Beplanning onderwerpe
Duca del Cosma South Africa, the renowned luxury golf footwear brand, has unveiled its latest range of golf shoes for the 2023 season. The new collection boasts the latest in golf shoe technology, style, and functionality, making it the most advanced golf shoe range that the brand has ever produced…
Investment markets came down substantially last year as soaring inflation drove central banks into a sharp interest rate hiking cycle. But although inflation appears to have slowed in the US – from 9% to 5% – financial analysts are not sure the worst is over and we may still be in for a recession…
By Pieter AlbertynAs inflation continues to rise, so do interest rates – putting more pressure on South African consumers. Statistics South Africa recently announced headline inflation growth of 6,9% in January to 7% in March, with core inflation increasing by 0,3%. This is concerning as the South…
With continuous increases in interest rates and inflation, consumers should carefully manage their finances to avoid being over-indebted, according to Claire Klassen, Consumer Financial Education Specialist at Momentum MetropolitanKlassen said: “Over-indebtedness is a stage in your financial life…
Calling all likers of things. This alert is for you!The Hollywoodbets Durban July Bonanza comprising a host of magical prizes valued at over R1 Million has been launched and is giving away exclusive Hollywoodbets Durban July experiences, cash and a car.To put yourself in line to win either one of…
Stokvel concepts with appropriate investment models may hold the key to alleviating poverty and extending equal access to economic ownership and capital accumulation in South Africa.Most people have been using stokvels for informal savings over the years, frequently depleting their savings around…
All South African retirement fund members received some good news in February 2023, when the tax-free portion of the lump sum retirement benefit was increased from R500 000 to R550 000. After the excitement of the increased payment died down, the reality of what to do with the “extra money” kicked…
As South Africans prepare themselves for higher stages of load shedding in the coming colder months there remains a growing concern around the possibility of a total grid failure.A grid failure is described as a total or partial interruption or suspension of electrical power supply from the…
Financial planning is a journey, not a destination, a fact that is often forgotten when planning for your financial future, according to Janine Horn, a financial adviser at Momentum. Horn said: “People may think that financial planning is not for them or they are too old to start planning their…
The potholes on our roads can make driving a nightmare, and if you don’t hit your brakes on time or are not cautious of financial potholes you can end up with a big hole in your torn wallet.The same finesse we apply when negotiating potholes on the roads is equally important when it comes to…
Over this week and next, I look at gold as an investment. A quick disclaimer: this is not a recommendation to invest in gold and does not constitute financial advice; it is simply aimed at providing you with information.Before we get into the serious business of investing in gold, here are some…
Banking fraud, related to current accounts and internet banking, remains high on the list of complaints to the Ombud for Banking Services South Africa, although banks appear to be making greater efforts to resolve some types of consumer disputes internally.This information is contained in the…
The informal sector in South Africa is showing signs of a movement away from cash, a new Mastercard study has found. In a white paper titled ‘Driving Financial Inclusion In South Africa’s Informal Economy: The Landscape At The Bottom Of The Pyramid’, Mastercard interviewed under-served consumers…
THROUGH inheritance, royal estates and shrewd investing while a prince, King Charles III has considerable fortune to his name.Queen Elizabeth II bequeathed her son an estimated £360 million (R8.32 billion) upon her death in September last year, boosting Charles’s fortune to £600m, according to an…
Xiaomi’s range of lighting and speaker solutions offer easy use in an age of convenience.They also provide peace of mind as security systems, amidst rising crime levels, by monitoring your home from the Mi Home App for extra safety.The idea of smart homes was once reserved only for the wealthy, but…
By Siphamandla ButheleziWhether through resignation, retirement or retrenchment, people change jobs all the time. Unfortunately, most of them cash out their pension funds when they do – and it’s one of the biggest reasons why only six out of every 100 South Africans end up with enough money to…
By Frank KnightDebtors’ books correlate closely to interest rate hikes.Every 0,25% increase in the interest rate in South Africa ultimately increases the number and value of trade credit insurance claims. This is a phenomenon of the true cost of credit. Consumers who bought cars or houses at the…
The potholes on our roads can make driving a nightmare, and if you don’t hit your brakes on time or are not cautious of financial potholes you can end up with a big hole in your torn wallet.The same finesse we apply when negotiating potholes on the roads is equally important when it comes to…
Everybody is “up in arms” about the new anti-money laundering and combating of terrorist financing measures introduced which affect trusts. It is interesting to watch how many “so-called” advisers see an opportunity to “make a quick buck” by advising their clients to undo their trust structures, or…
On 19 April 2023, Public Accounts (SCOPA), Chairperson: Mkhuleko Hlengwa from the IFP chaired a meeting with the Deputy Ministry of Transport relating to the Road Accident Fund (RAF) 2020/21 Annual Report and related matters. The RAF is an entity of the Department of Transport’s with a very…