Planning Topics
By: Johann RossouwBudgets, often seen as restrictive and boring, are, in reality, the cornerstone of a robust financial plan. They provide a roadmap for our financial journey, guiding us towards our goals and ensuring we stay on track. By understanding the importance of budgeting and implementing…
Inflation levels in South Africa edged up by 1% in November to 2.9%.This was according to Statistics South Africa (StatsSA) who said that annual consumer inflation was at 2,9% in November, slightly up from 2,8% in October. There was no change in the consumer price index (CPI) between October and…
ICTU condemns Nedbank and ENS’s Moosajee for banking closure campaign against Sekunjalo Group.In a hard-hitting statement, the Information Communication Technology Union (ICTU) has slammed Nedbank and key individuals allegedly involved in the closure of Sekunjalo Group’s banking accounts,…
By: Andrew KingstonInvesting relies on maintaining a broad perspective. Markets move in familiar cycles, yet each has unique influences. The current investment phase we find ourselves in requires us to look far back in history – perhaps to the pivotal period in the US that was the 1930s.Current…
B: André Daniels and Colleen KaufmannAs South Africans prepare to close the year, the South African Revenue Service (Sars) is turning up the heat on tax evaders. The recent search-and-seizure operation targeting Ms. Shauwn Mkhize and others sends a chilling and unequivocal message: Sars is watching…
With the festive season fast approaching, criminals are also gearing up for a shopping spree of a different sort. With this in mind, Standard Bank is urging people to be extra vigilant.The bank's Fraud Risk Management team says criminals are sharpening their skills and using different methods at…
By: Michael EmeryGap cover is a range of products to cover medical scheme members for the shortfall (Gap) resulting from specific medical practitioner charges above the medical aid tariff. Despite growing adoption, many people still have misconceptions about what gap cover does – and doesn’t –…
By Ester Ochse and Samukelo Zwane17 November 2024: Although retirement can be a thrilling and rewarding time, long-term financial security and stability depend on careful planning. Making money last during retirement is one of the top concerns for retirees,…
By: Athaly KhanAs the festive season draws near, Standard Bank urges consumers to be extra vigilant as fraudsters are intensifying their tactics. The Bank’s Fraud Risk Management team has observed several methods used to deceive ATM users, particularly vulnerable individuals like the elderly or…
As the festive season approaches and South Africa experiences a boost in economic optimism following recent interest rate cuts and lowered consumer inflation, major retail outlets are gearing up to entice shoppers. However, it's crucial to remain vigilant about pricing and promotions during…
In the current economic climate, many locals may be wondering if their investments are safe in South Africa. Such concerns are understandable, given negative news reports about the South African economy, the rising cost of living for consumers, and large volumes of investment flowing out of the…
As the December holidays and festive season approaches, spending tends to increase dramatically. Some may have year-end bonuses to cushion the blow of this high-cost period, but conscious consumerism strategies can help everyone stay within budget. By being more mindful of our spending habits, we…
Life companies and asset managers have reported significant growth in black shareholding over the past six years, surpassing key Broad-Based Black Economic Empowerment (B-BBEE) targets, according to the latest transformation progress update from the Association for Savings and Investment South…
By: Mmasechaba GxoloA new study conducted by Momentum, with the assistance of research company Kantar on enabling the success of women in South Africa, shows that financial independence is the largest gap for women in achieving what they define…
We’re all so eager to spend over the festive season – on gifts, entertaining, holiday accommodation, and Black Friday “deals” – that it’s little surprise most of us are broke in “Janu-worry”.If your expenses are putting a strain on your budget if you want to make a start on reducing your debt and…
"Our children are the rock on which our future will be built, our greatest asset as a nation. They will be the leaders of our country, the creators of our national wealth, and those who care for and protect our people", former South African president, Nelson Mandela.Experiencing poverty during…
As the year wraps up, your money is at risk more than ever. Scammers are relentless, watching for any opportunity to steal your hard-earned cash. Don’t fall victim—stay vigilant.John Manyike, group head of financial education at Old Mutual, warns that people often become complacent about their…
The actual day of Black Friday this year coincided nicely with payday, which allowed thousands of South Africans to benefit from deals when they actually had money in their bank accounts – with billions ringing through the tills.Perhaps as a function of this, with the month-end grocery shop due to…
Discovery Bank tops 2024 South African Banking Sentiment IndexDiscovery Bank has been announced as the leader in the 2024 South African Banking Sentiment Index, ranking first in both operational and reputational performance.The annual index, compiled by DataEQ, gauges public sentiment towards the…
By: Hannah MyburghNot everyone is naturally inclined to save or skilled with numbers, but like many habits, saving can be cultivated over time with effort, discipline, and commitment. Building the habit of saving to grow wealth begins with adopting a healthy financial mindset. In this article, we…