Sharon Coppola, Senior Executive Risk and Compliance at Experian South Africa, unpacks the myths and truths behind credit reports and credit scores. As more South Africans seek ways to manage their personal finances during the current economic...
You are Here >
Home >
10X wants to #StopDaylightRobbery
10X Investments kicked off its campaign to #StopDaylightRobbery by causing quite a stir at Nelson Mandela Square, Sandton. Shoppers and lunch-time restaurant goers were greeted by the sight of a life-sized household scene, complete with furniture,...
Are you prepared to pay for advice?
There has been a lot of talk about the Retail Distribution Review (RDR) which aims to provide transparency around financial advice and products, but how do customers really feel about it? At a roundtable discussion on RDR hosted recently by...
Actuaries caution that zero fees may not be feasible in SA context
Actuaries working to find a solution to the problem of education costs in South Africa just don’t see free tertiary education as viable. The Actuarial Society of South Africa has cautioned that while all students should be able to access funding to...
Make sure your details are updated for the unwinding of the MTN Zakhele scheme
An election process, whereby MTN Zakhele ordinary shareholders are able to elect whether they would like to receive cash, MTN Group shares, MTN Zakhele Futhi shares or a combination of these options in exchange for their MTN Zakhele shareholding,...
Should you switch credit cards?
The new maximum interest rates do not apply to existing credit cards In May 2016, amendments to the National Credit Act came into effect which set new maximum interest rates which can be charged on a loan based on the repo rate. In many cases this...
Don’t use your tax-free savings account for emergency savings
Research finds that the tax-free savings account is still misunderstood. If there’s one thing the financial industry is good at, it is complicating things that should be fairly simple. Tax-free savings accounts (TFSAs) were meant to be really...
Why your garnishee order is still valid
A landmark ruling by the Constitutional Court on garnishee orders will not be applied retrospectively. Last month, the Constitutional Court issued its ruling relating to emolument attachment orders (known as garnishee orders) in a case that had...
How to get a fibre connection in your neighbourhood
The recent launch of a new product provider that aims to bring a 5G network to the market has raised hope among those South Africans who make significant use of internet services. We take a look at what the new company will offer and what you need...
Liberty customers to get discount on new listing
If you are a Liberty customer you may want to take advantage of discounted shares in the new Liberty property listing. Towards the end of this year Liberty will be listing its premium property portfolio which includes the iconic Sandton City. The...
Previous Articles
The importance of finding the right financial adviser
You don’t have to have a lot of money to invest in order to work with a financial planner. With changes to the way financial advisers are remunerated, some industry commentators believed that it would negatively affect younger investors who do not have large amounts...
Acquiring a second passport via a residence or a citizenship programme
Worldwide, there is increasing interest in second citizenships, especially among business people and the wealthy, including many South Africans. The desire to hold the passport of another country is driven by various factors: you can select the passport of a country...
Domestically focused sectors offer reasonable value on JSE
By Dave Mohr & Izak Odendaal, Old Mutual Multi-Managers The JSE All Share Index remains trapped within its two-year trading range of between 46 000 and 55 000 points, meaning that dividends and stock picking generated most of the returns for local investors. In US...
Ignore SARS questionnaires at your peril
by Nthati Khumalo, Tax Compliance Trainee at BDO South Africa The High Court recently held that Mr Julian Brown must submit a response to a SARS lifestyle questionnaire or suffer the consequences. SARS may in terms of the Tax Administration Act (the TAA), in...
Is MiBiz too good to be true?
There is a big difference between knowingly investing in a high-risk technology business and being sold misinformation. I recently wrote about a group of companies: AllQuotes, BuyDirect and MiBiz, which fall under a parent company called FinGroup. I wrote about...
The truth about debt review
Debt review is not as simple as handing over your bills to a debt counsellor – you have to keep track of your credit provider statements Three years ago Linda (not her real name) and her husband went under debt review. Like so many young couples, the allure of easy...
Are you man enough to share your income?
Money is a big issue for many couples, so much so that it is the main cause of divorce. Yet finding an equitable way to manage the household finances is a bit like finding the holy grail. The main issues for couples around money are: a discrepancy in the amount each...
Should you use a foreign currency account to save for an overseas holiday?
We recently ran an article on the various options for offshore bank accounts and highlighted foreign currency accounts (FCA) which are effectively on-shore accounts that are linked to your local bank account and have low minimum deposit rates. These could be used, for...
Are blue chips a great investment?
Dr Andrew Dittberner, Chief Investment Officer at Cannon Asset Managers, warns of the danger of confusing “big” with “great”. Conventional wisdom tells us that large, established companies are a safer and better investment option than smaller companies. These “blue...
It’s almost time for Financial Planning Week
The financial services industry prepares to empower consumers through its annual Financial Planning Week initiative. The Financial services industry, led by the Financial Planning Institute (FPI), will once again be embarking on its annual Financial Planning Week...