The creation of the National Financial Ombud Scheme will make it much easier for consumers of various financial products to find redress. The financial industry has mechanisms for dispute resolution that consumers are often not aware of. These are...
Life cover fraud has been in the spotlight following the harrowing case of former policewoman Rosemary Ndlovu, who was sentenced to life in prison for orchestrating the murders of six family members between 2012 and 2018 to reap insurance payouts....
Wendy Myers, Head of Securities at PSG Wealth, has some sound advice if you are concerned about stock market volatility and how it could affect your portfolio. Amid escalating volatility in global equity markets due to numerous factors, an...
Congratulations! You've tossed your graduation cap, landed your first job, and are ready to dive into the real world. But with the excitement of your first paycheque comes the daunting realisation of adult responsibilities: rent, groceries, car...
When last did you read your short-term insurance contract? This year I was surprised to discover that the excess on both my car and building insurance had increased. While the premiums had not gone up significantly, the portion I would have to pay...
A pension-backed home loan is an alternative form of housing finance where a person uses their pension savings as security for a home loan. When you apply for a home loan, the bank will consider the property as security for the loan but will also...
Many of the articles on this website focus on helping people to get out of debt, but credit is not necessarily a bad thing if you understand how to borrow responsibly. In personal finance, we often talk of “good” debt versus “bad” debt. Typically,...
In this episode of the My Money, My lifestyle podcast, Maya is joined by Queen Malobane, Provincial General Manager at Metropolitan, as they delve into the complex intersection of money and relationships. The romantic notion that love conquers all...
Wendy Myers, Head of Securities at PSG Wealth, looks at some myths that are prevalent among South Africans when it comes to the idea of investing in the stock market. When it comes to the world of investing, many people have no idea where to start,...
While there is certainly good financial education content to be found on social media, there are also numerous scams and unethical practices, and TikTok is no exception. In fact, the massive increase in TikTok’s popularity has seen a massive...
Beatrie Gouws, Tax Director at BDO, and David Warneke, Assoc. Prof. and Tax Partner at BDO, share their insight into the implications of the 2024 budget for taxpayers across all economic tiers. South Africans breathed a collective sigh of relief as the 2024 budget...
Have you ever taken a close look at your short-term insurance policy? Do you know exactly what your insurance excess is? Not too many people do, but if you study your policy wording, it can be quite the eye-opener. In the latest episode of the My Money, My Lifestyle...
MMM Krypto and Tumi Links are two of the latest scams doing the rounds online. Every week I receive an update from the Financial Sector Conduct Authority (FSCA) warning about scams. Unfortunately, when people are caught out, there is nothing our regulators can do as...
Email interception fraud takes place when criminals gain unauthorised access (via stolen usernames and passwords) to your private or business email accounts, allowing them to impersonate you or the business. “Email interception fraud allows the threat activator behind...
What being married in community of property means for your taxes If you are married in community of property you may be surprised to discover that 50% of your spouse’s tax liability from investment income (such as interest, rental income, dividends, and capital...
Every year, the announcement of the national budget grips the attention of ordinary South Africans and experts alike. But what does it really mean for you and me? In this latest episode of the My Money, My Lifestyle podcast, we cut through the jargon to bring clarity...
Sanisha Packirisamy, economist at Momentum Investments, picks up on some key focus points from the 2024 budget speech delivered by Finance Minister Enoch Godongwana. Committing to maintaining sustainable public finances proves to be challenging amidst a geopolitically...
Farzana Botha, Communications Manager at Sanlam Risk and Savings, and Lee Hancox, Head of Channel and Segment Marketing at Sanlam, present a guide to ‘relationship financial flags’, helping South Africans navigate the complexities of love’s financial dynamics this...
"Present bias" can lead us to procrastination, impulsivity, and poor decision-making when it comes to achieving our financial goals. Making New Year’s resolutions is a popular way to set goals for the upcoming year and make positive changes in your life. However, many...
For most parents, being able to educate their children is one of their most important financial goals. But when it comes to finding the money for school fees or tertiary education, we wish we had made better plans earlier. We are reminded of this every January when we...