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...
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No change to 2024 income tax tables, but watch out for bracket creep
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...
Listen: Exposing hidden costs: the truth behind your insurance excess
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...
Stay away from too-good-to-be-true promises!
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...
Email interception fraud – are you covered?
Email interception fraud takes place when criminals gain unauthorised access (via stolen usernames and passwords) to your private or business email accounts, allowing them to impersonate you or the business. “Email interception fraud allows the...
You may be liable for your spouse’s tax bill
What being married in community of property means for your taxes If you are married in community of property you may be surprised to discover that 50% of your spouse’s tax liability from investment income (such as interest, rental income,...
Listen: Unpacking the national budget: where your taxes really go
Every year, the announcement of the national budget grips the attention of ordinary South Africans and experts alike. But what does it really mean for you and me? In this latest episode of the My Money, My Lifestyle podcast, we cut through the...
A view on the 2024 budget speech
Sanisha Packirisamy, economist at Momentum Investments, picks up on some key focus points from the 2024 budget speech delivered by Finance Minister Enoch Godongwana. Committing to maintaining sustainable public finances proves to be challenging...
Red hearts to red flags: spotting love’s financial warning signs
Farzana Botha, Communications Manager at Sanlam Risk and Savings, and Lee Hancox, Head of Channel and Segment Marketing at Sanlam, present a guide to ‘relationship financial flags’, helping South Africans navigate the complexities of love’s...
Commit to your financial goals
"Present bias" can lead us to procrastination, impulsivity, and poor decision-making when it comes to achieving our financial goals. Making New Year’s resolutions is a popular way to set goals for the upcoming year and make positive changes in your...
Previous Articles
Saving for school fees
For most parents, being able to educate their children is one of their most important financial goals. But when it comes to finding the money for school fees or tertiary education, we wish we had made better plans earlier. We are reminded of this every January when we...
Listen: Tax 101 for freelancers
Navigating tax can be tricky, and this is especially true for freelancers. Whether you're a graphic designer, writer, or any independent contractor, you need to understand your tax obligations – this is crucial for financial success and legal compliance. In this...
Investment outlook for 2024
Michele Santangelo, portfolio manager at Independent Securities reflects on last year's stock market performance, and identifies sectors and themes that will likely dominate in the year ahead. 2023 unfolded amidst geopolitical tensions, economic uncertainty, and...
Surge in fake online shopping sites
Despite the fact that I write extensively on scams, I nearly became a victim in what seems to be an increasing wave of fake online shopping sites. When I shared my story on social media, it became apparent that several well-known brands are being targeted by...
Better money management for 2024
After festive-season overindulgence, many of us need a financial detox in January. Here’s how to attain better money management and revitalise your finances this year. The festive season can strain our finances to breaking point – our December salaries must last for...
Listen: Can we trust the banking system?
In this podcast, I have a frank discussion with David Buckham, founder and CEO of Monocle Solutions, and an expert on the global banking system. We discuss the inherent flaws in the banking system and the reasons behind the erosion of trust across all areas of society...
Tips to help you avoid Janu-worry
Munya Shumba, financial adviser at Discovery Limited, has some great advice for those who find their January turning into Janu-worry. Why is January so often referred to as “Janu-worry”? It’s because in many parts of the world, employees get their salary paid earlier...
The 12-month financial plan
A great way to give your finances a good shake-up this year is to follow this 12-month financial plan so that your finances and admin are all up-to-date by the end of the year. Your 12-month financial plan: Month by month January: Update your budget and plan for...
Why investing in property is not low-risk or passive
Investing in property can be a great investment, but be sure that you understand the risks. I recently ran a survey on social media to understand what asset classes people invest in. The majority of women prefer property over investments such as unit trusts or...
Tax matters for creative freelancers
When someone says influencer, freelance designer, writer, or content creator (collectively referred to as creative freelancers) do you think VAT? Probably not! Well, you're not alone. Ayanda Masina, Assistant Manager, and Kagiso Nonyane, Manager at BDO South Africa,...