Beplanning onderwerpe
Burying your head in the sand and hoping for the best is definitely not a solid retirement funding strategy, according to Janine Horn, financial adviser at Momentum.Belinda Sullivan, head of corporate consulting strategy at Alexander Forbes, said that many people do not retire with enough…
According to the latest Momentum Consumer Financial Vulnerability Index (CFVI), South Africans were more financially vulnerable in Q4 2022 than they were in Q3 2022. Therése Havenga, head of business transformation at Momentum Investo, said that South Africans were more financially vulnerable…
The cost of living in South Africa has seen an aggressive increase in recent years. The pressure on consumers is immense, with the interest rate rising to levels last seen more than a decade ago and inflation also pushing up food prices, along with petrol price increases. “As a result, some…
Johannesburg - The perceived lack of financial inclusion in South Africa has an increasing number of international agencies voicing concern around the number of “unbanked people'' and the “high prevalence of cash as a financial medium in the country. The recent Financial Action Task Force (FATF)…
South Africans are feeling the financial pinch.Fuel and food prices are skyrocketing, electricity prices are climbing even with incessant load shedding, and interest rate hikes have added thousands of rand to home and car loans. In a country with one of the worst savings rates in the world, South…
This past week South Africans faced their worst nightmare since the start of load shedding in 2007, when the country was thrust into all-day Stage 6 load shedding that, by all accounts, will continue indefinitely – with the inevitability of moving to stage 8 hanging like a sword over citizens’…
1Life Insurance has announced that it launched a new and innovative life insurance product that focuses on ensuring that both direct clients, as well as clients within their broker network through 1Life Vantage. The new product allows brokers to preserve, and transfer, their clients’ generational…
If you are like me and have a bond, you know that the interest rates and all the financial costs can be draining. But there may be an option to make some extra money through Airbnb. If you bought a house this year and took out a home loan for about R1.4 million, your bond payment is around R13 000…
Every part of the economy is undergoing transformation, which is essential for long-term viability and sustainability. The under-representation of black women in managerial roles is even more lacking in some of these sectors. Studies have repeatedly shown a growing pay gap between men and women,…
Getting a mortgage on your dream home if you are not employed full-time and earning a fixed salary can be a struggle.Freelancers, those working on commission or sourcing their income from gigs, and many other independent earners, often find themselves facing a brick wall when applying for a home…
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…
Nosipho NhlekoSome of us are familiar with the planned two-pot retirement system instituted by the government as a release from economic pressures, which will allow for limited withdrawals of up to a third of our retirement funds as at March 2024 to access retirement savings and to cope with…
3SIXTY Life has expressed the hope of exiting the period of being under curatorship in the next three to six months after surviving “one of the most difficult years” following the appointment of a final curator in March.The funeral insurer is finalising its annual statements for the 2020 financial…
With rising costs and increases in interest rates, many South Africans won’t have any extra money to take care of unexpected expenses. However, if they have an emergency fund they can use that money to take care of that expense. An emergency fund will allow people to be prepared for unforeseen…
Given the financially draining challenges that people are facing, including rising interest rates and inflation as well as increases in the cost of living, means that many people will be using credit and taking on bad debt to make ends meet.According to Neil van der Walt, Marketing Manager,…
By Brett Ladouce It is hardly debatable that retirement fund members who employ the services of skilled and experienced financial advisers to assist them with their retirement planning have a higher probability of achieving better outcomes than members who decide to take on the retirement planning…
By Tim PowellWhether you’re a South African living overseas and are a beneficiary of a will, or are living in South African with family overseas who may benefit from your will, there are three scenarios in local exchange control for inheriting from a deceased estate. Scenario 1: Bona fide non-…
Private health care is growing increasingly out of reach of anyone outside the top income brackets: medical specialists are charging what they like and getting away with it because they are in high demand and becoming scarcer as more of them leave the country; liability cover for certain…
By Palesa DubeA retirement fund, such as a retirement annuity, a pension or provident fund, is a common way and a great starting point for many people to save for their retirement years. While having a retirement fund is certainly a good step towards achieving financial independence, it is not a…
Generative artificial intelligence (AI) tools like ChatGPT bring powerful capabilities to the man on the street and have the potential to revolutionise everything from the way they walk to the way we talk. But the underlying infrastructure behind disruptive technology in financial planning is…