This year, to celebrate 180 years of banking, FNB has created an exhibition which is currently at Portside in Cape Town. In addition to documenting the history of FNB, it is a fascinating history lesson on the evolution of banking in South Africa....
Unpacking the costs and benefits of various power options to alleviate the effects of loadshedding After losing five hours a day of productive time during loadshedding, I thought it was time to find a solution for my home office. This led to a...
Did you know that your marriage contract could see you responsible for your partner’s pre-marriage debt? Maya Fisher-French (@mayaonmoney) and Mapalo Makhu (@womanandfinance) discuss the ins and outs of marriage contracts in this week’s My Money,...
Many people wonder whether they should claim from their car insurance after an incident that causes minor dents or scratches on their vehicle. Sumarie Greybe, co-founder at Naked Insurance takes a look at when it makes sense to submit a claim....
If you are formally employed you might have been required to join your company’s contracted retirement scheme, and they would have asked you to nominate a beneficiary for the proceeds in case you die before retirement. However, if you chose a...
Why does that extra R500 paid into your home loan make such a big difference? Maya Fisher-French (@mayaonmoney) and Mapalo Makhu (@womanandfinance) have the answer in this week’s My Money, My Lifestyle podcast. They also look at why you should...
A 23-year-old wants to do the right thing with her money and not end up a casualty of ‘bad debt’. Nthabiseng has just graduated and started her first job. She still lives at home and is currently using her parents’ car. “I am caught in between...
You have bought the car of your dreams but within a year or two you realise that the installments, petrol and insurance are all just unaffordable. The car of your dreams is now giving you nightmares – so what can you do about it? One option is...
In this week's My Money, My Lifestyle podcast, Maya Fisher-French (@mayaonmoney) and Mapalo Makhu (@womanandfinance) discuss budgeting for eating out, shoes and all those other luxuries, and they also look at what you need to be aware of when you...
By Riaan Oosthuizen, Alexander Forbes Health consultant As financial intermediaries we are often asked why medical scheme cover is so expensive compared to health insurance. Three main factors influence this. Underwriting and open enrolment The...
Why would a parent want their kids to take on car debt? Maya Fisher-French (@mayaonmoney) and Mapalo Makhu (@womanandfinance) discuss the other side of the “black tax” in this week’s My Money My Lifestyle podcast, and also provide a remedy if choosing the right ETF is...
One of the more frequent questions I get asked is whether it makes sense to pay an upfront deposit when buying a car. It seems that dealerships are advising customers not to pay the deposit upfront, but rather to make a lump-sum payment 24 months into the contract as...
The main reason we take out car insurance is so that we are covered in the case of an accident. However, if your car was not in a roadworthy condition at the time of an accident, or you were under the influence of alcohol, your policy might not pay out. So don’t drink...
Even a 0.25% reduction in your mortgage rate could save you tens of thousands of rands, but how open is your bank to the discussion? Personal finance blogger Steathy Wealth wrote last year about how he managed to save himself R83 000 by asking his bank to reduce his...
Want to start paying off your debt but just don’t know where to start? Maya Fisher-French (@mayaonmoney) and Mapalo Makhu (@womanandfinance) provide a step-by-step guide. To join the conversation send us a voice note to 064 554 3959.
New regulatory powers make it easier to investigate financial fraud. The new director of investigations and enforcement at the Financial Sector Conduct Authority (FSCA), Brandon Topham, made it clear in a media briefing recently that he will be taking a tough stance...
If you are considering buying a car, try save up so that you can put down a deposit. This will reduce the total cost of the car. By saving up a deposit, you could qualify for a better interest rate. A bank will view the fact that you were able to save for a deposit as...
In his budget address on 20 February 2019, Finance Minister Tito Mboweni announced an early retirement scheme for public servants whereby members of the Government Employees Pension Fund could take early retirement from the fund without penalties. According to the...
Is your dream car causing you nightmares? Do you just want to give the keys back? Maya Fisher-French (@mayaonmoney) and Mapalo Makhu (@womanandfinance) discuss the dos and don’ts when it comes to giving your car back. To join the conversation send us a voice note to...
By Preston Narainsamy, Investment Professional at Marriott Asset Management Despite a backdrop of robust economic growth in 2018, market returns across the globe were disappointing. The decline was driven by a slowdown in economic activity coupled with investor fears...