Now is a great time to do your financial admin and put together a “life book”. An important part of knowing your net worth is having your admin in order. You need to have one place where you keep all those important documents rather than scratching...
This video was done when travel operator Thomas Cook collapsed last year, however it is just as relevant for holiday-makers facing COVID-19 cancellations. Travellers may not be aware of the limits around travel insurance which has exclusions...
Many employers are asking their teams to self-isolate and work from home right now, while entrepreneurs who would usually work from a shared space are now working from home instead. This is in order to reduce the risk of employees contracting the...
In this time of unprecedented events Maya (@mayaonmoney) and Mapalo (@womanandfinance) have put together a comprehensive strategy on how to manage your money in light of COVID-19: what to do with your investments, what to do if you are close to...
With a cut in interest rates likely, now may be the time to lock into a fixed deposit. Over the last two years interest paid by financial institutions relative to inflation was the highest since the end of the credit crisis in 2010. Last year, unit...
By Jill Larkan, Head of Healthcare Consulting at wealth and financial advisory business, GTC People who contract COVID-19 (the new coronavirus) who are under the age of 80 and do not have any pre-existing conditions (such as cardiovascular...
The first challenge for our 2020 Money Makeover contestants was to get a get a handle on where their money goes each month and to make some decisions about what they were prepared to live without in order to reach their personal goals. For all of...
With the National Lottery celebrating 20 years of existence this year, we question whether punters could’ve done something better with the money they gambled. This year a 35-year-old woman from Soweto became a multi-millionaire thanks to a gamble...
The weekly My Money, My Lifestyle podcast recording is the latest victim of stage 4 loadshedding. As Maya (@mayaonmoney) and Mapalo (@womanandfinance) were unable to record their weekly podcast, we are re-running a previous episode on a theme which...
By George Herman, Director and Chief Investment Officer, Citadel The coronavirus outbreak has rapidly approached global pandemic levels, and given the knock-on effects of the virus on economic growth, the fireworks in markets were inevitable. From...
You can apply for debt review if you are unable to meet your debt commitments. However, in some cases, your finances may improve and you may wish to exit debt review. Whether or not you are able to exit will be determined by where you are in the process. When you...
As salaries struggle to keep up with inflation, and the economy in general continues to deteriorate, many middle- and higher-income earners are now relying more heavily on unsecured loans to maintain their lifestyles. As a result, many more South Africans are now...
In the first of our monthly City Press/Absa Money Makeover podcasts, we chat to Absa financial adviser Steven Williamson about how he guided last year’s winner Samke to turn her finances around in just six months. We also hear from his candidate this year, newly-wed...
Higher-income earners are tapping into unsecured loans to maintain their lifestyles as their salaries fail to keep up with inflation. Debt Counselling firm DebtBusters recently released their quarterly debt report for the last quarter of 2019, and the figures were...
Each of our six City Press/Absa Money Makeover contestants has been allocated their own adviser and their tasks have been set. We have a diverse range of money challenges, from paying off debt, building a family legacy, and creating cashflow in a small business, to...
By Carla Rossouw, tax lead, Allan Gray The laws around tax for South Africans who live and work abroad have changed and it's important to work out whether or not you are now expected to pay tax on income you earn outside of the country. As of 1 March 2020, South...
Listen to the budget speech highlights and lowdowns with Maya (@mayaonmoney) and Mapalo (@womanandfinance) – what it means to the ordinary South African as well as the risks building towards a possible downgrade. Maya also chats to Sharon Machutchon of Mazars about...
To say this 2020 Budget Review was a shift in policy would be no exaggeration. After years of tax hikes ‒from increases in personal income tax, higher taxes on investments and a hike in VAT ‒ Finance Minister Mboweni appeared to say “enough is enough”. With the...
Do I have to purchase an annuity at retirement? When I reach retirement age, must I invest my provident fund in an annuity, or can I just build a unit trust portfolio with an asset manager and draw a yearly “salary” of not more than 4%? Will there be any tax...
While her current car has been a reliable mode of transport, Mapalo faces the reality that after eight years, it is time to buy a new one. What car should she consider? How does she work out her affordability and should she put down all her savings as a deposit? Maya...