Cybersecurity researchers are urging consumers to be on the lookout for delivery scams following Black Friday and Cyber Monday, and in the lead-up to the holidays. This comes after Mimecast’s threat-hunting team detected malicious emails and...
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Listen: Are you in a financially abusive relationship?
Are you the victim of financial abuse or are you perhaps unwittingly the abuser? And how would you even know? In this podcast, we discuss the very sensitive topic of financial abuse: how money is often used to control people in relationships. Maya...
Don’t be caught out by delayed premium increases
As medical schemes announce their pricing and benefits for next year, most have delayed their premium increases until later in 2022. The ability of medical schemes not to push through these increases in January is due to the significant surpluses...
What to do if you cannot afford your car payments
As lockdown drags on and job cuts continue, more and more people are facing financial difficulty when it comes to paying off debt. Many people have asked for advice about what they should do if they cannot afford their car payments. The bottom line...
Above-inflation returns for the GEPF
The Government Employees Pension Fund (GEPF) saw a significant 27.5% growth in its portfolio over the most recent financial year, bringing the total value of the fund to nearly R2.1 trillion. According to the annual financial results for the year...
Video: Plan for retirement
Retirement is something we can plan for ‒ and the better our planning, the more we get to enjoy our retirement years. In this video, I am joined by Guy Chennells, Head of Product at Discovery Employee Benefits, who will give us some tips around...
Government finances as a household budget
Government faces the same tough choices as South African households when it comes to its budget. Last week our new finance minister Enoch Godongwana laid out the plans for government’s spending over the next three years. The medium-term budget lays...
Listen: Is cash now trash?
Despite the recent rate hike, interest rates since the beginning of the pandemic have fallen by around 30%. This is great news if you’re borrowing money, but it is pretty dire for anyone investing in cash or relying on income from cash investments....
Your personal information could be for sale
Last month, the personal information of millions of South Africans was placed on messaging app Telegram for sale to the highest bidders. According to the Information Regulator, the database containing consumers’ personal information was downloaded...
Pay off my bond or invest?
Stephen Katzenellenbogen and Brendon Wright of NFB Private Wealth Management address a common dilemma faced by many: should I put all of my spare cash into my bond, or invest it instead? Many people are working towards the goal of being free of all...
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Government withdraws proposal to impose exit tax on retirement interests
Jean du Toit, Head of Tax Technical at Tax Consulting SA, explains why Government had no choice but to backtrack on the proposed exit tax on retirement interests. Expatriates and those with plans to emigrate will be relieved to learn that the proposal to impose an...
How to provide for your financial dependants
Providing for your family if something happens to you is a priority for every parent. There are several things a member of the Government Employees Pension Fund (GEPF) needs to do to make sure their financial dependants are taken care of. Update your nomination forms...
Video: Five things that derail your wealth
The difference between someone who is financially secure and someone who is not, often has more to do with avoiding wealth destruction traps than earning a bigger salary or having a windfall. If you want to be financially free, you need to avoid these...
Is a living will legally valid and enforceable?
Juan Buys, Fiduciary Specialist at PPS Fiduciary Services, explains that a living will may not always be enforceable. Sometimes family members face a difficult situation when a decision has to be made about a loved one in circumstances in which they are not able to...
Listen: How to bootstrap a business with R6 500
In this podcast Maya (@mayaonmoney) speaks to Mantsha Pheeha, a business strategist at Talent Unleashed, about how to bootstrap your startup by creating a pilot project. Mantsha worked with Nocawe, winner of this year’s Absa City Press Money Makeover Challenge, to...
Beware the pitfalls of bequeathing property
When bequeathing property, make sure you have done your estate planning properly. For most middle-class families, the primary residence is the most valuable asset in their estate, as retirement funds fall outside of one’s estate. It is not uncommon for parents to...
Retirement diversification in action
Rocco Carr, Business Development Manager at Glacier by Sanlam, explains how we should be thinking about different layers when it comes to retirement diversification. What does diversification mean? The dictionary meaning of diversification comes down to the process of...
What happens to your GEPF pension after five years?
As a financial journalist I often come across misinformation spread by unscrupulous financial advisers when it comes to the Government Employees Pension Fund. Most of these untruths relate to members’ funds at retirement, as the financial advisers are hoping for the...
Video: Become a farmer without a farm
As a smart person once said, diversification is the only free lunch. And if the current coronavirus crisis has taught us anything, it is to make sure our investments are diversified. The idea behind diversification is that it spreads our risk. When it comes to...
Listen: Advance payments on your car finance
We did this podcast a year ago, about paying off your vehicle and home loan sooner – but I thought it was worth sharing again, as Absa has now released updates on its banking app for car finance. Absa car finance customers can use the app to pay in additional funds to...