By Jean du Toit and Jonty Leon, technical editors of the publication ‘Expatriate Tax - South African Citizens Working Abroad and Foreigners in South Africa’. As many South African expats are now aware, as of 1 March 2020, the amendment to section...
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Listen: Do you know your net worth?
Do you know your net worth? In this podcast Maya (@mayaonmoney) and Mapalo (@womanandfinance) discuss how to calculate your net worth and how to use it to track your financial progress. They also look at the best ways to finance your home loan and...
Increase in unsecured debt is cause for concern
Over 6 million applications for credit were turned down in the second quarter of this year, according to the latest Consumer Credit Market Report. In comparison to the same period last year, the number of new credit transactions and facilities...
Video: Keep your electricity costs low
The price of municipal electricity increased by around 13-16% which is going to hurt our pockets. Understanding how electricity tariffs work will help you take charge of your spending. If you get your power directly from Eskom you will be charged...
Competition comes to business banking
FNB has announced First Business Zero, a digital-only business bank account with no monthly account fee. While competition in the retail banking sector has driven down fees, business banking has remained largely uncompetitive and expensive. We are...
Listen: The low-down on dividend investing
This week’s episode is part of our Investment Series where we focus on investing and specifically investing for a sustainable income. Maya and Mapalo chat to Lourens Coetzee and Duggan Matthews from Marriott about why investors are returning to a...
Recourse when your travel plans go belly-up
A chargeback on your credit card may be your best bet for a refund when it comes to ruined travel plans. The collapse of Thomas Cook, which left hundreds of thousands of holidaymakers stranded, highlighted the issue of travel insurance. Travellers...
Video: Crazy ways to save money
We asked South Africans to share their “crazy ways to save” and we got some great ideas! Nonhlanhla has a debit order into a 32-day notice account where she saves for things she needs like furniture or renovations. She doesn’t touch the money for...
Should I include cryptocurrencies in my investment portfolio?
This post was sponsored by Revix. Nowadays, you‘ll have a hard time finding someone who hasn’t heard about Bitcoin or cryptocurrencies. But beyond the noise and sensational news headlines, the overwhelming majority of people have very limited...
Retrenchment survival guide
If you have been retrenched or your company has started a process of retrenchment, understand your options and have a financial strategy in place. Retrenchments have become a reality for many employees as South Africa continues to face an economic...
Previous Articles
Listen: Cryptocurrency: Is it money, an asset, or a get-rich-quick scheme?
What exactly is cryptocurrency? Is it something we should be investing in and if so, how do we do it? Maya (@mayaonmoney) and Mapalo (@womanandfinance) ask the questions you may be too shy to ask. Cryptocurrency experts Sean Sanders and Louis Buys, co-founders of...
Is direct selling a pyramid scheme?
With the advent of the gig economy, direct selling is becoming more popular among students and moms drawn to the perceived freedom and extra income that comes with it. But is this a legitimate business model? There are few businesses that you can start from scratch...
Money Makeover: managing money when self employed
The third Absa/City Press Money Makeover kicks off early next year and the call to enter is out. Each year, six readers are invited to sign up for a six-month financial wellness bootcamp to turn their finances around. Freelancer Tamsin, one of this year's contestants,...
Video: Tax implications of paying your grandchild’s school fees
As a grandparent you may want to start an investment for your grandchild or help with their education costs. While this is an invaluable gift, you need to consider the tax implications. Donations over R100 000 in any tax year will attract donations tax payable by...
How to manage your business’s cash flow
By Vaughan David, CEO of Business Cash Investments at FNB Failure to optimise cash flow is one of the key reasons that could lead start-ups to shut their doors within their first two years of operation. In order to increase your chances of sustainability, you need to...
Listen: You’re not broke, just pre-rich
In her book You’re Not Broke, You're Pre-Rich Mapalo explains that moving towards financial freedom starts with a state of mind. In this podcast, Maya (@mayaonmoney) and Mapalo (@womanandfinance) discuss what drives our buying decisions, and how you can choose between...
Whose data is it anyway?
Who has access to your data and what do they do with it? Do you ever go through the terms and conditions when using an app or signing up for a product or service? Are you giving away your data too easily? And what are the dangers? These are the questions I have begun...
Money Makeover: From security guard to property entrepreneur
The third Absa/City Press Money Makeover kicks off early next year and the call to enter is out. Each year, six readers are invited to sign up for a six-month financial wellness bootcamp to turn their finances around. Howard, one of this year's contestants, created a...
Video: Credit is not for dresses
I was recently sitting in a waiting room, flicking through a magazine. They had an advert for a women’s clothing catalog and the prices were shown as monthly installments. For example, one dress was only R57 a month over 12 months or R109 per month if you paid over...
The lifestyle trap
As the cost of living increases, many are tempted to break the law to keep up with the Joneses. Readers may be aware of the recent arrest of financial adviser Thomas Stringfellow on fraud charges. He was arrested on allegations that he misappropriated R100 million in...