Beplanning onderwerpe
While the South African Reserve Bank (SARB) announced a cut in the interest rates this past week, many are asking if it was too late and too little. SARB cut its repurchase rate (repo rate) by 25 basis points, to 8% a year, following seven-consecutive meetings at a 15-year peak of 8.25%.This means…
Nicola MawsonImagine giving birth to a stillborn baby and then discovering that your employer didn’t pay over the retirement contributions that were being taken off your salary, so you can’t afford to bury your child.Or having an emergency and needing to tap into your retirement savings pot. Except…
NEXT month officially marks National Estate Planning Month. There are no guarantees in life, however, being prepared for one of its unavoidable events– like death – makes a difficult experience more manageable for those left behind.Discovery Life head of legal services Harry Joffe says this…
By Brett LadouceThe undisputed winner of the Savings Pot Withdrawal race that started on September 1 is Sars. Millions, if not billions, of rands will flow into the state coffers in the next few months as we dip into our retirement savings at the speed of light thanks to the well-recorded, and…
Momentum Group Foundation calls for stronger collaboration to tackle youth unemploymentIn a bid to curb the unemployment rate among youth, the Momentum Group Foundation recently hosted the Masibambisane – Thriving Together event, which brought together leaders from the public and private sectors,…
By: Hayley ParryRetirement is about the fact that you have worked your entire life, and now deserve to down tools and enjoy the fruits of your labour right? Wrong! Research shows that 56% of employees are not confident in their ability to retire and while they have worked for most part of their…
If you fall into arrears on your vehicle loan, the bank that provided the loan may repossess your car. However, the bank is required to follow a standard procedure in these circumstances, and you need to know your rights as a consumer.Defaults (missed repayments) on vehicle finance, after trending…
By Chetan Vanmali, Yael Shafrir, Emily Gammon, Raeesah Shaik, Sidrah Suliman, Lauren Jimmy and Danica Jonker.The clothing and textile industry has faced wide-scale criticism for controversial environmental, social and governance practices. South African consumers might imagine themselves to be far…
South African Reserve Bank (SARB) Governor Lesetja Kganyago today announced a cut in the repurchase rate (repo rate) for the country. Kganyago said the central bank is cutting the repo rate by 25 basis points (BPS), meaning rates will come down by 0.25%. The repo rate will now be at 8% while the…
By: Roxshanna du ToitRecent developments in the governance of tax practitioners under the new Sars Interpretation Note 132 (IN132) have sparked significant discussion within the profession.Published on July 29, 2024, IN132 addresses the regulation, registration, and deregistration of tax…
It was the late noughties that saw the most prominent emergence of digital tools, which in turn paved the way for a whole new generation of investment companies in the form of online trading platforms. Since then, spurred on by rapid innovation, emerging inventions like cryptocurrency and the speed…
This month the Johannesburg Stock Exchange (JSE), Africa's largest exchange, launched a cloud Marketplace in collaboration with DataBP. Business Report (BR) held a Q&A with the JSE to find out moreWhat is Marketplace?Marketplace aims to transform the JSE’s data offerings. This new digital…
By Subash ChatrooghoonA possible reduction in prime lending rates is expected to be announced by the Reserve Bank tomorrow, and in what is expected to be the first of several decreases, South Africans have a chance to increase savings and strengthen their personal finances, Liberty says.Indications…
South Africans are increasingly using crypto to pay for goods and services, according to a new report by Luno, South Africa’s crypto investment app, and a licensed FSP.Christo de Wit, Luno’s country manager for South Africa, says, “One of the fundamental principles of money is its redeemability.…
As the South African Reserve Bank’s Monetary Policy Committee (MPC) gears up for its meeting tomorrow (Thursday, September 19), expectations are mounting for an interest rate cut of around 0.25% which would mean good news for home buyers.Century 21 South Africa CEO Harry Nicolaides explains what…
By 16 September, the Momentum Group said it had received 112 449 two-pot withdrawal applications to a cumulative value of R1.7 billion. The Group said it had paid 81% of all withdrawal applications and this percentage was rising steadily.Dumo Mbethe, CEO of Momentum Corporate said: “Our ability to…
By Nassief Mohamed and Caleb OrnellasThe world saw a dramatic change in 2020, when the Covid pandemic forced us to question everything from our careers to our health to how and where we lived. From a commercial perspective, businesses faced challenges too, whether it was dwindling customers due to…
All indications are pointing to a cut in the repurchase rate (repo rate) later this week by the South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC). Many economists predict a cut of 25 basis points (BPS) will be announced by SARB governor Lesetja Kganyago on Thursday. The repo rate…
By: Harry Scherzer, CEO, FutureForexOn Thursday this week, the Reserve Bank is likely to cut interest rates for the first time since the height of the Covid-19 pandemic. The anticipated decrease, which will come as welcome news to heavily-indebted consumers, follows a series of increases designed…
By Marnus MostertWhat do singer Amy Winehouse, artist Pablo Picasso, author Stieg Larsson and SA performer Riky Rick all have in common? While fame or success might be the first thing that springs to mind, the answer is actually that all of these celebrities died without a will, leaving a complex…