Bank customers will have a nasty surprise if they allow their debit orders to bounce. When Anil contacted his medical scheme to cancel his premium as he knew he had no funds, he discovered it was too late. The debit order went off and Standard Bank...
A side gig where you offer your skills or services can be a great way to earn some extra cash to settle debts, start investing, or provide for those luxuries. However before you start, you need to do your homework and make sure you understand...
The year is not yet halfway through, but it feels as if decades of turmoil have been compressed into it already. By Izak Odendaal and Dave Mohr, Investment Strategists at Old Mutual Wealth As the clock struck midnight on 31 December, apocalyptic...
Technology has made investing via a structured product more accessible to the average retail investor. With the economic fallout expected from COVID-19, investors have either seen their portfolios seriously hurt or are too afraid to enter the...
Have you fallen into property investing by accident? Are you an existing property investor looking to consolidate, or planning on buying your first property? In this podcast Maya (@mayaonmoney) chats to Miguel Martins of Absa Home Loans, a property...
By Jenny Gordon, Head: Technical Advice Investments, Product and Enablement at Alexander Forbes From 1 June to 30 September 2020, retirees with a living annuity will be able to draw down between 0.5% and 20% of the asset value of their living...
If you are a regular watcher of Money Matters you will know that the best way to manage a credit card is to pay it off in full at the end of each month. A credit card acts as a revolving loan. If you are only paying off the minimum instalment...
National Treasury recently announced that it had provided a guarantee of R100bn to banks to provide additional funding for small businesses. This will be increased to R200bn if it is necessary and the Scheme is successful. “This guaranteed loan...
In line with our theme on alternative asset classes, in this week’s podcast Maya (@mayaonmoney) and Mapalo (@womanandfinance) discuss investing in gold. Is gold a good investment? What role should it play in your portfolio and how do you go about...
The Council for Medical Schemes has confirmed that COVID-19 falls under the prescribed minimum benefits as defined in the Medical Schemes Act. According to Neil Kirby, Director and Head of the Healthcare & Life Sciences practice at Werksmans...
Like many ad-hoc property investors, Colen has largely fallen into property investment by accident, grabbing opportunities as they arose. He has built a property portfolio of five properties which has put him under financial pressure. His Money Makeover journey has...
Busang wrote to say that he has no debt and R600 extra each month that he wants to start investing for the long term. He wanted to know which unit trust or exchange-traded fund would be the best option. For anyone who is starting to save or invest, you need to decide...
While tens of millions of Americans were losing their jobs, the stock market in April produced its best monthly return in over 30 years. Sean Markowicz, strategist in the Research and Analytics division at Schroders, looks at what’s behind this apparent disconnect....
Investors are increasingly looking to non-financial assets to provide further diversification. We have previously discussed Fedgroup Impact Farming, where investors can buy into farming of beehives, blueberries and even solar energy. We have also written about...
If your debt counsellor is not registered, or not contactable, or not providing you the required service, then you can transfer to another debt counsellor. All you have to do is approach a new debt counsellor and complete the application form. It will then take about...
By David Shochot, CEO: Stylo Investments Proponents of active management argue that this style of investing adds value in a bear market. They argue that with sharp market falls and with asset price volatility, the flexibility of an active manager to move in and out of...
Say you have been working hard at improving your credit score by settling outstanding debts and you are now paid up and you want to buy a house or a car. How long before that reflects on your credit score to the extent that you are now considered a “good risk”? We...
Don’t expect a blanket premium relief, but if you are struggling, contact your medical scheme for options. If you are struggling to meet your medical scheme contribution this month, don’t hold out for a blanket offering of a premium waiver. Medical schemes pay out on...
With the economic fallout expected from COVID-19, investors have either seen their portfolios seriously hurt or are too afraid to enter the equity market now. Sitting in cash is an option, but what if markets recover and investors lose out on potentially higher...
While you are sitting in lockdown, now may be the time to turn that WhatsApp group into a stokvel. In her book Stokvels: How they can make your money work for you, author and financial educator Palesa Lengolo writes, “I have watched how some stokvels start...