Planning Topics
With the global Forex market witnessing unprecedented growth, South Africa has emerged as a significant player in the trading landscape. As traders in the region look for reliable platforms to engage in foreign exchange, AvaTrade has gained attention for its services tailored to the South African…
By: Jashwin BaijooTHE Gauteng High Court, Johannesburg, handed down an unfathomable sentence of a cumulative 205 years behind bars to a “Value Added Tax (VAT) Fraud Syndicate” in April 2024. Broken down, individual sentences ranged from five to 65 years for fraudulent VAT claims, estimated at over…
When it comes to the number of resident millionaires with liquid investable wealth of $1 million (R18.5m) or more, the US leads the pack, with 11 cities in the Top 50, including New York City, which holds firmly onto first place in the 2024 World’s Wealthiest Cities Report, published annually by…
By: Stian de WittNOW that the tax year has come to a close, many individuals are anticipating significant tax rebates. Rather than hastily splurging on non-essential items, especially in an uncertain economic climate with volatile markets, consider investing along with any other bonuses or cash…
By: Yaaseen AlbertynIT WOULD seem that, as of late, the first of the month seems to be ushering in a mass ping of SMSes, as thousands of debit orders return on unpaid premiums across the country.According to Ask Afrika’s Target Group Index (TGI) Survey, most long-term financial products – both…
Have you applied for business funding and not qualified? This is common according to alternate business funder GroWise Capital which says that almost 10% of prospective clients don’t meet basic criteria. Small businesses face intense challenges trying to access funding but can dramatically…
By: Ayanda Mvandaba OFF the back of Financial Literacy Month, we should take stock of the strides women in finance have made and pose solutions to the challenges we still face. Like Gender Lens Investing (GLI). Financial illiteracy is an issue that affects more than half of South Africans. Past…
Elke Brink, Wealth Adviser at R21 Wealth Management Stellenbosch Technopark.I am changing jobs and am faced with the decision regarding my retirement fund. I have the choice to either transfer it into my name or opt for a cash payout to alleviate some of my existing debt. Due to the uncertain…
TymeBank named SA’s top bank on Forbes listTYMEBANK has been recognised as South Africa’s top bank on the Forbes list of the world’s best banks for 2024.According to Forbes, the annual rankings identify banks ‘’that have managed to maintain consumer trust and meet their clients’ financial needs in…
For as long as people have traded goods across borders, some form of international payment has existed. Initially, this process involved bartering (the exchange of one good for another), then money broking, and analogue currency exchanges. By the late 19th Century, the technology for international…
SOUTH Africa’s general government wage bill – made up of the public sector and state‐owned companies – is one of the highest among emerging markets. The bill has now ballooned to R723,4 billion in the 2024/25 budget year.2. In a report titled “Compensation and employment data national Treasury”,…
The average family size from a medical coverage perspective has declined since 2000.But there was an exception in 2020, according to Alexforbes Healthcare’s Medical Aid Insights publication, which provided a comprehensive view of the performance of the local medical scheme industry.The report said…
If you are concerned about the effect the upcoming elections may have on the rand and the local economy, you may be considering investing offshore or increasing your offshore exposure. Even without the drama that May 29 threatens to bring to our lives, financial advisers will tell you that…
Trustees’ roles and responsibilities are often misunderstood, and so are the risks associated with trusteeship. With the recent changes in trust law in South Africa, it has become more important than ever for trustees to work together and manage their risks as a collective, as one trustee’s non-…
INSTITUTIONAL investors with crypto holdings will boost investments in the year ahead as their short and long-term outlook on the sector turns more favourable.This information is contained in new global research by London-based Nickel Digital Asset Management (Nickel), a regulated digital…
In a recent determination, the Pension Funds Adjudicator, Muvhango Lukhaimane, has severely criticised a pension fund that delayed paying out a death benefit for an astonishing 27 years. The determination also emphasises the duty of funds to actively trace beneficiaries of deceased members.When a…
JUST SA’s weekly jargon buster aims to give simple, plain English explanations for typical words and phrases used in the financial industry, in particular, words relating to guaranteed life annuities and living annuities. This week, we look at the letter: PPrudential AuthorityThe Prudential…
By Duma MxengeYOU have DIY-ed your kitchen counters, spruced up your bedroom and beautified the bathroom. Now, maybe it’s time to turn your DIY talents to something else: your finances. DIY investing means managing your investments yourself. It means taking control, plotting a plan, gathering your…
Farming is a long game that requires patience, perseverance, and strategic planning across all aspects of the operation. While every farmer understands this when it comes to tending crops and raising livestock, the same can’t always be said for managing their finances; and taking a short-sighted…
The use of technology in the property industry has lately become a cutting-edge topic, as the real estate sector has been accused of being slow in adopting tech tools, and most transactions still occur through agents and property brokers. However, as technology has advanced, it has equipped…