Planning Topics
In the dynamic landscape of workforce management, the concept of retirement age holds both rational and practical importance. For employers, understanding the legal framework is crucial for ensuring compliance and adapting to evolving standards. This article outlines the current legal position…
No matter how busy life gets, it’s important to prioritise what we love. This includes making time to spend with the people we care about. But have you thought about your loved ones’ future and whether they’ll be looked after if you are not able to? No one enjoys facing their mortality, but…
With 64% of millennials now parents, and the majority being women, it’s worth unpacking the unseen financial load they carry, says Robyn Edwards, senior brand and marketing manager at digital financial services provider Finchoice. According to Edwards, millennial moms are not just caregivers—…
This Mother’s Day, I’m reminded that the early money lessons I’ve learnt didn’t come from textbooks or formal training – they came from the women in my family. They didn’t have flashy financial tools or expert advice, but they knew how to stretch a rand until it squeaked. Their approach was simple…
From impersonation and social engineering to leveraging generative AI and large-scale data breaches, insurance fraud has become increasingly organised and technically advanced. Global fraud losses totaled an estimated US$1.03 trillion in 2024, while South African insurers face potential losses…
For most parents, everyday life is a whirlwind of activity. With balancing work and family, most of our waking hours are spent catering to the needs of others – whether it is the demands at the office or the little ones at home. Despite the sacrifice, few things in life are as rewarding as…
In a bid to increase financial literacy, Sanlam has launched an initiative aimed at encouraging South Africans to break the silence around personal finance.While conversations about love, careers, and personal struggles flow freely among friends, money remains one of the most uncomfortable topics…
South Africans are rapidly withdrawing funds from their savings pots under the new two-pot retirement system, with many dipping into their savings for a second time in just a few months, according to Natasha Huggett-Henchie, consulting actuary and member of the Actuarial Society of South Africa (…
Managing personal finances can often feel like a rigid exercise. But what if budgeting allowed for both responsibility and enjoyment? Enter the frolic budget – a concept that balances financial discipline with the freedom to spend on life’s little pleasures. Even the term ‘financial…
Impersonation scams are becoming increasingly common in South Africa, with recent reports highlighting a surge in fraudulent investment schemes. One particularly concerning scam involves fake ‘get-rich-quick’ investment opportunities advertised in legitimate-looking groups on the messaging app…
On the back of the South African budget announcement, the reality is that the cost of living will continue rising, which means income and retirement savings will have to go further. Barto van der Merwe, Managing Director of Renishaw Property Developments, says there are several proactive steps…
First-time buyers now make up 72.71% of home loan applications – an increase from 71.34% the year before – suggesting growing confidence among new entrants, according to the latest home loan stats released by MyProperty Home Loans.The statistics, comparing March 2024 to March 2025, and the results…
Money troubles don’t knock politely—they barge in, sit heavy on your chest, and keep you staring at the ceiling when you should be sleeping. If you’re a South African worker wondering how to stretch your pay to cover rent, school fees, or even just a loaf of bread, you’re in good company. Financial…
Credit can be a vital tool for financial well-being, yet many South Africans lack basic knowledge about how it works and how to use it effectively. Data collected by the National Credit Regulator reveals that over 36% of South Africa’s 28 million credit-active consumers have impaired records. Of…
Managing a home loan is a significant financial commitment, and finding ways to reduce monthly instalments can provide much-needed relief, especially in challenging economic times.Adrian Goslett, regional director and CEO of RE/MAX of Southern Africa notes that the 0.5% VAT increase proposed in the…
In today’s challenging economic climate, many companies face financial distress and even insolvency. However, recent legal developments make it clear that financial hardship is no excuse for failing to meet statutory obligations, particularly the obligation to pay over retirement fund…
On Workers’ Day, South Africans reflected on the power of hard work, unity, and dignity. But while our efforts in the workplace drive the economy forward, there’s another, often overlooked contributor to success – how we make our money work beyond payday.“Working hard is powerful,” says Leonie O’…
Have you ever thought about what your financial future looks like? Not just your savings or retirement fund, but the full picture? Holistic financial planning is about more than ticking one box at a time. It’s about understanding all the parts of your financial life and ensuring they work…
Members of pension funds are advised to understand that a legacy policy, any policy in respect of a retirement annuity plan entered into before September 1, 2024, is exempted from the two-component benefit system, according to the pension funds adjudicator, Muvhango Lukhaimane. She says…
Financial freedom is a goal that many aspire to, yet few truly achieve. It’s often viewed as a simple formula: earn more, save diligently, and invest wisely. However, financial freedom also entails establishing sound financial habits early on so you can build enough wealth, passive income streams,…