A North Gauteng high court ruling recently found that vehicle financing houses are not required to repay customers for “on-the-road” fees. This related to a finding in 2017 by the National Credit Regulator which determined that the “on-the-road”...
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The Money Makeover Challenge is looking for you!
The City Press Money Makeover Challenge is once again open for applications. There are only six places available so only the most committed applicants will be considered. If your debt keeps you awake at night and your money is running out long...
Do you have money regrets?
Young people just starting out on their financial journey can learn a lot from the money regrets of older people. Research commissioned by Sanlam that interviewed more than 5 000 South Africans, found that more than half would advise their young...
Time to analyse your banking fees
If you feel your banking fees are too high, you may need to review your banking behaviour. The recent Solidarity Bank Charge Report rates FNB as one of the best value-for-money banks, with the average middle-class customer able to bank for less...
Can you use a pension-backed home loan to help take you off the grid?
A pension-backed home loan could be a possible solution if you're looking for a way to finance alternative energy sources for your home. Consumers are in a tight financial squeeze, with an increase in fuel prices in February, coupled with an...
Property scams to watch out for
Jackie Smith, Head of Buyers Trust, warns that prospective tenants and home-buyers are becoming the targets of increasingly sophisticated property scams. Over the past two decades, internet sites such as Property24, Facebook Marketplace and estate...
Listen: Money moves for newlyweds
In this podcast, Maya and Moroka Modiba, author of Think Yourself Rich, discuss how newlyweds should start managing their finances together, why a household budget is important, and the shared goals that need to be discussed. Moroka also unpacks...
What to do if your car needs to be towed
It’s something that happens to most of us at some point in our driving career: getting stranded at the side of a road with a broken-down vehicle. But do you know the right procedures to follow if your car needs to be towed? Whether it’s due to an...
Are you invested in a Ponzi scheme?
When an investment promises a guaranteed return above what a cash investment would yield, chances are it's a Ponzi scheme. “Do you think this investment is legit?” That's a question I receive at least once a week. While it's great that people are...
Beware these fraudulent companies
Over the last few months, the Financial Sector Conduct Authority (FSCA) has issued several warnings against fraudulent companies and individuals that it believes are putting people’s hard-earned money at risk. None of these companies or individuals...
Previous Articles
Will foreign talent reforms work?
Will President Ramaphosa's SONA announcement on reforms to attract foreign talent really benefit South African critical skills employers? "We certainly welcome these initiatives as a win for organisations that are desperate to acquire scarce skills that are not...
Listen: Unpacking the annual budget speech
There have been mixed reactions to Minister of Finance, Enoch Godongwana’s annual budget speech this week. The general feeling is that while the financial manoeuvrings by National Treasury are commendable, there appears very little faith in government’s ability to do...
GEPF targeted in disinformation campaign
Over the last month the Government Employees Pension Fund (GEPF) and its fund manager the Public Investment Corporation (PIC) have been the centre of what appears to be a disinformation campaign. This has been fueled by social media posts claiming that there is an...
How to manage family demands
National Treasury’s response to Eskom can be a lesson on managing family demands. You get a call from a family member who urgently needs money for some emergency. Your finances are stretched, and you have already provided support to the person. How do you handle the...
Why small decisions matter
When it comes to our financial health, small decisions that we make every day can have a big impact. Have you ever wondered why those pants just seem to be getting tighter each year even though you’re not really eating that much more? Or why your credit card balance...
How prepaid funds work in your access bond
Depending on how your access bond is structured, you might not be able to withdraw all of your prepaid funds. Many people believe that putting all of their “spare cash” into their access bond is a smart thing to do. It can serve as your emergency fund because those...
Listen: Proving your tax non-residency status can be tricky
If you want to stop paying tax in South Africa, you need to prove your tax non-residency status to SARS – which is not a simple matter. In this podcast, Maya chats to expat tax attorney Martin Bezuidenhout of Tax Consulting South Africa, about what you need to do to...
Delays in winding-up estates leave families in the lurch
In an act of frustration, the Fiduciary Institute of Southern Africa (FISA) recently issued a press release raising concerns about delays in winding-up estates. FISA called on all banks “to investigate why it takes months to provide basic information to Executors to...
Choices and financial freedom
Have we become so caught up in a world of material desires that we've lost sight of what truly brings us joy and freedom? The fear that prevents us from leaving jobs we hate, keeps us holding onto unhealthy relationships, or stops us from taking that leap of faith, is...
Do you have financial PTSD?
While financial PTSD might not be officially recognised by health professionals, it is a reality for many people. Money is an emotional topic for most people, regardless of age, income or profession. Having money in abundance can unlock a world of opportunities, yet...