Kyle Wales, portfolio manager at Flagship Asset Management, gets into the nitty gritty of how inflation works and explains why it is bad for economic growth. For the last year opinions around the future path for inflation have been divided into two...
The Association of Savings and Investment South Africa (ASISA) recently released death claims figures which left no doubt as to the true impact of Covid-19 when it comes to mortality rates. Industry-wide figures from South African life insurers...
With multiple breaches of personal information, consumers should assume they are compromised. Once again individuals’ personal data has been compromised, this time through a breach at credit bureau TransUnion South Africa. This follows a compromise...
Good financial advice is worth paying for. We can probably all agree on that. But when we buy a traditional financial product sold to us by a financial adviser, do we know how much it is really costing? And how do we know we are getting good...
Last month National Treasury announced a welcome new addition to its range of RSA Retail Bonds. RSA Retail Bonds are interest-linked investment products issued by National Treasury that provide attractive, above-market interest rates for those who...
Capitec has introduced a rewards programme and implemented fee increases as it focuses on becoming a fully-fledged bank. Capitec has always marketed itself as a simple, no-frills bank. In 2009 it repositioned its brand to expand its customer base...
By now, we should all be aware of the tax incentives offered by government to encourage savings via tax-free savings accounts, but Jaco van Tonder, head of Advisor Services in South Africa at Ninety One, urges us not to forget the other tax...
Rehana Khan, Portfolio Manager in the 4Factor team at Ninety One, makes a case for investing in domestic rather than offshore assets at the moment. The increase in offshore investment limits to 45% for Regulation 28 funds not only provides a...
When it comes to increasing tax revenue, it's better to find ways of improving tax compliance, rather than raising taxes. There is a paragraph in the 2022 Budget Review that reads, “an increase in annual expenditure of about R50 billion would...
If you're thinking about moving or perhaps upgrading your current home, the question you need to answer is: should I build, buy or renovate? The Covid-19 pandemic changed a lot about our lives. With the flexibility around the working environment...
With recent fuel price hikes delivering a shock to all of our budgets, every little bit of savings counts. It now costs motorists over R1 000 to fill up a 50-litre tank of fuel. At a pump price of R21.60 per litre, for a reasonably fuel-efficient car that consumes 6...
Since 2015, South Africans have been able to contribute to a tax-free savings account (TFSA). This account was introduced to encourage a savings culture in South Africa. Although the uptake of this savings vehicle has been relatively good, many people still don’t...
Mansoor Narker, Research & Investment Analyst at Glacier by Sanlam, analyses the possible effects that the Russian invasion of Ukraine could have on our investments. After weeks of amassing armed forces and supplies around the border of Ukraine, Russian President...
A pensioner was shocked to discover that a TymeBank credit card comes with a mandatory fee for compulsory credit insurance. It is good financial management to check all the costs involved when taking on credit, and this is exactly what pensioner Iain MacKinnon did...
Stokvels are a truly African solution, helping people manage their cashflow and achieve their goals. But are we doing enough to harness the power of group savings? Could stokvels be used to build wealth, fund children’s education, and even leave an asset to provide...
Buy Now, Pay Later (BNPL) has taken the world by storm, and has now hit online retailers in South Africa. What is it all about, and is it good for consumers? If you regularly shop online, you will notice that there has been an exponential growth in different payment...
Jean du Toit, Head of Tax Technical at Tax Consulting SA, picks out 10 key points from finance minister Enoch Godongwana’s 2022 Budget Review speech. Tax rates have not been increased Government refrained from increasing personal income tax rates. The Budget Review...
Sasfin’s chief global equity strategist, David Shapiro, recently celebrated 50 years of buying and selling on the JSE, and shares some valuable insights that he's gained along the way. When I was a recently qualified chartered accountant stepping onto the JSE floor on...
Maya (@mayaonmoney) speaks to financial planner Terence Tobin (@terencetobin) of Rich Ideas about ways to cut your tax bill whilst growing your investments. Terence unpacks the pros and cons of retirement annuities, how to use a tax-free savings account for tax...
National Debt Advisors caution South Africans against sexually transmitted debt in light of the global prevalence of love fraud. The airing of Netflix’s most recent true-crime documentary, The Tinder Swindler, shone the spotlight on the prevalence of love fraud. The...