8. Class Update: R100 000 max pay-out if a SA Bank fails - Deposit Insurance, Silicon Valley Bank

What is deposit insurance? Do you really lose all your savings and fixed deposit amounts above R100 000 if a South African bank collapses? How many South African Banks have collapsed in the last 30 years? What happened with Silicon Valley Bank and what’s with all the fuss? Join Joy where she answers these questions and chats about other things that you should know about. RESOURCES📚•https://www.news24.com/fin24/companies/if-a-bank-fails-up-to-r100-000-in-your-account-will-be-guaranteed-as-part-of-new-scheme-20220525•https://www.iol.co.za/personal-finance/opinion/deposit-insurance-creates-faith-in-sas-smaller-banks-766f69a2-ccc2-4f97-be18-bab6ac479f6e •https://www.cfainstitute.org/en/advocacy/issues/systemic-risk#sort=%40pubbrowsedate%20descending •https://businesstech.co.za/news/banking/231009/all-the-south-african-banks-that-have-failed-in-the-past-30-years/ •https://www.resbank.co.za/en/home/what-we-do/Deposit-insurance Instagram: https://www.instagram.com/burstboxpodYouTube: https://www.youtube.com/@burstboxpod  🎙Available on Apple Podcasts, Spotify & Google PodcastsIf you enjoyed this episode, please leave a review, and share it with a friend. Thank you for your support. #burstboxpod #SouthAfricaBankFailures #DepositInsurance #SiliconValleyBank 

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