Make the right choices from the start
The great thing about getting your first paycheque is that you have the opportunity to do the right things before the bad habits kick in. The day that first paycheque hits your bank account you feel like you have finally arrived. But how you manage that money will...
Are banks putting customers first?
Banks were in the spotlight recently with the release of the annual report by the Ombudsman for Banking Services (OBS) and feedback from the Financial Sector Conduct Authority (FSCA) regarding the banks’ adherence to the Conduct Standard. The draft Conduct Standard...
Today’s extraordinary popular investment delusions
Flagship Asset Management Fund Manager Kyle Wales discusses some modern-day popular investment delusions in which fundamental valuations matter less and less, and prices are simply a function of investor sentiment. These include Tesla, Gamestop, Bitcoin and...
Listen: How to decide on the right retirement village
We all go through the aging process, and one of the big decisions we have to make ‒ for ourselves or for our parents ‒ is whether (and when!) to downsize and move into a retirement village. This is not an easy decision and can be further complicated by the different...
Should women celebrate community of property rights?
There has been much celebration around the protection of women in customary marriages with President Ramaphosa recently signing into law the amended Recognition of Customary Marriages Act. However, are these women fully aware of the implications, especially around...
Five tax myths many employees still believe
Tanya Tosen, Tax and Remuneration Specialist at Remuneration Consultants, addresses five tax myths that have become popular over the years. Many employees don't understand the complex tax calculations that payroll applies to their earnings each month and often...
Changes for FNB Gold customers
FNB has announced a new account as part of its annual pricing review, with a focus on banking the family. As from 1 July all FNB Gold customers will be converted to FNB’s new Aspire account. It comes with lower monthly fees – dropping from R109 to R99 – and customers...
How to save on home loan insurance
When applying for a home loan, the bank will insist that you take out home loan insurance to cover the repayments in the event of death, disability, or retrenchment. Evelyn Doubell, Private Wealth Manager at NFB Wealth Management finds that it’s usually cheaper to...
Listen: Use the lessons learnt from Covid to improve your finances
We know from studying history that entire generations can share a similar money attitude or behaviour due to a major financial event that their generation experienced. What effect, if any, will the Covid pandemic have on this generation? In this podcast, Maya...
The effects of delaying your retirement
What if you could change your retirement by working just one more year? André Wentzel, Head Client Solutions Savings at Sanlam, explains how delaying your retirement by one, three or five years could fundamentally change your savings and enable a better quality of...