In this podcast Maya speaks to Deane Moore, CEO of the Just Group about how to use a guaranteed annuity to boost your retirement income, even if you are already in retirement. If you have a retirement annuity or a pension fund, you should know that...
Opening a tax-free savings account (TFSA) is a great way to start investing. If there is one investment all South Africans should aim to have it is a tax-free savings account (TFSA). This is an excellent investment vehicle for growing long-term...
Rumours are circulating about corruption around tax refunds, though it's unclear exactly how this is possible within the current tax administration system. Administrative delays and poor service delivery in any organisation create fertile grounds...
If your debt keeps increasing, then you are spending more than you earn. The first step to financial freedom is to keep track of your spending. Every year, the first task our Money Makeover candidates undertake is to see where their money is going...
Tax practitioners have been raising concerns about tax refund delays, while SARS says it is dealing with the challenges. While 90% of tax returns are processed without further verification by SARS, those taxpayers who are identified for further...
While borrowers are struggling with the ever-increasing interest rates, savers are loving the high interest rates currently on offer. Savers are getting better returns on their bank deposits, and for those people who are prepared to lock their...
The 2023 City Press/Absa Money Makeover Challenge has begun. This is the seventh year where I will work together with a team of Absa financial advisers to coach six contestants on their six-month journey to financial health. In this podcast I chat...
Viral Twitter thread sparks property industry debate Recently, a hypothetical question was posed around what South Africans could afford on a R51 000 net salary. This became a trending topic on Twitter, sparking debates over whether these earnings...
Jacqui Nel of Aon South Africa looks at some of the issues surrounding the implementation of the NHI Bill. On 12 June 2023, Parliament passed the National Health Insurance (NHI) Bill, and many stakeholders in the healthcare industry are concerned...
Follow six ordinary South Africans as they take up the City Press/Absa Money Makeover Challenge and undergo a money makeover boot camp. I will be sharing their stories with you and hopefully inspire you to start your own money journey. Meet the...
With interest rates at their highest levels in 14 years, many would-be homeowners are finding it difficult to meet the affordability requirements for a home loan. According to the latest statistics from ooba Home Loans, while the country’s average purchase price for a...
Opening an investment account for your child is one of the easiest ways to give them a head start in life. There are many low-cost digital investment platforms available with low minimum investment amounts, so you can contribute as little as R50 per month. A few...
Welcome to the final podcast of the Emotions and Money series, where Maya and Paul Nixon, head of Behavioural Finance at Momentum, delve into the concept of the Money Fingerprint. During the COVID-19 period, South African investors destroyed over R650 million in value...
Over the last few years, National Treasury has been working on introducing the so-called two-pot system for retirement funds. Recent updates to the draft legislation are open for public comment and have provided further clarity on how the system will work and what it...
Higher interest rates are putting South Africans under significant financial pressure, and many are looking for an income boost. Luke Martins, Financial Planning Coach at Old Mutual Wealth looks at investing as a side hustle. It feels as if the Covid-19 pandemic...
When it comes to my investments and life insurance, I often do thought experiments. I ask myself the question: “What would happen if…”. Asking these questions is important to help you understand whether you have a financial plan that meets your needs. For example,...
Getting an early start is crucial if you want to achieve a comfortable retirement. Adriaan Pask, Chief Investment Officer at PSG Wealth shares nine rules of thumb for young investors who want to secure a strong financial future. Rule 1: Plan to reach your 100th...
Perceived Risk vs Actual Risk In this podcast, Maya and Paul Nixon, head of Behavioral Finance at Momentum, delve into the subject of perceived risk as it relates to investing, looking at issues such as how much risk you can truly afford to take in order to achieve...
Are you confused about what your insurance covers when it comes to appliance damage due to loadshedding? Is loadshedding insurance part of your policy? In this article we debunk misconceptions and shed light on vital policy details to help you navigate the intricacies...
While a new bill will give a life partner the same legal rights as a spouse, the precise definition of a life partnership still remains uncertain. Later this year the Judicial Matters Amendment Bill will come into law. The Bill will give partners in a life partnership...