If you can start to manage your money responsibly as a student or new job entrant, you will be able to start to build long-term wealth. The key to wealth is not how much you earn, but how much you spend. Brenda wanted some advice on how to manage...
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Avoiding the behavioral pitfalls of Bitcoin
By Paul Nixon, head of behavioral finance at Momentum Investments Love it or hate it, Bitcoin appears to be here to stay. Having attracted over a trillion dollars of investment, this article is less about the merits of investing in Bitcoin and more...
Listen: The importance of budgeting
In this second episode of the Santam Insure Your Future Money Bootcamp, I’m again joined by Mapalo Makhu as we dive into the topic of budgeting, and how taking control of your day-to-day spending can significantly reduce financial anxiety. We hear...
Gold price at record levels – what now?
Chantal Marx, Investment Research Head at FNB Wealth and Investments, looks at possible reasons for the recent gold price rally, and how investors can take advantage. The gold price recently reached another all-time high, prompting investors to...
Fixing lengthy delays on deceased estates
Losing a loved one is hard. It’s even more difficult to deal with such a loss in the face of long and complicated estate administration processes. It can become emotionally and financially taxing. In South Africa, it is not uncommon for a deceased...
Listen: Safeguarding your child’s education and health
Welcome to "Life Behind the Numbers," a Discovery Life podcast series. Together with experts from Discovery Life, I delve into the latest trends from Discovery Life’s claims research, highlighting the need for both physical and financial protection...
DIY investing: pros and cons
When you build and manage your investment portfolio yourself, this is often called DIY (do-it-yourself) investing. In this article, we explore the pros and cons of DIY investing and how to get the most out of your strategy. South Africans are...
No-fee debt counselling now available
A new non-profit organisation called Foster aims to rattle some cages by providing free debt counselling services to qualifying consumers. Debt counselling can be a lifeline to those who are truly over-indebted and there are many stories (like...
Listen: Unlocking financial freedom
Introducing the Santam Insure Your Future Money Bootcamp podcast series. Are you ready to take control of your financial future? The Santam Insure Your Future Money Bootcamp podcast series is here to guide you through a transformative journey that...
What happens to your home when you pass away?
Carl Coetzee, Joint MD of Capital Legacy, has some valuable advice and tips for homeowners when it comes to estate planning. If you own a home of your own, have you thought about what will happen to it one day when you pass away? With as many as...
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Tax debt? Take action now!
SARS is upping its debt-collection game, so if you’ve got tax debt, now is the time to do something about it. If you are in debt with SARS or have received a notice of final demand, there’s no need for panic, says Thomas Lobban, Tax Legal Specialist at Latita Africa....
Deposit insurance offers protection for retail investors
The South African Reserve Bank has launched the Corporation for Deposit Insurance (CODI) which manages the country’s new Deposit Insurance Fund (DIF). This is a dedicated insurance fund that provides protection for bank deposits of up to R100 000 should a bank fail....
Listen: How to bounce back from divorce
In this episode of the My Money My Lifestyle podcast, host Maya Fisher-French delves into the financial complexities of divorce with financial planner Kirsten Smit of Citadel Investments. They explore the alarming rise in divorces, particularly in the post-Covid era...
Duped by a call centre and ending up trapped in debt review
Most of us have received spam calls promising to solve our debt problems and to reduce the interest rates on our loans. In some cases, the caller pretends to be representing the National Credit Regulator (NCR) or claims to be from some government programme. The truth...
SA Inc offering excellent value
John Biccard, Portfolio Manager of the Ninety One Value Fund, argues that “SA Inc” shares offer great value at the moment, but that conviction and courage are required to tune out all of the negative noise. A value investor sees the future for what it is – uncertain....
Two-pot system: considerations for over-55s
With 100 days to go until implementation of the “two-pot system” for retirement, Keith Peter, Advice Manager at Old Mutual Personal Finance, says that the best approach is to maintain your current strategy and avoid prematurely accessing the savings pot as far as...
Impact of the two-pot system on your preservation fund
The current draft bill does allow a savings pot component for preservation fund members. There are several steps that still need to be taken to bring the so-called “two-pot retirement system” into law. Although the National Council of Provinces approved the Pension...
Listen: The eight principles of investing
In this episode of the My Money, My Lifestyle podcast, I am joined by investment expert Debra Slabber from Morningstar South Africa, to discuss the fundamental principles of investing. Discover why simplicity is your ally, how your savings rate impacts your financial...
SA elections and property: buy now, sell later
This year, almost half of the world's inhabitants will head to the polls to elect their new governments, including eight of the world’s 10 most populous countries. “In South Africa, we can expect our own election to put the property market into a temporary holding...
Is your mental health harming your finances?
The prevalence of mental health disorders in South Africa is among the highest in the world. This understandably affects the way we manage our money. South Africans have a unique set of circumstances that makes many of us particularly vulnerable to mental health...