Planning Topics
The FPI has announced the three finalists for this year’s Financial Planner of the Year award.The annual Financial Planning Institute of Southern Africa (FPI) Convention, incorporating a Gala Dinner and Awards Ceremony, takes place in less than three weeks.A highlight of the event is the crowning…
According to Wikipedia "Don't throw the baby out with the bathwater" is an idiomatic expression for an avoidable error in which something good or of value is eliminated when trying to get rid of something unwanted. The concept is as old as time itself. The earliest record of this phrase is in 1512…
According to Wikipedia "Don't throw the baby out with the bathwater" is an idiomatic expression for an avoidable error in which something good or of value is eliminated when trying to get rid of something unwanted. The concept is as old as time itself. The earliest record of this phrase is in 1512…
The local equity market enjoyed a welcome upswing in the second quarter to June 30 after lacklustre performance in 2023 and early 2024. The FTSE/JSE All Share Index (Alsi) closed at 79 707 points at the end of June, up 4.8% from 76 027 points at the end of March and up 6.9% from 74 535 points at…
My partner and I are looking to invest together. Can we both contribute to the same retirement account? Do you offer products specifically designed for couples who want to save for their retirement together? Magdeleen Cornelissen, Wealth adviser at PSG Wealth, MenlynThere are many investment…
The Association for Savings and Investment South Africa (Asisa) has announced that it was positive that the two-pot system would be implemented on September 1.President Cyril Ramaphosa signed the Pension Funds Amendment Bill into law last Sunday. This was the last piece of legislation required for…
Formal cases reported to the Ombudsman for Banking Services (OBS) increased by 12% to 8 521and referrals (now called premature complaints) increased by 11% to 13 373.This information is contained in the 2023 Annual Report for the Ombudsman for Banking Services (OBS).The report was…
By Manyehlisa LehohlaDuring his playing days, says South African football legend Quinton Fortune, he was under the illusion his career would have no finite point.So entrenched was this idea of an infinite career that the decorated Fortune – who made a career-defining move in the late 90's to…
This is the seventh article in a nine-part series that summarises findings from Just Retirement Insights 2024, a tracking study conducted by retirement income specialist, Just SA.Just Retirement Insights 2024 found that 39% of respondents, who are over the age of 50, have not made any calculations…
By: Willem OberholzerSouth Africa has abundant resources and strategic geographic position, yet faces numerous economic, political, and social challenges that make local investment a high-risk endeavour. Given the current landscape, it is prudent for South African investors to consider diversifying…
WORKING South Africans are more positive about their finances than they have been since the onset of the Covid-19 pandemic in early 2020. This is the good-news message to come out of the 2024 Old Mutual Savings and Investment Monitor Report released this week. While economic challenges remain, we…
The roughly 30 000 South African taxpayers who have experienced refund reversals from their accounts by the South African Revenue Service (Sars) were told by the authority not to be worried.It said in a statement on Thursday it noted the challenges with respect to refund reversal on some of…
South Africans’ levels of financial stress have remained high for the past three years, affecting their home and work lives as well as their health.Younger people and those with less income are the most anxious, with particularly women carrying the burden of financial stress. Older people and those…
According to the OSTI report, the highest number of disputes, or 42% of overall claims, were related to motor vehicles. “The majority of these complaints were accident-related claims that were declined because of policy exclusions,” states Tarina Vlok, MD of Elite Risk Acceptances, a subsidiary of…
Estate agents, lawyers, trust services and company services providers have been tardy in their more than a year late submissions to the Financial Intelligence Centre (FIC) and this is standing in the way of South Africa exiting the grey list of the international Financial Action Task Force (FATF…
Currently, we are faced with a daunting unemployment landscape in South Africa, where the youth unemployment rate (individuals aged 15-34 years) sits at a concerning 44.3%, according to Statistics South Africa.Now, many young South Africans with innovative ideas are taking charge by launching their…
By: WesbankApplying for credit can be a daunting experience, especially when you consider the anxiety one feels about potentially being turned down. However, understanding the process can ease your worries. As a registered credit provider, WesBank can help you navigate the steps involved in…
Many cash-strapped South Africans are turning to credit to make ends meet. Unfortunately, fraudsters are also looking to cash in on the increasing demand for credit and there is little they won’t do to take advantage of vulnerable victims. The solution is to take both proactive and reactive…
From ‘Yahoo Boys’ who operate online to the seemingly innocent man or woman on the street, scammers are everywhere, and their tactics are becoming increasingly sophisticated.Dave Barber from Walking with Winners says, “You wouldn’t be able to spot a scammer in the street. They don’t have a distinct…
By: Michael Emery Making sure your family has the best possible medical cover is a priority, but achieving the goal can be challenging. Medical plans are complex and there are many products, including gap cover to ensure high costs don’t derail your finances. Working out which plan is best for you…