Planning Topics
By: Stian de WittRetirement should be a time of financial freedom, enjoyment, and spending more time with family and close relatives, however, without proper financial planning, it can come with serious risks and consequences.Here are five critical risks retirees face and why working with a…
In a groundbreaking move aimed at empowering South Africans financially, the Johannesburg Stock Exchange (JSE) has announced a nationwide initiative to help individuals claim unclaimed dividends.This campaign, spearheaded by the JSE, will address a significant issue in the country's financial…
The growing trend of stokvels and the seasonal withdrawals during festive season will require stokvel members to be vigilant and careful. Often stokvels are formed at the start of the year to enable spending in December and a result FNB sees the majority of withdrawals over this period.Cebile…
Canadian writer, and leadership expert, Robin Sharma, known for his motivational insights, introduced the concept of "habit stacking" as a tool to help South Africans navigate the tough economic climate.“Small, daily, seemingly insignificant improvements done consistently over time lead to stunning…
Global multi-asset broker PrimeXBT has announced its expansion into the South African market after recently acquiring a licence from the local regulator, the Financial Sector Conduct Authority (FSCA). In operation since 2018, the brokerage brand has gained popularity for its approach to…
Cybercrime has become a serious threat to South African consumers and businesses, with scammers leveraging the latest and most innovative methods to stake their claim on their victims’ hard-earned money.From sim swop and banking fraud schemes to social engineering scams and even deepfake audio and…
By: Boipelo NdimandeGender-based violence (GBV) is a scourge that too many women and girls face in South Africa. Trapped, alone, and voiceless, many women are caught in the cycle of abuse unable to break free. During these 16 days of activism against GBV, we need to shatter the silence and…
33% of financially stressed individuals reported feeling they have little control over life’s challenges, while 52% of financially secure individuals believe they can always take action to improve their situation.This information is contained in a recently conducted research by Momentum with a…
Marina KotsopoulosAgainst the backdrop of a second Trump presidency, political turbulence in Europe, and the ever-fluctuating Rand, one issue currently dominating conversations within the hedge fund space is the release of the long-awaited discussion document on the tax treatment of collective…
As the year draws to a close, many South Africans eagerly anticipate their year-end bonuses and thirteenth cheques, ready to reward themselves and their families for a year of hard work. But with the season’s excitement comes the temptation to overspend, be it gifts, holidays, or celebrations.…
This December, South African travellers are facing a tough economic landscape as fuel prices are set to rise substantially.The Department of Petroleum and Mineral Resources (DMRE) announced on Tuesday that both grades of petrol, 93 and 95, will see an increase of 17 cents per litre beginning…
The South African economy contracted by 0.3% (real GDP) in the third quarter of 2024, Statistics South Africa (StatsSA) said yesterday. The agriculture industry was the main drag on growth on the production side of the economy, with transport, trade and government services also contributing to the…
National Financial Ombud Scheme Returns Over R161 Million to Consumers in Less Than Nine MonthsIn less than nine months since its launch on 1 March 2024, the National Financial Ombud Scheme South Africa (NFO) says it has successfully returned over R161 million to consumers who were aggrieved by…
By: Sibongiseni NgundzeThe festive season is here, and with all the cheer comes the challenge of managing your money. But don’t worry. With a few simple tips, you can enjoy the holidays without stressing about your finances.A little planning goes a long way. By making smart financial…
By: Stian de WittAs retirement approaches, many people reduce their risk profile by shifting their pension investments to more conservative assets like bonds and the money market. However, this traditional strategy, though designed to protect against market volatility, can actually diminish the…
Black Friday 2024 delivered a day of exciting deals and shopping activity, performing well above a typical shopping day and marginally higher than the levels in 2023, according to early insights from BankservAfrica.Tracking the 24-hour results, BankservAfrica analysed transaction volumes against…
As the festive season quickly approaches, the excitement of celebrating the end of matric can often overshadow the significant financial planning required for the first year of university.January and February bring a host of unplanned costs for students embarking on their tertiary education journey…
Cash-strapped South Africans are choosing to spend their hard-earned salaries on food, transport and entertainment, according to a report.Standard Bank’s data — tracks the spending patterns of its retail customers — shows a decline in household spending on charity, donations, healthcare, insurance…
For many small business owners, the festive season offers a rare chance to step back from busy day-to-day operations and see the bigger picture. While this period allows for much-needed rest for some, it’s the perfect time to ensure your business is well-positioned to thrive in 2025.This is…
In light of the ongoing 16 Days of Activism, a time dedicated to raising awareness about gender-based violence (GBV), Senior Legal Adviser at Momentum, Sharon Hamman, urges South Africans to consider the role financial awareness and working towards financial independence can have in protecting them…