Why interest rates are rising

The normalisation of interest rates is set to be a major theme for global financial markets in 2022, says Carmen Nel, economist and macro strategist at Matrix Fund Managers. Normalisation of interest rates means different things in different economies. In the...

The ‘silent’ changes affecting South Africans who are emigrating

The transition from the old emigration regime to the current regime ‒ ceasing of tax residency ‒ came with some relief. However, there were some changes that went largely unnoticed. By Lovemore Ndlovu, SARS and Exchange Control Specialist at Tax Consulting SA, and...

Listen: Investing in farming

“It is not only a crowdfunding platform, but a crowd value creation platform ‒ an ecosystem of partners rather than a conglomerate owning everything.” Farming is becoming an increasingly popular asset class. Crowdfunding for farming ticks many boxes as a “good”...

Vote for your GEPF trustees

The Government Employees Pension Fund (GEPF) will be holding its elections for new trustees from January to May 2022. GEPF elections are held every four years and are an opportunity for pensioners and members of the South African National Defence Force (SANDF) and...

Why interest rates are rising

The normalisation of interest rates is set to be a major theme for global financial markets in 2022, says Carmen Nel, economist and macro strategist at Matrix Fund Managers. Normalisation of interest rates means different things in different economies. In the...

The ‘silent’ changes affecting South Africans who are emigrating

The transition from the old emigration regime to the current regime ‒ ceasing of tax residency ‒ came with some relief. However, there were some changes that went largely unnoticed. By Lovemore Ndlovu, SARS and Exchange Control Specialist at Tax Consulting SA, and...

Listen: Investing in farming

“It is not only a crowdfunding platform, but a crowd value creation platform ‒ an ecosystem of partners rather than a conglomerate owning everything.” Farming is becoming an increasingly popular asset class. Crowdfunding for farming ticks many boxes as a “good”...

Vote for your GEPF trustees

The Government Employees Pension Fund (GEPF) will be holding its elections for new trustees from January to May 2022. GEPF elections are held every four years and are an opportunity for pensioners and members of the South African National Defence Force (SANDF) and...
Listen: Investing in farming

Listen: Investing in farming

“It is not only a crowdfunding platform, but a crowd value creation platform ‒ an ecosystem of...

Vote for your GEPF trustees

Vote for your GEPF trustees

The Government Employees Pension Fund (GEPF) will be holding its elections for new trustees from...

Manage Your Money

This site is a collection of articles written by finance journalist Maya Fisher-French as well as other contributors. The aim of Maya on Money is to help you with those day-to-day money decisions related to South African finance matters. Articles cover all those areas that you need in order to manage your money effectively such as budgeting, saving, investing, banking and insurance. Feel free to engage with us on social media.

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Manage your Money!

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Manage your Money!

My Money

Why interest rates are rising

Why interest rates are rising

The normalisation of interest rates is set to be a major theme for global financial markets in 2022, says Carmen Nel, economist and macro strategist at Matrix Fund Managers. Normalisation of interest rates means different things in different economies. In the...

Five ways to boost your income and financial knowledge

Five ways to boost your income and financial knowledge

Angelique Ruzicka shares five ideas for how you can improve your financial knowledge and possibly boost your income. Boosting your income, especially during a pandemic, can feel nigh on impossible, especially when costs are going up and you’ve been told there’s no...

Financial tools to keep you on track in 2022

Financial tools to keep you on track in 2022

Advances in technology mean that it’s now so easy to keep track of your finances and achieve savings goals, using smartphone apps, websites, and other online financial tools, says Angelique Ruzicka. If you’re still using Excel or some other rudimentary means to keep...

What will the rand do in 2022?

What will the rand do in 2022?

Ryan Booysen, MD at DG Capital Forex, stares into his crystal ball to predict where the rand will go in 2022. The rand ended 2021 on the back foot, after the Omicron announcement and subsequent global kneejerk reaction of isolation and red-listing the country. And...

My Debt

SARS gets serious over non-compliance

SARS gets serious over non-compliance

Jashwin Baijoo, Legal Manager, Africa Tax and Compliance at Tax Consulting SA, warns all non-compliant taxpayers that SARS could be coming for them sooner rather than later. In media statements in recent months, the South African Revenue Service (SARS) has made clear...

Should I use my retirement lump sum to settle my debt?

Should I use my retirement lump sum to settle my debt?

A question that I often receive is whether it's a good idea to use one's lump sum on retirement to pay off short-term debts, such as car debt or one's credit card. For example, Ntombise recently wrote to me: “I have just retired from work and expect a lump sum...

The 2022 survival budget

The 2022 survival budget

As if the last two years were not tough enough, there is no silver lining awaiting us in 2022. In 2021 we absorbed further fuel-price increases, a 15% hike in electricity costs, and an interest-rate increase of 25 basis points – and this is only the start. It is...

Pay off my bond or invest?

Pay off my bond or invest?

Stephen Katzenellenbogen and Brendon Wright of NFB Private Wealth Management address a common dilemma faced by many: should I put all of my spare cash into my bond, or invest it instead? Many people are working towards the goal of being free of all debt, including...

My Investments

Listen: Investing in farming

Listen: Investing in farming

“It is not only a crowdfunding platform, but a crowd value creation platform ‒ an ecosystem of partners rather than a conglomerate owning everything.” Farming is becoming an increasingly popular asset class. Crowdfunding for farming ticks many boxes as a “good”...

What will the rand do in 2022?

What will the rand do in 2022?

Ryan Booysen, MD at DG Capital Forex, stares into his crystal ball to predict where the rand will go in 2022. The rand ended 2021 on the back foot, after the Omicron announcement and subsequent global kneejerk reaction of isolation and red-listing the country. And...

Reflecting on the year that was

Reflecting on the year that was

Victoria Reuvers, Managing Director at Morningstar Investment Management South Africa, looks at how financial markets performed in 2021. As a runner, the change in seasons gives me time to reflect. Autumn is my favourite season, and always reminds me that change is...

How ‘bad timing’ affects retirees’ income

How ‘bad timing’ affects retirees’ income

Retirees need to work with their financial advisers to carefully determine the structure, size, and affordability of their future pension withdrawals, particularly in a volatile market environment, says Jean-Pierre Matthews, product head at Matrix Fund Managers. When...

My Property

Pay off my bond or invest?

Pay off my bond or invest?

Stephen Katzenellenbogen and Brendon Wright of NFB Private Wealth Management address a common dilemma faced by many: should I put all of my spare cash into my bond, or invest it instead? Many people are working towards the goal of being free of all debt, including...

Who will inherit your property?

Who will inherit your property?

When a person dies intestate (which means without a will), it can become a legal and financial nightmare. If you have property, it’s important to have a will in place which takes the law into account (such as the type of marriage contract you have), and clearly...

Video: Home loan tips

Video: Home loan tips

Buying a home is a major financial commitment. While the rate of interest on a home loan is lower than for other forms of credit, the length of time it takes to pay off the loan means you end up paying a hefty interest bill. By reducing your interest rate, you can...

How to save on home loan insurance

How to save on home loan insurance

When applying for a home loan, the bank will insist that you take out home loan insurance to cover the repayments in the event of death, disability, or retrenchment. Evelyn Doubell, Private Wealth Manager at NFB Wealth Management finds that it’s usually cheaper to...

My Car

What to do if you cannot afford your car payments

What to do if you cannot afford your car payments

As lockdown drags on and job cuts continue, more and more people are facing financial difficulty when it comes to paying off debt. Many people have asked for advice about what they should do if they cannot afford their car payments. The bottom line is that you must...

Listen: Investing in farming

Listen: Advance payments on your car finance

We did this podcast a year ago, about paying off your vehicle and home loan sooner – but I thought it was worth sharing again, as Absa has now released updates on its banking app for car finance. Absa car finance customers can use the app to pay in additional funds to...

Struggling with car debt? Take action now!

Struggling with car debt? Take action now!

According to the Experian Consumer Default Index, repayment of car debt has shown a marked deterioration as the extended Covid-19 lockdown puts South Africans under more financial pressure. Marc Friedman, CEO of car sale platform Weelee.co.za says that to avoid a...

Competition will cut car ownership costs

Competition will cut car ownership costs

Freedom to have your car repaired by a non-dealer will increase competition and reduce the cost of repairing and insuring your car. A couple of years ago when I was buying a second-hand car that didn’t have a service plan, I discovered what a rip-off my dealership had...

My Insurance

Using critical illness insurance to supplement medical cover

Using critical illness insurance to supplement medical cover

Many financial advisers are using life products to supplement medical costs. While current legislation does not allow for cover like critical illness insurance to be marketed as a product to cover medical costs, for most policyholders, that is exactly what it is used...

Options if medical schemes are unaffordable

Options if medical schemes are unaffordable

Medical schemes remain unaffordable for many working South Africans. According to Gary Allen, chief executive at Sanlam Health, an individual should not be spending more than 10% of their income on health cover. Considering that a basic hospital plan can set you back...

Tips for filing a successful insurance claim

Tips for filing a successful insurance claim

Filing an insurance claim can feel like a complicated and confusing undertaking. Karabo Kopeka, Head of Claims at MiWay Insurance, provides tips on how to avoid some common pitfalls. Claiming from your insurance can often be a challenging task, especially following a...

Funeral policy fraud on the increase

Funeral policy fraud on the increase

When fraudsters access your personal information, they can use this information to take out a funeral policy in your name, and then claim benefits on the policy using a fake death certificate and other supporting documentation. “Finding out you are the victim of a...

My Retirement

Immediate access to retirement funds unlikely

Immediate access to retirement funds unlikely

Retirement reform paper calls for comment but no move on immediate access. Retirement fund members hoping to access their retirement funds for urgent financial relief will be disappointed by the retirement reform paper issued by National Treasury last month. In the...

How ‘bad timing’ affects retirees’ income

How ‘bad timing’ affects retirees’ income

Retirees need to work with their financial advisers to carefully determine the structure, size, and affordability of their future pension withdrawals, particularly in a volatile market environment, says Jean-Pierre Matthews, product head at Matrix Fund Managers. When...

Video: Plan for retirement

Video: Plan for retirement

Retirement is something we can plan for ‒ and the better our planning, the more we get to enjoy our retirement years. In this video, I am joined by Guy Chennells, Head of Product at Discovery Employee Benefits, who will give us some tips around what you need to be...

Retirement diversification in action

Retirement diversification in action

Rocco Carr, Business Development Manager at Glacier by Sanlam, explains how we should be thinking about different layers when it comes to retirement diversification. What does diversification mean? The dictionary meaning of diversification comes down to the process of...

My Estate

How to provide for your financial dependants

How to provide for your financial dependants

Providing for your family if something happens to you is a priority for every parent. There are several things a member of the Government Employees Pension Fund (GEPF) needs to do to make sure their financial dependants are taken care of. Update your nomination forms...

Is a living will legally valid and enforceable?

Is a living will legally valid and enforceable?

Juan Buys, Fiduciary Specialist at PPS Fiduciary Services, explains that a living will may not always be enforceable. Sometimes family members face a difficult situation when a decision has to be made about a loved one in circumstances in which they are not able to...

Beware the pitfalls of bequeathing property

Beware the pitfalls of bequeathing property

When bequeathing property, make sure you have done your estate planning properly. For most middle-class families, the primary residence is the most valuable asset in their estate, as retirement funds fall outside of one’s estate. It is not uncommon for parents to...

Who will inherit your property?

Who will inherit your property?

When a person dies intestate (which means without a will), it can become a legal and financial nightmare. If you have property, it’s important to have a will in place which takes the law into account (such as the type of marriage contract you have), and clearly...

MY MONEY

Read up to date articles on Finance, Budgeting and more...

Managing your day-to-day money flows – it all begins here. This section provides tips and actions you need in order to tell your money where to go.

VISIT MY MONEY PAGE
Why interest rates are rising

Why interest rates are rising

The normalisation of interest rates is set to be a major theme for global financial markets in 2022, says Carmen Nel, economist and macro strategist at Matrix Fund Managers. Normalisation of interest rates means different things in different...

Five ways to boost your income and financial knowledge

Five ways to boost your income and financial knowledge

Angelique Ruzicka shares five ideas for how you can improve your financial knowledge and possibly boost your income. Boosting your income, especially during a pandemic, can feel nigh on impossible, especially when costs are going up and you’ve been...

Financial tools to keep you on track in 2022

Financial tools to keep you on track in 2022

Advances in technology mean that it’s now so easy to keep track of your finances and achieve savings goals, using smartphone apps, websites, and other online financial tools, says Angelique Ruzicka. If you’re still using Excel or some other...

Why interest rates are rising

Why interest rates are rising

The normalisation of interest rates is set to be a major theme for global financial markets in 2022, says Carmen Nel, economist and macro strategist at Matrix Fund Managers. Normalisation of interest rates means different things in different...

Five ways to boost your income and financial knowledge

Five ways to boost your income and financial knowledge

Angelique Ruzicka shares five ideas for how you can improve your financial knowledge and possibly boost your income. Boosting your income, especially during a pandemic, can feel nigh on impossible, especially when costs are going up and you’ve been...

MY DEBT

Credit agreements, Debt Review & more...
Credit is a fact of life, but how you manage that credit will determine your financial health. This section covers everything from managing credit, reducing your debt to what to do if your debt is becoming unmanageable.
VISIT MY DEBT PAGE
SARS gets serious over non-compliance

SARS gets serious over non-compliance

Jashwin Baijoo, Legal Manager, Africa Tax and Compliance at Tax Consulting SA, warns all non-compliant taxpayers that SARS could be coming for them sooner rather than later. In media statements in recent months, the South African Revenue Service...

Should I use my retirement lump sum to settle my debt?

Should I use my retirement lump sum to settle my debt?

A question that I often receive is whether it's a good idea to use one's lump sum on retirement to pay off short-term debts, such as car debt or one's credit card. For example, Ntombise recently wrote to me: “I have just retired from work and...

The 2022 survival budget

The 2022 survival budget

As if the last two years were not tough enough, there is no silver lining awaiting us in 2022. In 2021 we absorbed further fuel-price increases, a 15% hike in electricity costs, and an interest-rate increase of 25 basis points – and this is only...

SARS gets serious over non-compliance

SARS gets serious over non-compliance

Jashwin Baijoo, Legal Manager, Africa Tax and Compliance at Tax Consulting SA, warns all non-compliant taxpayers that SARS could be coming for them sooner rather than later. In media statements in recent months, the South African Revenue Service...

Should I use my retirement lump sum to settle my debt?

Should I use my retirement lump sum to settle my debt?

A question that I often receive is whether it's a good idea to use one's lump sum on retirement to pay off short-term debts, such as car debt or one's credit card. For example, Ntombise recently wrote to me: “I have just retired from work and...

MY INVESTMENTS

Saving, Investing, Investment Products & more...
Whether you are saving for a goal or investing for the long-term, this section covers topics related to saving and growing your money.
VISIT MY INVESTMENTS PAGE



Listen: Investing in farming

Listen: Investing in farming

“It is not only a crowdfunding platform, but a crowd value creation platform ‒ an ecosystem of partners rather than a conglomerate owning everything.” Farming is becoming an increasingly popular asset class. Crowdfunding for farming ticks many...

What will the rand do in 2022?

What will the rand do in 2022?

Ryan Booysen, MD at DG Capital Forex, stares into his crystal ball to predict where the rand will go in 2022. The rand ended 2021 on the back foot, after the Omicron announcement and subsequent global kneejerk reaction of isolation and red-listing...

Listen: Investing in farming

Listen: Investing in farming

“It is not only a crowdfunding platform, but a crowd value creation platform ‒ an ecosystem of partners rather than a conglomerate owning everything.” Farming is becoming an increasingly popular asset class. Crowdfunding for farming ticks many...

What will the rand do in 2022?

What will the rand do in 2022?

Ryan Booysen, MD at DG Capital Forex, stares into his crystal ball to predict where the rand will go in 2022. The rand ended 2021 on the back foot, after the Omicron announcement and subsequent global kneejerk reaction of isolation and red-listing...

MY PROPERTY

Household, Bonds, Mortgages & more...
Whether it is your home or you are investing in property, this section provides articles on financing, purchasing and insuring property.
VISIT MY PROPERTY PAGE
Pay off my bond or invest?

Pay off my bond or invest?

Stephen Katzenellenbogen and Brendon Wright of NFB Private Wealth Management address a common dilemma faced by many: should I put all of my spare cash into my bond, or invest it instead? Many people are working towards the goal of being free of all...

Who will inherit your property?

Who will inherit your property?

When a person dies intestate (which means without a will), it can become a legal and financial nightmare. If you have property, it’s important to have a will in place which takes the law into account (such as the type of marriage contract you...

Video: Home loan tips

Video: Home loan tips

Buying a home is a major financial commitment. While the rate of interest on a home loan is lower than for other forms of credit, the length of time it takes to pay off the loan means you end up paying a hefty interest bill. By reducing your...

Pay off my bond or invest?

Pay off my bond or invest?

Stephen Katzenellenbogen and Brendon Wright of NFB Private Wealth Management address a common dilemma faced by many: should I put all of my spare cash into my bond, or invest it instead? Many people are working towards the goal of being free of all...

Who will inherit your property?

Who will inherit your property?

When a person dies intestate (which means without a will), it can become a legal and financial nightmare. If you have property, it’s important to have a will in place which takes the law into account (such as the type of marriage contract you...

MY CAR

Finance, Insurance, Purchasing & more...
Buying a car can make or break you financially. In this section you will read all you need to know about buying, financing and insuring your car.
VISIT MY CAR PAGE
What to do if you cannot afford your car payments

What to do if you cannot afford your car payments

As lockdown drags on and job cuts continue, more and more people are facing financial difficulty when it comes to paying off debt. Many people have asked for advice about what they should do if they cannot afford their car payments. The bottom line...

Listen: Advance payments on your car finance

Listen: Advance payments on your car finance

We did this podcast a year ago, about paying off your vehicle and home loan sooner – but I thought it was worth sharing again, as Absa has now released updates on its banking app for car finance. Absa car finance customers can use the app to pay in...

Using critical illness insurance to supplement medical cover

Using critical illness insurance to supplement medical cover

Many financial advisers are using life products to supplement medical costs. While current legislation does not allow for cover like critical illness insurance to be marketed as a product to cover medical costs, for most policyholders, that is...

Options if medical schemes are unaffordable

Options if medical schemes are unaffordable

Medical schemes remain unaffordable for many working South Africans. According to Gary Allen, chief executive at Sanlam Health, an individual should not be spending more than 10% of their income on health cover. Considering that a basic hospital...

MY INSURANCE

Life, Short-Term & more...
Protecting your assets is an important part of any financial plan. This section covers all aspects of insurance from short-term insurance for your house and car to life insurance where you provide for your dependents and insure your own income.
VISIT MY INSURANCE PAGE
Using critical illness insurance to supplement medical cover

Using critical illness insurance to supplement medical cover

Many financial advisers are using life products to supplement medical costs. While current legislation does not allow for cover like critical illness insurance to be marketed as a product to cover medical costs, for most policyholders, that is...

Options if medical schemes are unaffordable

Options if medical schemes are unaffordable

Medical schemes remain unaffordable for many working South Africans. According to Gary Allen, chief executive at Sanlam Health, an individual should not be spending more than 10% of their income on health cover. Considering that a basic hospital...

Tips for filing a successful insurance claim

Tips for filing a successful insurance claim

Filing an insurance claim can feel like a complicated and confusing undertaking. Karabo Kopeka, Head of Claims at MiWay Insurance, provides tips on how to avoid some common pitfalls. Claiming from your insurance can often be a challenging task,...

Using critical illness insurance to supplement medical cover

Using critical illness insurance to supplement medical cover

Many financial advisers are using life products to supplement medical costs. While current legislation does not allow for cover like critical illness insurance to be marketed as a product to cover medical costs, for most policyholders, that is...

Options if medical schemes are unaffordable

Options if medical schemes are unaffordable

Medical schemes remain unaffordable for many working South Africans. According to Gary Allen, chief executive at Sanlam Health, an individual should not be spending more than 10% of their income on health cover. Considering that a basic hospital...

MY RETIREMENT

Pre and Post Retirement & more...
Retirement funds are our biggest asset after our home. This section includes articles on how to save for retirement and how to manage your money at, and during, retirement.
VISIT MY RETIRMENT PAGE
Immediate access to retirement funds unlikely

Immediate access to retirement funds unlikely

Retirement reform paper calls for comment but no move on immediate access. Retirement fund members hoping to access their retirement funds for urgent financial relief will be disappointed by the retirement reform paper issued by National Treasury...

How ‘bad timing’ affects retirees’ income

How ‘bad timing’ affects retirees’ income

Retirees need to work with their financial advisers to carefully determine the structure, size, and affordability of their future pension withdrawals, particularly in a volatile market environment, says Jean-Pierre Matthews, product head at Matrix...

Video: Plan for retirement

Video: Plan for retirement

Retirement is something we can plan for ‒ and the better our planning, the more we get to enjoy our retirement years. In this video, I am joined by Guy Chennells, Head of Product at Discovery Employee Benefits, who will give us some tips around...

Immediate access to retirement funds unlikely

Immediate access to retirement funds unlikely

Retirement reform paper calls for comment but no move on immediate access. Retirement fund members hoping to access their retirement funds for urgent financial relief will be disappointed by the retirement reform paper issued by National Treasury...

How ‘bad timing’ affects retirees’ income

How ‘bad timing’ affects retirees’ income

Retirees need to work with their financial advisers to carefully determine the structure, size, and affordability of their future pension withdrawals, particularly in a volatile market environment, says Jean-Pierre Matthews, product head at Matrix...

MY ESTATE

Wills, Marriage Contracts, Life Cover & More...
From what to include in your will to how your marriage contract affects your debts and your estate, this section covers the legal aspect of your estate so that you can plan effectively for life’s major events.
VISIT MY ESTATE PAGE
How to provide for your financial dependants

How to provide for your financial dependants

Providing for your family if something happens to you is a priority for every parent. There are several things a member of the Government Employees Pension Fund (GEPF) needs to do to make sure their financial dependants are taken care of. Update...

Is a living will legally valid and enforceable?

Is a living will legally valid and enforceable?

Juan Buys, Fiduciary Specialist at PPS Fiduciary Services, explains that a living will may not always be enforceable. Sometimes family members face a difficult situation when a decision has to be made about a loved one in circumstances in which...

Beware the pitfalls of bequeathing property

Beware the pitfalls of bequeathing property

When bequeathing property, make sure you have done your estate planning properly. For most middle-class families, the primary residence is the most valuable asset in their estate, as retirement funds fall outside of one’s estate. It is not uncommon...

How to provide for your financial dependants

How to provide for your financial dependants

Providing for your family if something happens to you is a priority for every parent. There are several things a member of the Government Employees Pension Fund (GEPF) needs to do to make sure their financial dependants are taken care of. Update...

Is a living will legally valid and enforceable?

Is a living will legally valid and enforceable?

Juan Buys, Fiduciary Specialist at PPS Fiduciary Services, explains that a living will may not always be enforceable. Sometimes family members face a difficult situation when a decision has to be made about a loved one in circumstances in which...

Video: Get financially fit for your next holiday

Video: Get financially fit for your next holiday

After living in lockdown for over 18 months, many of us just want to go on holiday. Like any major expense, if you plan for it, it doesn’t have to break the bank. Many tourist destinations and establishments are offering great specials, making it more affordable for...

Video: Plan for retirement

Video: Plan for retirement

Retirement is something we can plan for ‒ and the better our planning, the more we get to enjoy our retirement years. In this video, I am joined by Guy Chennells, Head of Product at Discovery Employee Benefits, who will give us some tips around what you need to be...

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