Planning Topics
By Keletso MpisaneThere are many factors that determine the cost of your car insurance, such as the cost of your car, your gender, marital status, driving experience and the distance you regularly drive. But did you know that there are many other factors that also play a role?While insurers…
By now you would be hard-pressed to find a South African who is not familiar with the terms Stage 1-6, load shedding, or even the tongue-in-cheek, Eish-kom. All of these are used to describe the instability of the national power grid.While we have come to accept the unfortunate reality of power…
“It’s personal” is the approach adopted by Melville Douglas that has afforded them the ability and credibility to deliver great returns to clients for more than 35 years.The driving force behind this boutique investment management company is an approach powered by a deep-seated commitment to…
For women to have true financial independence, they need to take more control of their finances and grow their money, according to African Bank. Ester Ochse, product head at FNB Integrated Advice, said that there are certain factors that women need to consider in regards to their finances, such as…
By Claire KlassenRetirement planning is one of the most important parts of your financial journey, but it is often neglected or postponed until close to retirement age. Starting to plan for retirement is easier when you are still young, and you have few financial responsibilities. This is the right…
By Rentia Mahoney Of the estimated 2.6 million micro, small and medium enterprises (SMEs) in South Africa, about 37% are considered formal. Of the total, 54% are micro-enterprises, and 15% are located in rural areas. The owners include individuals who have identified a business opportunity as well…
South African consumers have the South African Revenue Service to thank for the fact that their income tax burden will not increase for the 2023/24 tax year.So says Emil Brincker, director and head of tax and exchange control at Cliffe Dekker Hofmeyr (CDH), who was speaking at the law firm’s post-…
In accordance with the National Credit Act, South African consumers have the right to dispute any credit information that is factually incorrect on their credit report and to have the information corrected.Here are five things you need to do about the process of correcting inaccurate information on…
PSG Asset Management has emerged ahead of last year’s winner, Ninety One, to walk away with the prestigious title of South African Manager of the Year at the Raging Bull Awards held in Cape Town on Tuesday.The prestigious annual awards for the investment industry were for performance to the end of…
The Public Investment Corporation (PIC), guardian of 82% of the Government Employees Pension Fund’s (GEPF’s) portfolio is headed to court tomorrow (Tuesday) in a desperate bid to claw back funds it invested in JSE-listed AYO Technology Solutions (AYO) five years ago.The PIC made a R4.3 billion…
From March 1, both grades of petrol increased by R1.27 a litre, while the cost of diesel rose by 30c (500ppm) and 31c (50ppm).This means that the cost of a litre of 95 unleaded petrol is R22.30 at the coast and R22.95 for the inland regions.Following this petrol price hike, as well as increases in…
By Willem Schramade“There is no such thing as a free lunch”, and “you cannot have your cake and eat it”. Indeed, many languages have such expressions that say that where there are benefits, there tend to be costs as well. This kind of scepticism is applied to sustainable investing as well. The…
By Grayson RainierSharing financial goals and attitudes can be one of the most important parts of building a solid long-term relationship. While it might not be romantic, if a couple can agree on financial goals, they should be able to reduce potential areas of conflict and may even be able to…
Despite the recent increase in the national minimum wage South Africans will continue to struggle to feed their families according to Mervyn Abrahams, Programme Coordinator, Pietermaritzburg Economic Justice & Dignity Group (PMBEJD).“We welcome the increase in the national minimum wage but we…
Santam, South Africa’s largest short-term insurer proved its resilience last year after paying out just under R30 billion in insurance claims and it was still able to pay out a competitive dividend, CEO Tavaziva Madzinga said yesterday.He said the group faced its most difficult year to December 31…
The world’s ultra-richest saw their fortunes shrink by 10% in 2022, due to the war in Ukraine, a study said on Wednesday, but the outlook for them this year is bright.The study, by London-based property consultants Knight Frank, examined the fortunes of what it calls ultra-high-net-worth…
PSG Asset Management has emerged ahead of last year’s winner, Ninety One, to walk away with the coveted title of South African Manager of the Year at tonight’s Raging Bull Awards in Cape Town. The prestigious annual awards for the investment industry were for performance to the end of 2022.Below is…
The cauldron of debt and economic worries has just had a new ingredient added for South African consumers as March welcomed a massive fuel price hike. As load shedding continues to have a detrimental effect on the economy, South Africans entered 2023 in darkness thanks to the rolling power cuts,…
No matter their age, many people like to live in the now but forget to think about their future and what happens when no longer receive a pay cheque after they retire.Sherwin Govender, Business Development Manager at Glacier by Sanlam said: “So many people in their late 20s, 30s and even their 40s…
As obesity costs South Africa billions, Discovery Vitality on Wednesday announced the results of a national study comparing members’ collective weight across South African cities.The study showed Capetonians had the healthiest weight, while Gqeberha had the most room to improve.The ObeCity index…