The best financial legacy you can leave your children is to teach them the value of money - how to save it as well as how to spend it, says Stephen Katzenellenbogen, Senior Executive and Wealth Manager at NFB Wealth Management. You don’t have to...
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How will the recent looting affect the rand?
Bianca Botes, Director at Foreign Exchange Specialists Citadel Global, shares her insights on the recent protests and looting, and what it might mean for the value of the rand. One cannot deny the chaos that has ensued since the recent...
Retirement planning is not a once-off event
Jaco Prinsloo, Wealth Manager at PPS Wealth Advisory, has some sensible advice around retirement planning. As a wealth manager, I have observed that there are two typical clients. Some dread retirement, while others look forward to it. Those who...
Listen: It’s tax time: here’s what you need to know
Tax filing season opened on 1 July, and non-provisional taxpayers have until 23 November to file their returns. Some people look forward to tax season because they can get a rebate, but for many of us it can feel a bit overwhelming. A particular...
Tips for expats to get tax ready
Tanya Tosen, Master Mobility Specialist at Tax Consulting SA, has some tips for expats to make sure they have all their ducks in a row when it's time to file their tax return. Adding to the challenges of 2020, the South African Revenue Services...
Make the right choices from the start
The great thing about getting your first paycheque is that you have the opportunity to do the right things before the bad habits kick in. The day that first paycheque hits your bank account you feel like you have finally arrived. But how you manage...
Are banks putting customers first?
Banks were in the spotlight recently with the release of the annual report by the Ombudsman for Banking Services (OBS) and feedback from the Financial Sector Conduct Authority (FSCA) regarding the banks’ adherence to the Conduct Standard. The draft...
Today’s extraordinary popular investment delusions
Flagship Asset Management Fund Manager Kyle Wales discusses some modern-day popular investment delusions in which fundamental valuations matter less and less, and prices are simply a function of investor sentiment. These include Tesla, Gamestop,...
Listen: How to decide on the right retirement village
We all go through the aging process, and one of the big decisions we have to make ‒ for ourselves or for our parents ‒ is whether (and when!) to downsize and move into a retirement village. This is not an easy decision and can be further...
Should women celebrate community of property rights?
There has been much celebration around the protection of women in customary marriages with President Ramaphosa recently signing into law the amended Recognition of Customary Marriages Act. However, are these women fully aware of the implications,...
Previous Articles
Five tax myths many employees still believe
Tanya Tosen, Tax and Remuneration Specialist at Remuneration Consultants, addresses five tax myths that have become popular over the years. Many employees don't understand the complex tax calculations that payroll applies to their earnings each month and often...
Changes for FNB Gold customers
FNB has announced a new account as part of its annual pricing review, with a focus on banking the family. As from 1 July all FNB Gold customers will be converted to FNB’s new Aspire account. It comes with lower monthly fees – dropping from R109 to R99 – and customers...
How to save on home loan insurance
When applying for a home loan, the bank will insist that you take out home loan insurance to cover the repayments in the event of death, disability, or retrenchment. Evelyn Doubell, Private Wealth Manager at NFB Wealth Management finds that it’s usually cheaper to...
Listen: Use the lessons learnt from Covid to improve your finances
We know from studying history that entire generations can share a similar money attitude or behaviour due to a major financial event that their generation experienced. What effect, if any, will the Covid pandemic have on this generation? In this podcast, Maya...
The effects of delaying your retirement
What if you could change your retirement by working just one more year? André Wentzel, Head Client Solutions Savings at Sanlam, explains how delaying your retirement by one, three or five years could fundamentally change your savings and enable a better quality of...
Relief for struggling restaurants
Soft loans and payment holidays are available for restaurants still battling to survive the pandemic. At the beginning of May, my favourite local coffee shop closed its doors after 20 years of trading. My neighbourhood shopping centre, which caters to many “mom and...
Money and divorce
David Thomson, Senior Legal Adviser at Sanlam Trust, shares some practical tips about the financial side of divorce. The news of Bill and Melinda Gates filing for divorce after 27 years of marriage sent shockwaves through the philanthropic world. The couple is worth...
Listen: Your midlife money makeover
In this interview with financial planner Kim Potgieter (@KimPotgieterM3), Maya (@mayaonmoney) discusses Kim’s new book Midlife Money Makeover. The book delves into how our relationship with money and those money stories we grew up with either help or sabotage our...
Competition will cut car ownership costs
Freedom to have your car repaired by a non-dealer will increase competition and reduce the cost of repairing and insuring your car. A couple of years ago when I was buying a second-hand car that didn’t have a service plan, I discovered what a rip-off my dealership had...
Treasury says “no” to pension loan proposal
National Treasury has made it clear that it does not support any calls to allow members to borrow money from their pension funds. This was in response to a Private Member’s Bill to amend the Pension Funds Act. This Bill was put forward by DA MP Dr Dion George as a...