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...
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....
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...
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?...
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...
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...
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...
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...
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....
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...
Congratulations! You've tossed your graduation cap, landed your first job, and are ready to dive into the real world. But with the excitement of your first paycheque comes the daunting realisation of adult responsibilities: rent, groceries, car payments – and let’s...
When last did you read your short-term insurance contract? This year I was surprised to discover that the excess on both my car and building insurance had increased. While the premiums had not gone up significantly, the portion I would have to pay when making a claim...
A pension-backed home loan is an alternative form of housing finance where a person uses their pension savings as security for a home loan. When you apply for a home loan, the bank will consider the property as security for the loan but will also look at your risk...
Many of the articles on this website focus on helping people to get out of debt, but credit is not necessarily a bad thing if you understand how to borrow responsibly. In personal finance, we often talk of “good” debt versus “bad” debt. Typically, we consider an...
In this episode of the My Money, My lifestyle podcast, Maya is joined by Queen Malobane, Provincial General Manager at Metropolitan, as they delve into the complex intersection of money and relationships. The romantic notion that love conquers all is challenged by the...
Wendy Myers, Head of Securities at PSG Wealth, looks at some myths that are prevalent among South Africans when it comes to the idea of investing in the stock market. When it comes to the world of investing, many people have no idea where to start, how to invest, and...
While there is certainly good financial education content to be found on social media, there are also numerous scams and unethical practices, and TikTok is no exception. In fact, the massive increase in TikTok’s popularity has seen a massive increase in financial...
Beatrie Gouws, Tax Director at BDO, and David Warneke, Assoc. Prof. and Tax Partner at BDO, share their insight into the implications of the 2024 budget for taxpayers across all economic tiers. South Africans breathed a collective sigh of relief as the 2024 budget...
Have you ever taken a close look at your short-term insurance policy? Do you know exactly what your insurance excess is? Not too many people do, but if you study your policy wording, it can be quite the eye-opener. In the latest episode of the My Money, My Lifestyle...
MMM Krypto and Tumi Links are two of the latest scams doing the rounds online. Every week I receive an update from the Financial Sector Conduct Authority (FSCA) warning about scams. Unfortunately, when people are caught out, there is nothing our regulators can do as...