Fintech hones in on habits with behavioural economics
In the past, financial service providers designed products with the hope of changing human behaviour to fit into these products. With the arrival of fintech there has been a shift in focus from trying to understand consumer habits to designing products that match the way people are already behaving. Our Applied Behavioural Economics team looks at how fintech platforms successfully incorporate behavioural economic insights into their design.
Reflects on 2021 from our Shared Value and Impact team
2021 has been a year of growth for the Shared Value and Impact practice at Genesis. In the corporate world, too. When we asked companies five years ago what impact they had on society, they’d point us to the CSI department. Now we get pointed to the board and CEO’s office. Impact has become a strategy; strategy is guided by impact.
Time to do things differently - to innovate
Across the continent, emerging evidence shows that as many as 80% of neonatal deaths across Africa are preventable through access to appropriate technology, equipment, and skill. Reducing the gap between pervasive and persistent challenges and improved well-being necessitates all of us to do things differently - to innovate.
Will South Africa expropriate land without compensation?
Expropriation without compensation evokes strong opinions and emotions in South Africa. Despite the dominant legal opinion that the Constitution implicitly permits the state to expropriate land with nil compensation, Parliament has spent three years debating an amendment to Section 25 to make expropriation with nil compensation explicit.
Three mental shortcuts that can influence cryptocurrency investment decisions
Behavioural finance looks at how psychology impacts investor decision making and market outcomes. In this month’s Applied Behavioural Economics newsletter, we look at three behavioural biases that may influence on investor’s decision-making when trading in cryptocurrencies. These biases not only influence individuals’ investment decisions, but as a consequence, tend to influence demand for #cryptocurrency, and thereby cryptocurrency price.
Working to reduce post harvest loss and support food systems
September 29 is the International Day of Awareness of Food Loss and Waste. The day is commemorated each year to raise awareness about the 1.3 billion tons of food (or a third of all food produced) that is lost or wasted along the food value chain globally.
Our Health practice turned five this year
This year is a milestone for the Health practice at Genesis Analytics. We turned five and to mark the occasion we made a video to share our journey with our clients, partners and associates as well as our colleagues (past and present) who have walked this road with us. Thank You.
Watch the video
Women's month is a time to reflect on persistent gender inequality
Women’s Day is an opportunity to reflect on the progress that has been made in addressing gender equality. While these celebrations highlight the important role women play in society, girls and women continue to be limited in their ability to fully contribute to society due to the persistence of gender inequality, which has been heightened by the impact of the Covid-19 pandemic.
Financial literacy builds resilience in times of crisis
The ASISA Foundation asked their long-term learning partner, Genesis Analytics, to investigate the financial resilience of past WageWise workshop participants who faced extreme financial shock in the early months of Covid-19 (July 2020). Here are some of our findings.
MSMEs can be key to sustainable recovery in a post-Covid Africa
MSMEs account for over 90% of businesses and create employment for about 60% of workers in Sub-Saharan Africa. MSMEs will also play an important role generating the 450 million new jobs required by 2035 to cater for the growing youth population of Africa. This year the United Nations focused on them as the “key to an inclusive and sustainable recovery” post the Covid pandemic on the annual Micro-, Small and Medium-sized Enterprises Day. Read more about the challenges:
Is business expected to lead on social and environmental challenges?
According to respondents polled in the May 2021 Edelman Trust Barometer, it’s a strong yes. Almost eight in 10 employees sampled across the world, expect their employer to take action on societal issues like climate change, racism, the infodemic, vaccine hesitancy and dealing with automation.
Fostering an Africa fit for children
June 16th marks the Day of the African Child also known as Youth Day in South Africa. This year’s theme focuses on commemorating 30 years since the adoption of the African Charter on the Rights and Welfare of the Child (ACRWC) - “Fostering an Africa fit for children."