Through financial market reforms and more assertive central banking policies, formerly “third world” countries have enhanced their resilience to external shocks, the writer says. Picture: 123RF July marks Savings Month in South Africa, but with the cost of living continuing to climb and household debt under pressure, building financial resilience has never been more important. From managing debt and boosting savings to making smarter investment decisions, financial literacy is increasingly being viewed as a key pillar of long-term financial well-being. Business Day TV unpacked the practical steps South Africans can take to improve their financial health with Warren Ingram, co-founder of Galileo Capital.