Beplanning onderwerpe
There has seen a greater uptake of funeral policies for customers between the ages of 34 and 45 during the last three years, according to Standard Bank Insurance Brokers.The financial institution said that previously, the average age of customers taking out funeral cover was between the ages of 45…
Later this week, on Thursday, South Africans will know what the South African Reserve Bank’s (SARB) Monetary Policy Committee Meeting (MPC) decision will be on the repurchase (repo) rate for the country.The Reserve Bank has been on an aggressive trend of hiking the rate in a bid to help curb…
Cash stuffing, a new way to budget, is quickly becoming a viral trend on TikTok with many users of the platform starting to use this method to take control of their finances.Cash stuffing involves allocating specific amounts of cash that you can spend each month on different expense categories such…
Rising inflation has an tremendous impact on the cost of living in South Africa. Increases in the cost of food, petrol and utilities plus interest rates hikes on home loans, car repayments and debt has resulted in people looking at different ways to save money.Natashia Janse van Rensburg, Finance…
With the cost of living increasing as well as rising interest rates South African consumers are under a lot of financial pressure.Sonja Oosthuizen from Standard Bank Insurance said that the financial pressure has resulted in people looking for ways to save as much money as possible and cut down on…
If you have been renting out your investment property this may be something you should read. The South African Revenue Service (Sars) is now “aiming their pens and ledgers” at property landlords. If you own one or more investment properties that you let out to tenants, it is important to note that…
Education is the key to a great future, but, like all good things, it can come with a steep price tag. For many graduates, this means shouldering part of the national R16.5 billion student debt and starting a working life with this financial burden. But, says Old Mutual, it’s not all bad news.…
The latest 1Life survey reveals the tough economy has encouraged consumers to take generational wealth more seriously.The 1Life Generational Wealth Survey shows that consumers are now starting to prioritise financial planning with over 90% of respondents indicating that they have looked at ways to…
Nobody likes planning for their death, but if we don’t do it, we risk leaving our loved ones with a terrible mess that they will have to deal with during a period of heartache. Almost everyone has a story about a trauma, disruption or feud that destroyed family unity after a member died. If your…
March 21 marks Human Rights Day, making it the perfect time for South Africans to get more informed about the consumers rights.Consumers have a wide range of protection in the form of legislated consumer rights that has developed over many years into the framework that people know today.Reana Steyn…
Every year, March 21 reminds us of our human rights and how hard those who came before us had to fight for them. Much like basic human rights, everyone should have the right to achieve financial success and wellness in their lives, according to Bertie Nel, head of Financial Planning and Advice at…
South Africans are feeling the financial pressure of managing their finances while facing rising interest rates and increases in the cost of living.Despite the mounting financial pressure people should find a way to have a better relationship with, and ensure that they are taking steps to get…
While markets may be highly efficient weighing machines in the long run, they can also be highly irrational voting machines in the short run. Sentiment is powerful - and can sway market directions and human behaviour for far longer than you’d expect. While savvy investors know that one way to…
The onslaught of load shedding has made many home owners consider whether going off-grid and installing solar is the best way to go. According to real estate brand Fine & Country South Africa, some studies show that installing a solar photovoltaic (PV) system – solar panels, batteries and…
By Alice MakochiengThe theme for this year’s World Consumer Rights Day (WCRD) on March 15 is “empowering consumers through clean energy transitions” – and it could not be more relevant in our current unstable energy environment.The crippling costs of keeping lights on and businesses afloat during…
By Farzana BothaI come from a family which experienced generations of poverty – financial and a lack of education. My great-grandparents lived far below the poverty line and could not read or write. Neither could their children, my grandparents. Each generation worked hard to improve the…
Hildegard Wilson, product solution design specialist at Momentum Investments, said the way that women and men spend their money before and after retirement is completely different, therefore their thinking towards retirement is different.According to Kerry Sutherland, a certified financial planner…
By Nirdev Desai“Everyone has a plan until they get punched in the face,” were the words of boxing legend Mike Tyson. Nowhere is this sentiment more appropriate than in the world of financial markets, where even the small changes can undermine the success of a financial plan.The role of the…
Overnight, the world of trusts has changed. This is while a large percentage of trusts in South Africa do not even have an independent trustee appointed who can guide the lay-person trustees, being the estate planner, their spouse, children, friends and so on. In many instances, the accountant,…
By Brett Ladouce Our Minister of Finance - Enoch Godongwana - gave pension fund members some good news in his latest budget. For the first time in nine years, the tax scale amounts for lump sum retirement benefits were adjusted. The tax scale amounts for lump sum retirement benefits were adjusted…