Over the past few years, investing in the stock market has become more and more accessible for novice investors. In this podcast, I speak to Moroko Modiba, managing director of Fatima Capital and author of The Wise Investor: The Beginner's Guide to...
Statistics from the Consumer Goods and Services Ombud (CGSO) annual report highlight the extent to which consumers are being defrauded by rogue online operators. The Covid lockdown saw an increase in the adoption of e-commerce, and many fraudsters...
Many people are tempted to take out a cellphone contract in order to get the latest device without shelling out a huge sum of money upfront. These contracts make the phone seem more affordable, but in reality, they cost you significantly more over...
Ernest North, co-founder of fully digital platform Naked Insurance, takes us through the steps to follow if you've caused a minor car accident. Few of us will get through a lifetime of driving without causing a minor car accident or two - whether...
In this podcast Maya speaks to wills and estate specialist Alex Simeonides, CEO of Capital Legacy, about the things to keep in mind when it comes to drawing up a will. Alex answers the following questions: Why are we so afraid to sign a will? How...
Jashwin Baijoo of Tax Consulting SA considers the pros and cons of a wealth tax as a tool to address the huge wealth gap in South Africa. The idea of a wealth tax has been bouncing around in South Africa for a long time, and it became a topic of...
Most people have some form of insurance or death benefits. This could be a policy taken out for a specific reason, or simply because they are employed or a member of a retirement fund. How these death benefits are paid and to whom, all depends on...
In this fourth and final podcast of our four-part series “Life behind the numbers”, in partnership with Discovery Life, we look at the longer-term impact of Covid-19 and provide some advice as to how to adjust your lifestyle to manage the risks of...
In her book Smart Woman, author Sylvia Walker writes about creating your "designer life." She explains that instead of being driven by consumerism, trying to look rich, we can make smart choices and start growing our wealth. For many people...
There's been a concerning increase recently in the number of scamsters targeting South African consumers. This includes scamsters pretending to be representatives of your bank or your cellphone provider. There are SMS and email scams claiming your...
In this third podcast of our four-part series “Life behind the numbers”, in partnership with Discovery Life, we look at the importance of protecting ourselves against the risk of cancer. Cancer can affect anyone, at any age. The number of insurance claims due to...
In this podcast Maya (@mayaonmoney) talks to Michael Kruger, Senior Investment Analyst at Morningstar, to unpack the strange emotional relationship we as South Africans seem to have with the value of the rand. Kruger points out that when the rand is strong,...
Why do we focus on financial planning for women? Isn't money gender neutral? After all, investing in a unit trust or opening a bank account is the same, whether you're male or female. So what's all the fuss about? Apart from issues like wage gaps and single...
In this second podcast of our four-part series "Life behind the numbers", in partnership with Discovery Life, we look at how you can use life cover not only to provide for the unexpected, but also to save towards your child’s education. I have two sons, with the...
In times of economic stress, we always see an increase in scams. Sadly, scammers are most likely to target financially vulnerable people. There are the loan scams, where the scammers promise loans to blacklisted consumers at low interest rates. There are those...
The process to cease tax residency requires that you submit extensive documentation to prove your claim that you are no longer a resident of South Africa. An ITR-12 checkbox, indicating that a taxpayer has ceased tax residency in South Africa, is greyed out this tax...
In this first podcast of our four-part series “Life behind the numbers”, in partnership with Discovery Life, we look at the data to understand how our lifestyle choices influence the outcomes of disease and mortality risk. What can we all do today to have a positive...
On 29 July, National Treasury released its draft legislation on the so-called two-pot retirement system. It highlighted that “the proposal does not include allowing immediate access to retirement funds, but rather moves to a system that can more adequately cater for...
Have you ever wondered why the rich keep getting richer? It has a lot to do with compounding. This is where your money makes more money when you are doing nothing. For example, you have R100 000 in a unit trust fund which is invested in the stock market. That year the...
Reward programmes are becoming an integral part of our day-to-day financial management. It is no longer simply about getting a discount on your next purchase; these programmes have evolved so that you can now earn really meaningful rewards, which many South Africans...