Beplanning onderwerpe
The manner in which South African trusts are to be managed has changed overnight. As we have a unique situation in South Africa where many trusts only have family (lay-person) trustees appointed, many trusts are currently non-compliant as these trustees are not even aware of the recent amendments…
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 Alexforbes, said that many people do not retire with enough retirement…
By Andrew Rymer and Robert Davy South Africa is beset by long-term and near-term challenges, most notably an ongoing power crisis, but we think that it’s not all doom and gloom for investors in the country.South Africa’s economy faces an array of structural challenges, and the need for reform is as…
A will is one of the most important documents that a person needs because it specifies what happens to their estate after they pass away, according to Aneesa Razack, CEO of FNB Fiduciary. Razack said: “While it is common knowledge that many South Africans do not have a will, it has never been…
The rising cost of living, along with soaring interest rates, has placed substantial financial pressure on consumers.Considering the increasing household debt-income ratio, South Africans should take a critical look at their spending habits and their debts.According to Marine van Brakel, Chief…
By Dominic PreussPayShap launched on 13 March, in collaboration with the South African Reserve Bank and developed with BankServAfrica as an intermediary of a new modernised real-time payment rail that facilitates the movement of funds between participating Payshap financial institutions. By Dominic…
The recent Prosus JSE SENS announcement stated that “the (Bekker) family trust sold a parcel of Prosus shares to fund building operations at hotels in various countries in which the family trust has an interest.” It is not clear what the Prosus statement implies – whether these interests are held…
By Tony SingletonAll too often, when the festive season is over people find themselves cash-strapped at the beginning of the new year, which prompts many to consider downgrading medical expenses as part of managing their finances.While axing wasteful or underutilised expenditure, people who are…
There used to be pawn shops in almost every small town in South Africa. Now they are rife in big cities too. This is where one can get a collateral-based loan, which means the loan is secured by something of value. This doesn't mean something that has value to you but means nothing to someone else…
Cunning Greeks use Trojan Horse, Armenians butchered, Antarctic explorer lives up to the name of his ship, a failed rescue mission and deadly clashes in Sudan1184BC Using stealth and guile, the Greeks besieging Troy finally enter the city, after 10 years, hidden inside the fabled Trojan Horse.…
Shock waves in Europe at Prince Imperial’s death, the prolific and influential Bard dies, the EPL’s fastest goal, Channel tunnel idea nixed, New Coke backfires1516 Duke Wilhelm IV of Bavaria endorses ‘The German Beer Purity Law’ ensuring beer is brewed only from three ingredients – water, malt…
Deadly mistake for amaXhosa in the Battle of Grahamstown, first use of poison gas in warfare, Wild West land rush, record Covid numbers1529 The Treaty of Zaragoza divides the eastern hemisphere between Spain and Portugal.1817 Curacao prohibits the use of white paint owing to fierce sunlight, but…
The insurance gap in South Africa is a cause for real concern, with the Association for Savings and Investments South Africa (ASISA) research released late last year confirming that many working individuals have a shortfall of at least R1 million in life cover and R1.4 million in disability cover…
Data is everywhere but it’s important that users know exactly how data works to save costs and maximise the amount of time they can enjoy the benefits of a digitally connected life By Cornelia Van HeerdenEverything you do online will require some mobile data if you are not connected via wi-fi.…
If you are about to retire, one of the most important decisions you will have to make is the choice of annuity to opt for to ensure a suitable income stream during your golden years. The decision is like the one you make when choosing between a petrol, diesel or hybrid car. The different engine…
Many South African parents are falling under the burden of the rising cost of living and providing for their children’s education and basic needs. The cost of education, stationery, and other necessities like school uniforms can be particularly high, making it difficult for many families to cover…
Dawn of the Mughal and Roman empires, luck runs out for the Red Baron, prostitutes off the hook and doomed submarine crew’s farewell video753BC Suckled by a wolf at birth, according to mythology, Romulus and Remus found Rome, the beginnings of the Roman Empire.1506 The Lisbon Massacre, which…
By Christel BothaLeaving an inheritance after your death is something many people aspire to. However, the cost of dying and winding up your estate will reduce the inheritance your loved ones receive.Everything you own and owe forms part of your estate at your death. You have assets like money,…
By Megan TuckerSouth Africans abroad face multiple challenges when it comes to withdrawing their retirement policies in South Africa. The most recent being the South African Revenue Service (SARS) implementation of the 3-year lock-in rule on retirement funds in March 2021. This was further…
I attended the Financial Sector Conduct Authority's (FSCA) presentation of its first-ever regulatory actions report this week. It was good to see that the regulator had decided to be more transparent about its enforcement actions, and I was impressed with some of the statistics that were presented…