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...
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...
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...
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...
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...
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...
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...
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...
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...
As this is a leap year, 29 February marks the end of the financial year. All information up to this date will be included in your 2019/2020 tax return. This includes all tax deductions. Top-up your retirement fund You can invest up to 27.5% of your income, tax free,...
Next week we launch our 2020 City Press/Absa Money Makeover competition as we take six new contestants through a money boot camp. They have a hard act to follow as last year our five finalists exceeded all expectations. During the six-month Money Makeover competition...
By Rebekah Funk Sjoe, you made it through Janu-worry 2020. Well done. After exhaling that deep sigh of relief, get ready to follow these five time-tested money tips from the experts to ensure you can save more and spend better come the December holidays 2020. 1. Save...
The debt statistics, especially for higher-income earners, are alarming. Figures released as part of National Debt Awareness month show that, on average, higher-income earners have increased their debt by 50% since 2014. In this podcast Maya (@mayaonmoney) and Mapalo...
By Preston Narainsamy, Investment Professional at Marriott Asset Management 1. Establish your financial goals. This will enable you to put together an effective investment plan with an appropriate long-term allocation to stocks, bonds and other asset classes. 2. Start...
The 29th of February marks the end of the financial year. All information up to this date will be included in your 2019/20 tax return, including all tax deductions. So, make sure you have taken advantage of all those tax perks before the end of the month. Top-up your...
Last month, Discovery announced the introduction of a new e-currency in the form of Discovery Miles, for its ‘universe’ of banking, health and insurance products. Discovery claims that the new rewards system will give consumers more spending power than before because...
One of the ways to find that extra cash to start saving is to review your fixed costs, like short-term insurance. In this episode Maya (@mayaonmoney) and Mapalo (@womanandfinance) discuss some of the new insurance players in the industry that are using technology to...