understanding HOW that business works is the first step to making more informed decisions about your own money. Many people who study personal finance and investing start asking questions like what other options exist beyond a savings account? What are assets? How do people grow wealth outside of traditional banking? Those are questions worth exploring. Crypto is one of the conversations happening globally right now around alternative financial tools. I share educational content on this page breaking it down in simple terms no jargon, no pressure. Just information. Because the more you understand money the better decisions you can make for yourself. 💰 Comment “BANK” if you want to learn more about crypto! #FinancialEducation #CryptoSouthAfrica #MoneyMindset #LearnCrypto

The Real Sean Magwaza

Open In TikTok:

Region: ZA

Monday 22 June 2026 13:41:12 GMT