Planning Topics
By: Izak Odendaal The most far-reaching change in the South African retirement landscape in many years takes effect next week. After lengthy negotiations between National Treasury, the savings industry, unions and other stakeholders, the two-pot system will finally be implemented tomorrow (…
As a mother, how can I effectively plan to leave my children and grandchildren with the knowledge and confidence to build on their inheritance? Carina van Rooyen, wealth manager, PSGTransferring generational wealth without a plan in place can be a complex and emotionally-charged process for many…
National Health Insurance, or the NHI, is the single biggest indicator of whether the Government of National Unity (GNU) will work, whether the public and private sectors can genuinely co-operate in the best interests of the country and, ultimately, whether South Africa can move forward…
Gender discrimination works in women’s favour when they take out insurance because, all else being equal, they pay lower premiums than men for vehicle and life cover. However, they are more under-insured than men when it comes to life cover.Some countries have outlawed gender discrimination by…
By: Adam de WaalBuckle up for a roller coaster ride ahead as the Volatility Index (VIX) has increased by 165% this month signalling elevated uncertainty. This rise is attributed to a combination of geopolitical tensions, inflationary pressures, and unpredictable central bank actions, collectively…
With the September 1 implementation deadline looming, South Africa’s ‘two-pot’ retirement reform is fast coming to the boil.However, while President Cyril Ramaphosa is expected to sign the new Pension Funds Amendment Bill in the coming weeks, for many employers and labourers there remains much…
Given the recent talks around retirement options for employees, one may ask what options are available for small business owners to secure their financial future. With the local entrepreneurial landscape continuing to thrive, ensuring financial security remains a critical concern for business…
When times are tough, it can be tempting to look at those retirement savings that have been piling up for years and think about how much easier life would be if that cash were available. Old Mutual warns that although the soon-to-be-launched two-pot retirement saving system will give access to a…
A generation ago, career planning was a markedly simpler affair – career paths and even job titles were more cut-and-dried, easier to navigate, and the work towards gender parity was in early stages.Today, however, we live in a world of perpetual change, says Madi Clark, Group Talent Manager for…
The latest 2024 FNB Retirement Insights Survey unveiled the startling reality that almost 50% of the respondents don't have a retirement plan in place. This lack of preparation for retirement isn't just a personal financial risk, it's also a potential crisis that could send shockwaves through their…
Navigating an insurance claim can feel overwhelming, especially as it usually coincides with a stressful situation. Here are the top 13 #WYZETips that Hannes Smith, CEO of iWYZE, underwritten by Old Mutual Insure Limited, a licensed FSP and Non-Life Insurer, recommends you do to help you get…
When it comes to finances, women are more comfortable sharing than men, according to Sanlam’s recent research. Understanding how each gender prefers to speak 'money' makes for more harmonious relationships, better decision-making, and positive financial outcomes.Here are some key findings from…
Pick n Pay chairperson Gareth Ackerman would step down once the supermarket group’s recapitalisation was complete and the turnaround was in place, and the board would announce a successor in due course, he said at the annual meeting yesterday.He said also that long-standing board members would be…
By Marius KempYour short-term insurance contract can often seem overwhelming in its complexity, and particularly frustrating when a claim is not paid out in full or even declined.It is essential to understand the type of cover you have versus your needs. Having adequate insurance cover that is…
By Henno SenekalBlended families, where one or both partners have children from previous relationships or dependent parents merging into a new family unit, are becoming increasingly common in South Africa. In fact, 48% of employed South Africans have financial dependents other than their children…
By: Ayanda NdimandeBuilding a solid credit record from a young age is crucial for financial stability and future opportunities. Here are suggestions on how young individuals can establish and maintain a robust credit score right from the start.Embarking on your financial journeyOne of the most…
With the hybrid working model catapulting to popularity after Covid-19, the notion of work-life balance, and pressure to achieve it, has increasingly become synonymous with success for many women, globally. Yet, women continue to take on the majority of caregiving and domestic tasks – placing…
Persons who intend to withdraw from the savings pot of the Two-Pot Retirement System from 1 September 2024 must be registered for tax. Those who are not registered must register before they apply to their relevant fund. If a person is not registered for tax, the request for a tax directive sent…
By Lee NaikMore than 98% of South Africa’s businesses are small and medium enterprises (SMEs), employing up to 50% of the workforce, according to McKinsey, contributing up to 34% of the country’s GDP, making it clear that they are the backbone of our economy. That shouldn’t come as news – and nor…
“It’s all about money, money, money,” a schoolgirl sang the famous lyrics of Abba at the launch of the Rethink Rands programme this week – a programme that aims to reinvent money habits for the youth to foster financial freedom.The Rethink Rands campaign was launched to much fanfare at the…