Do you know whether you're covered if a power surge damages expensive electrical appliances? Identified by Google as South Africa’s most searched term in the past decade, loadshedding continues to cause a huge amount of frustration and...
You are Here >
Home >
Video: Car and handbag insurance for women
I always maintain that actuaries never lie, and women on average pay less for car insurance than men, so is it true that women are better drivers? In light of Women's Month, I am speaking to Christelle Colman of Elite Wealth Assets Insurance to...
Should pensioners worry about interest-rate cuts?
By Mica Townsend, Business Development Manager at 10X Investments Most pensioners who live off interest from savings have had their incomes dramatically reduced by the interest-rate cuts of the last few months, but this is not the only ‒ or even...
A better – and very different – future
By Samantha Steyn, Chief Investment Officer, and Yanga Nozibele, Investment Associate, Cannon Asset Managers Following the endless stream of Covid-19 headlines, extended lockdowns and associated economic hardships, we are all suffering from...
Video: Your UIF questions answered
There’s been a lot of controversy and debate around the rules and regulations of the Unemployment Insurance Fund (UIF) since the beginning of the national lockdown. With more retrenchments and job losses looming, many people are wondering what...
Be careful when claiming home office expenses
By Darren Britz, Admitted Attorney, and Laurence Mbokwane, Tax Consultant, at Tax Consulting SA Many South Africans who had to start working from home due to the national coronavirus lockdown imposed on businesses will not yet be able to claim home...
Listen: Women’s Day: Own your financial destiny
Is money really gender neutral? Maya (@mayaonmoney) and Mapalo (@womanandfinance) discuss why women face more financial challenges and how important it is for women to take control of their financial destiny. Click here for more posts on this topic.
Don’t fall for a WhatsApp get-rich-quick scam
The WhatsApp stokvel scheme that has been around for a while has now morphed into a “WhatsApp gifting circle”, but it is the same get-rich-quick scam, just under a different label – and just as dangerous and illegal. People are recruited to join a...
Money Makeover: Create your own financial freedom plan
This year has been undoubtedly the most challenging for contestants as they grappled with fallout of COVID-19 and the lockdown. Four of our contestants experienced a drop in household income, yet they still managed to meet all their goals set out...
Video: Retrenchment
66% of people surveyed for the Old Mutual Savings and Investment Monitor said they feared losing their job. It is important to understand what benefits you have if you are retrenched. Accepting a voluntary retrenchment package provides the same...
Previous Articles
Financial stress on the rise
Financial stress has soared as a result of the Covid-19 crisis, with savings dropping and debt levels rising. 58% of households across South Africa are facing high or overwhelming financial stress, according to the latest Old Mutual Savings & Investment Monitor...
Listen: Money Makeover: How we reached our goals in just six months
In the final episode of our Money Makeover Challenge podcast, Maya (@mayaonmoney) and Mapalo (@womanandfinance) chat to the two winners Catherien and Nono about their journey and how they turned their finances around. In just six months these women paid off debt,...
Video: How to prioritise those bills
Lockdown and the economic fallout will affect different people in different ways. Some are fortunate enough to still be receiving a salary but according to the recent Old Mutual Savings and Investment monitor, over 50% have experienced a pay cut. Now is the time to...
Protect yourself from cyber criminals
Cyber criminals are taking advantage of the anxiety around lockdown. Manie van Schalkwyk, Executive Director of the Southern African Fraud Prevention Service (SAFPS) provides some insight into what scams to watch out for. The world is currently a very scary place....
Listen: How to track your financial progress
In previous podcasts we have discussed the concept of net worth and how to use it to assess your financial progress (take a listen to "Grow your net worth in 2020" and "Do you know your net worth?"). In this podcast, Maya (@mayaonmoney) and Mapalo (@womanandfinance)...
Check before you press pay
If you accidently pay into the wrong account, there is no guarantee you will receive your money back. I recently received two complaints from readers who had accidently paid money into the wrong account, highlighting the risk of electronic fund transfers (EFT) and how...
Money Makeover: Making plans for bigger dreams
“Never give up on a dream just because of the time it will take to accomplish it. The time will pass anyway.” – Earl Nightingale The true motivation behind financial freedom is to have the money to live our dreams – we just need a plan to get us there. While our...
Reduce the impact of that payment holiday
If you have taken a debt payment holiday, make sure you catch it up. I have previously warned readers against taking the three-month payment holiday offered by the banks unless you had no option. This is because the interest is capitalized and like most holidays, it...
How to save for your goals to avoid debt
One of the main reasons we have a credit crisis in South Africa is that we never plan and save towards our goals, because it’s just easier to borrow. Change your dependency on credit by planning for those money moments and start saving for your short-term goals in a...
When SARS unlawfully help themselves to your bank balance
By Jashwin Baijoo, Tax Attorney at Tax Consulting South Africa Everybody knows SARS is under collection pressure and they have grown rather fond of appointing third parties, such as banks, to recover outstanding tax debts directly, which leaves taxpayers stunned....