The third Absa/City Press Money Makeover Challenge kicks off early next year and entries are now open. The competition runs over a six-month period and the six selected participants will receive expert help to get their finances in order and...
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Video: Make the most of your credit card
For some people a credit card can be a financial disaster. However, if you are disciplined and pay off your card in full at the end of the month, or pre-pay at the beginning of the month, then a credit card could save on transaction fees. No...
Do you know whether you have a personal loan or a credit facility?
Jane contacted us after being caught out by a credit agreement in which she thought she had taken out a personal loan. She discovered later that what she had signed up for was a revolving credit facility, which is very different from a personal...
Listen: Travel overseas without debt
With proper planning you can have that overseas trip without financial regrets. Maya (@mayaonmoney), Mapalo (@womanandfinance) and personal finance blogger Brendan Dale (@your_money_blog) share their travel budget secrets.
Debt relief has more questions than answers
There is no question that the debt crisis faced by lower-income households needs to be urgently addressed, however the provisions for debt intervention in the National Credit Amendment Act raise many questions about how and when it will be...
Money Makeover: Until death do us part
The Absa/City Press Money Makeover Competition is once again open for entries. Read how 2018 contestant Amanda, a widow with three young children, managed to pick up the pieces both financially and emotionally after the sudden death of her husband....
Video: Why save if you just spend?
Have you ever found yourself trying to save money by not buying a takeaway coffee? Or possibly saving the R8 parking fee by finding street parking instead? But then you just end up blowing R1Â 500 on a designer shirt or R3Â 000 on a new pair of...
What the Prosus listing means for benchmarks and investors
By Kyle Hulett, member of the Actuarial Society of South Africa. The listing of Prosus, the new company that holds the international online assets of South African media group Naspers, marks another key step in the unbundling of Naspers, which...
Listen: The FIRE budget: planning to retire early
Maya (@mayaonmoney) and Mapalo (@womanandfinance) speak to personal finance blogger Brendan Dale about how he manages his budget to achieve Financial Independence to Retire Early (FIRE). Is it a fad or something we could all apply to our finances?...
Is your adviser working for their fee?
Whose responsibility is it to ensure your adviser updates you regularly? Almost every single person who has a life or investment product is probably paying an ongoing advice fee. Yet every week I'm inundated with requests from people for help or...
Previous Articles
Video: Retirement annuity rules
A retirement annuity is a great, tax-efficient way to save for your retirement, but they do come with certain rules. Many people investing in retirement annuities are not fully aware of these restrictions. Firstly, you cannot access your retirement annuity until the...
Q&A: Retirement
We answer some reader questions about retirement funding: some want to invest, and others want to cash out. We look at the pros and cons. Listen to Maya and Mapalo Makhu discussing this topic in the My Money, My Lifestyle podcast. How much tax do I save by investing...
Listen: The 20-year home loan fallacy
In this week’s edition, Maya (@mayaonmoney) and Mapalo (@womanandfinance) explain how you can pay your house off as quickly as your car. Also, In the light of the recent raid by the authorities on CoinIt and Commex Minerals, they discuss the increase in dubious...
Do your homework when buying shares in a company
Headline results are not the only factor to consider when investing. As a first-time investor in the stock market, the best starting point is to invest in a unit trust or exchange-traded fund. This allows you to start with a relatively small amount of capital – from a...
Video: Watch out for property purchasing costs
I was recently speaking to a young woman who had just bought her first house. She admitted that she had been caught completely off guard by all the expenses she had to incur. She discovered that buying a house is a lot more expensive than just being able to afford the...
How investments fit into your portfolio
When it comes to investing for the longer term you need to make sure you build up a sustainable and well-diversified investment portfolio. For example, having no retirement fund but investing all your spare cash in bitcoin or forex trading would be a very risky and...
Listen: Credit facility vs personal loan: knowing the difference will save you a fortune
Maya (@mayaonmoney) and Mapalo (@womanandfinance) discuss the dangers of signing up for a credit facility as well as how your partner’s debt can impact your credit score.
What the debt relief bill really means
Recently President Ramaphosa signed the National Credit Amendment Act (NCA) into law which included the so-called Debt Relief Bill.  This has generated an avalanche of headlines claiming that consumers’ debt is to be expunged. These are dangerous headlines and any...
Video: Should you cash in your pension?
When changing jobs there is always the temptation to cash in your retirement fund and use it to settle your debt. The feeling of not having those debt repayments each month is hugely liberating. But does it make financial sense? Someone posed this question to us. He...
Does joint life cover make sense?
The recent Old Mutual Savings and Investment Monitor found that middle-class households are cutting back on insurance and medical cover. However, if you have a family, life cover is essential to provide for them if something happens to you. If you can only afford to...