Planning Topics
By: Duma MxengeThe National Treasury introduced Tax-Free Savings Accounts (TFSAs) almost 10 years ago, on 1 March 2015, to encourage South Africans to save and invest more, reduce household debt, and build a more financially resilient community.10 key points when considering a TFSA:Tax-free growth…
By: Rex CowleyIn today’s volatile financial environment, many individuals are seeking ways to safeguard their savings from political instability whilst wanting access to global financial markets and hard currency. International pension funds are becoming more sought after,…
The Non-life Insurance Division of the National Financial Ombud Scheme South Africa (NFO) has determined that the absence of a valid Professional Driving Permit (PrDP) did not justify an insurer’s rejection of a claim following the armed hijacking of a goods truck.The ruling, issued recently,…
February, the month of love is an annual opportunity for couples to celebrate their commitment. Where romance has dimmed in the busyness of life, this time also offers a chance to reignite the spark with lavish expressions of devotion like chocolate, perfume, love letters, and even life cover.…
In the construction industry, where high-pressure environments are the norm, mental health often takes a backseat to safety and productivity. However, the mental well-being of employees is critical to their performance and, ultimately, project success.In an endeavour to deepen the understanding of…
By: Tobie van HeerdenLiving a high life and earning a small fortune as a seasoned sports player doesn’t mean that this lifestyle will continue forever. Retirement will come earlier than expected, and sportsmen need to prepare for that as soon as possible.While we all dream of our favourite sports…
Despite market volatility, Citadel’s recent South African Manager of the Year award, 2025 Raging Bull Awards, proves that the company is navigating the current global economic storms; ensuring clients have the financial freedom to shape their futures.Uncertainty has become a defining feature of…
South Africa’s three million-plus entrepreneurs, who already juggle multiple responsibilities every day, face an onerous additional task in February: paying their companies’ first provisional tax charge for the financial year. For many small- and medium-sized enterprise (SME) owners…
By: Lance LawsonWith South Africans being able to invest up to 45% of their retirement savings, and up to R11 million in total per calendar year offshore, many are taking the opportunity to move their investments into foreign jurisdictions – a sound move that helps to mitigate local risks and…
By: John ManyikeThe economy is showing signs of a turnaround, and consumers can take advantage of improving conditions by reducing their high debt levels.Although external forces may derail progress, the current outlook for South African households is positive. President Cyril Ramaphosa boosted…
By: Gavin LombergWith interest rates at a multi-year low, now is an opportune time for first-time homebuyers to step into the property market.However, when it comes time to budget, potential homebuyers are encouraged to account for several important - but often overlooked - costs.While home loan…
By: Ester Ochse and Samukelo ZwaneWhile we tend to focus on retirement as something far in the distance, it’s crucial to start thinking about it early.In fact, starting to save for retirement as soon as possible, even in your 20s, is one of the smartest financial moves you can make. The…
By: Mbalenhle Mahlaba The unexpected postponement of the 2025 Budget is causing endless speculation as well as heightened unease and uncertainty among business owners, investors as well as South African taxpayers about what the immediate future holds.Maybe even more so for South African…
Nicola MawsonJoel Kopping’s vehicle was stationary on the freeway due to traffic coming to a standstill when a truck belonging to Titanic Trucking changed lanes into his car. There was no damage to the truck, and some R34 000 in repairs were needed to fix Kopping’s vehicle.Kopping decided to…
In an unprecedented move, the Speaker of Parliament, Thoko Didiza, postponed the 2025 Budget address by Finance Minister Enoch Godongwana to March 12. This decision, the first of its kind, has caused significant concern nationwide.Jurgen Eckmann, Wealth Manager at Consult by Momentum, remarked, "…
The postponement of Finance Minister Enoch Godongwana’s Budget Speech this past week left the nation in a state of shock, especially after it came to light that the government had planned on increasing Value Added Tax (VAT). The speculation about a possible VAT increase raised alarm bells for…
AVBOB has received public backlash after a young woman shared that the funeral services provider only paid out R4,000 for a funeral when her mother had been paying for 23 years.In a TikTok video @bahlebonke_s said that she had lost all faith in funeral policies and considers them scams, especially…
I moved overseas to London for work last year and now have a higher salary when converted into Rands. I plan to return to South Africa within 5 years, and I'd like to begin investing locally while my income is elevated. Apart from the Retirement Annuity (RA) and Tax-Free Savings Account (TFSA) that…
FSCA warns public about impersonation scam involving Nampak Limited and its CEOThe Financial Sector Conduct Authority (FSCA) has issued a warning to the public about individuals impersonating Nampak Limited (Nampak) and its Chief Executive Officer, Mr. Phil Roux, on Telegram.According to the FSCA,…
South Africa’s Minister of Finance, Enoch Godongwana, was meant to deliver his much anticipated 2025 Budget Speech in Parliament, Cape Town today.Things took a turn for the worst, however, as it was announced that Godongwana’s Budget speech will be postponed until further notice.This comes after a…