Beplanning onderwerpe
According to the local government revenue and expenditure report for July – December last year, which was released by the National Treasury this week, Metropolitan municipalities are owed R154 billion, compared to R128.4bn reported in the same quarter of last year. The largest debtor books belong…
With the load shedding crisis and incredibly high rates of unemployment, predictions are that South Africa’s economic performance will mirror that of last year if not worse, according to Eaton South Africa, a diversified power management company.Godfrey Marema, the managing director of Eaton South…
Rising inflation rates and stagnant incomes have created a situation where more consumers have turned to credit cards and personal loans to make ends meet, according to Neil Roets CEO of Debt Rescue.Consumers are under financial pressure following increases in the cost of food and petrol.Roets said…
Pretoria - The trustees of a retirement fund are not bound by the wishes of the holder as to who should receive the money – even if the holder stipulated those wishes on the beneficiary nomination form prior to death.This was once again confirmed by the high court in Durban when the customary law…
A lot has recently been said in the media about the possibility and impact of the Financial Action Task Force (FATF) greylisting South Africa this month.The fact is it is no longer relevant that we were greylisted, as new measures were legislated in late December 2022, to strengthen South Africa’s…
Cape Town - A dispute over control of a family trust set up in 2007 by an architect who divorced his wife in 2018 and removed her from the trust, leaving two new trustees in control, has been resolved by the Western Cape High Court.The applicants in the case were Cornelius Meier’s former wife Margo…
After President Cyril Ramaphosa’s announcement of a state of national disaster due to the energy crisis, along with South Africa being greylisted and the cost-of-living crisis, it is not surprising that economists believe we have already entered a technical recession, according to Janine Horn,…
It has been a tough start to the year for South Africans, with President Cyril Ramaphosa recently announcing a national disaster due to the energy crisis. The country has also been greylisted, a contraction in GDP was announced for the final quarter of 2023 recently, with many expecting the first…
Horse racing operator 4Racing on Tuesday said as part of a Broad-Based Black Economic Empowerment (B-BBEE) initiative it would transfer a 26% stake in the company to a Grooms and Employees’ Trust.In December 2022, the Competition Commission approved the implementation of the 4Racing Transformation…
15 March marks Consumer Rights Day, making it the perfect time for consumers to be reminded about what rights they have when it comes to taking out credit and that they can regain control of their finances when they experience over-indebtedness. According to Neil van der Walt, Debtsafe Marketing…
Retail Bond information can be obtained at www.gov.za. The web page states that, “To encourage households to start saving alongside business and government, the National Treasury developed a retail bond which offers guaranteed returns, can be bought for as little as R1 000 and carries no commission…
It is our Pension Plain episode for March, the monthly feature where we talk about everything retirement-related, whether product, platform or policy. Today’s discussion is on private debt and how it remains a growing part of pension plan portfolios, it is actually the fastest-growing asset class…
In the cut-throat world of technology, diversity and innovation can be hard to come by.That is why AYO Technology Solutions (AYO) stands out as a true trailblazer in the field. With its majority black ownership and 26-year track record of success, AYO has made waves on the Johannesburg Stock…
Many South African consumers may find themselves in the middle of a financial storm following an increase in the cost of petrol, a rise in interest rates and spiralling food costs.However, all is not lost, as consumers can take steps to gain control of their finances and make better money…
BY Kate Orkin, Ingrid Woolard, Maya Goldman and Murray LeibbrandtThe COVID-19 pandemic worsened the unemployment crisis in South Africa. In the second quarter of 2021, unemployment rates were the highest ever officially recorded. Many people who lost their only source of stable income fell into…
At the Raging Bull Awards gala dinner on Tuesday 28 February, PSG Asset Management emerged ahead of last year’s winner, Ninety One, to clinch the coveted title of South African Manager of the Year. The awards were for investment performance to the end of 2022. CEO Anet Ahern talks to Ruan Jooste…
People who are working and earning a salary may have a YOLO (you only live once) attitude towards life, but they forget to think about the future as well as life after retirement.Sherwin Govender, business development manager at Glacier by Sanlam, said: “So many people in their late 20s, 30s and…
By Palesa Dube Over the past few decades, there has been a rise in the number of women entrepreneurs who have established successful businesses, are creating employment and wealth for themselves as well as building their legacies.Women-owned businesses have been ever-increasing, and according to…
In his recent Budget speech, Minister of Finance Enoch Godongwana said that improved revenue collection was one of the reasons he was able to provide tax relief in excess of R20 billion to both individuals and companies to support the response to energy challenges and to account for inflation tax…
South African consumers may be familiar with the term debt but are they aware of good debt and bad debt as well as the major difference between these two types of debt.James Williams, head of marketing for Wonga, breaks down the meaning of good debt and bad debt.Good debt: “A simple rule about debt…