Carl Coetzee, Joint MD of Capital Legacy, has some valuable advice and tips for homeowners when it comes to estate planning. If you own a home of your own, have you thought about what will happen to it one day when you pass away? With as many as...
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Tax debt? Take action now!
SARS is upping its debt-collection game, so if you’ve got tax debt, now is the time to do something about it. If you are in debt with SARS or have received a notice of final demand, there’s no need for panic, says Thomas Lobban, Tax Legal...
Deposit insurance offers protection for retail investors
The South African Reserve Bank has launched the Corporation for Deposit Insurance (CODI) which manages the country’s new Deposit Insurance Fund (DIF). This is a dedicated insurance fund that provides protection for bank deposits of up to R100 000...
Listen: How to bounce back from divorce
In this episode of the My Money My Lifestyle podcast, host Maya Fisher-French delves into the financial complexities of divorce with financial planner Kirsten Smit of Citadel Investments. They explore the alarming rise in divorces, particularly in...
Duped by a call centre and ending up trapped in debt review
Most of us have received spam calls promising to solve our debt problems and to reduce the interest rates on our loans. In some cases, the caller pretends to be representing the National Credit Regulator (NCR) or claims to be from some government...
SA Inc offering excellent value
John Biccard, Portfolio Manager of the Ninety One Value Fund, argues that “SA Inc” shares offer great value at the moment, but that conviction and courage are required to tune out all of the negative noise. A value investor sees the future for what...
Two-pot system: considerations for over-55s
With 100 days to go until implementation of the “two-pot system” for retirement, Keith Peter, Advice Manager at Old Mutual Personal Finance, says that the best approach is to maintain your current strategy and avoid prematurely accessing the...
Impact of the two-pot system on your preservation fund
The current draft bill does allow a savings pot component for preservation fund members. There are several steps that still need to be taken to bring the so-called “two-pot retirement system” into law. Although the National Council of Provinces...
Listen: The eight principles of investing
In this episode of the My Money, My Lifestyle podcast, I am joined by investment expert Debra Slabber from Morningstar South Africa, to discuss the fundamental principles of investing. Discover why simplicity is your ally, how your savings rate...
SA elections and property: buy now, sell later
This year, almost half of the world's inhabitants will head to the polls to elect their new governments, including eight of the world’s 10 most populous countries. “In South Africa, we can expect our own election to put the property market into a...
Previous Articles
Is your mental health harming your finances?
The prevalence of mental health disorders in South Africa is among the highest in the world. This understandably affects the way we manage our money. South Africans have a unique set of circumstances that makes many of us particularly vulnerable to mental health...
How the interest rate affects the property market
The prevailing interest rate is one of many factors that influence the decisions being made by home buyers and sellers. With interest rates currently high, prospective buyers and sellers must carefully evaluate the implications of their decisions. Last year was...
Listen: Are we spending too much on our families?
In this episode of the My Money, My Lifestyle podcast, I am joined by financial adviser Munya Shumba to address a critical yet often-neglected aspect of financial planning: prioritising your own financial future rather than solely focusing on your family's needs. We...
How to avoid having your car repossessed
Although interest rates have stabilised, a weak economy and high levels of debt mean South Africans remain financially vulnerable. If you’re struggling with car repayments and are at risk of having your car repossessed, what steps can you take? When you drive your...
How to navigate the money choices we must make
How do we live today without being careless about tomorrow, asks Pieter Albertyn, Head of Product Solutions at Momentum Investo. In his State of the Nation Address, President Cyril Ramaphosa used the example of a child called Tintswalo to illustrate how far our...
How your employer can offer financial assistance in tough times
Many South Africans are experiencing severe financial challenges, and some turn to unregistered lenders for quick cash solutions. However, if you’re employed, your company might be able to provide some financial assistance. We all know that South Africans are...
Business Insurance: Where many are getting it wrong
Many businesses make common mistakes when it comes to taking out and then managing their business insurance policies. In the dynamic world of business, unexpected events can strike at any moment, threatening the stability of even the most well-established enterprises....
Complaining made easier
The creation of the National Financial Ombud Scheme will make it much easier for consumers of various financial products to find redress. The financial industry has mechanisms for dispute resolution that consumers are often not aware of. These are the financial sector...
Life cover fraud on the rise
Life cover fraud has been in the spotlight following the harrowing case of former policewoman Rosemary Ndlovu, who was sentenced to life in prison for orchestrating the murders of six family members between 2012 and 2018 to reap insurance payouts. While not all...
Understand how volatility affects your portfolio
Wendy Myers, Head of Securities at PSG Wealth, has some sound advice if you are concerned about stock market volatility and how it could affect your portfolio. Amid escalating volatility in global equity markets due to numerous factors, an understanding of the concept...