Beplanning onderwerpe
Like the majority of established industries, the exponential move towards digitisation has changed the face of financial markets. South Africa is certainly no stranger to this evolutionary step in the way people transact, trade and manage money. The implications this has had in terms of…
Making smart financial decisions early in life isn’t just advisable – it’s essential. A recent Sanlam Finances Through the Life Stages survey of over 5 000 South Africans highlights this urgency, with 54% of respondents saying they would advise their younger selves to view money as an asset to grow…
For today’s youth who are eager to boost employment opportunities, travel, create new experiences, stay on top of the latest tech and embrace new trendsetting fashion, a good credit score is essential. It’s not just a number, but a vital tool that opens doors to achieving these aspirations and…
By Geo KilianWith tax season in full swing, taxpayers are once again at the mercy of the SA Revenue Service (Sars) to process their tax returns. Sars has proved to be a world-class organisation that delivers services that can be compared to the best revenue services globally.In 2023, it was…
By John ManyikeFor many of us, tax return time is a worrying period involving deadlines and admin, avoiding penalties, and ensuring that our returns are accurate. Then, with fingers crossed, if we are using e-Filing, we click a mouse and send the return on its way, hoping that a refund is in the…
By Phumla Mavundla In South Africa’s economic landscape, effective financial management is crucial for the success and sustainability of agricultural enterprises. According to the Land Bank, employment in agriculture grew by 27 000 (3.2%) in the first quarter of 2023, reaching 888 000. Despite…
By: Craig RocherThe recent signing into law of the Companies Amendment Act by President Cyril Ramaphosa, will significantly impact public companies and shareholders alike as it requires disclosure of the earnings gap between their highest- and lowest-paid workers.These amendments seek to address…
By: Steve Piper Life insurance is an essential element of building a sound financial future and as such policyholders should keep up to-date with what their policies provide, says Hollard Life Solutions head of underwritten intermediary sales, Steve Piper.The life insurance market is dynamic, with…
By: Lambert RobertsWith the 2024 Tax Filing Season upon us, South African taxpayers who want to do the right thing, face rising concern over non-compliant tax practitioners whose actions can spring nasty and costly surprises on unsuspecting taxpayers.In official correspondence, the South African…
Many young South Africans are not purchasing life insurance policies, highlighting a significant coverage gap, according to Old Mutual. Despite 62% of young adults (18 years to 29 years) recognising the importance of financial security, only 17% have life insurance coverage, according to the 2024…
Recent research shows that the Household Saving Rate in South Africa decreased to -1.10 percent in the fourth quarter of 2023, down from -1 percent in the third quarter of 2023. This is not new, our savings rate has worsened over the years, and with the sluggish economy, consumers are facing…
Many believe that the recent greylisting measures introduced compliance requirements for trusts for the first time. To quote an accountant who has served as independent trustee and accountant on hundreds of trusts for the past 20 years: “Luckily, in the past, we were not really required to do…
Insights from Professor Terrence Kommal is a podcast that is broadcast on the Business Report and Personal Finance websites. This week, I have decided to look at what was discussed regarding the new retirement system as it is less than six weeks away.The financial landscape in South Africa is…
When trading on the biggest and most volatile financial market in the world, speed and a safe, helpful trading environment are very important. This is why platforms like IFX Brokers, a South African over the counter (OTC) forex broker registered with the Financial Sector Conduct Authority (FSCA),…
MIWAY LIFE has announced that it launched its online platform for funeral cover, offering an unparalleled level of convenience and flexibility.According to MiWay, with the launch of the app, clients can now obtain coverage at their own pace, without the need for agent interaction, through a…
By John Anderson South Africa’s retirement sector is undergoing a significant transformation with the introduction of the two-pot retirement system. This new approach to retirement savings, effective 1 September 2024, is designed to strike a balance between long-term financial security and…
When trading on the biggest and most volatile financial market in the world, speed and a safe, helpful trading environment are very important. This is why platforms like IFX Brokers, a South African over the counter (OTC) forex broker registered with the Financial Sector Conduct Authority (FSCA),…
THIS is the eighth article of a nine-part series that summarises findings from Just Retirement Insights 2024, a tracking study conducted by retirement income specialist, Just SA.Just Retirement Insights 2024 asked the question: “If your retirement money is enough for now, but may run out in the…
By Clyde Parsons IN SOUTH Africa’s complex financial landscape, life insurance stands as a crucial pillar of financial planning for individuals and families. However, the sector faces significant challenges due to high inflation and the rising costs of living. The insurance industry must…
The second national survey of financial wellness by a major financial institution within two weeks has confirmed that South Africans are generally feeling better about their finances than they were a year ago, a feeling particularly shared by younger generations. This is despite ongoing weaknesses…