How much tax do you save by investing into an RA? What is the tax bill when you cash out? Why is it a bad idea to use your pension to settle your debts? If you’re thinking about cashing in your retirement fund or starting one, listen to Maya...
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Investments in VCCs no longer looking so attractive
By Doné Howell, Director, Head of Individuals, Trusts and Estates, BDO South Africa On Monday, National Treasury released the draft bills for public comment, which once approved will serve to effect the legislative amendments announced as part of...
Listen: Create a stokvel and start investing
From buying groceries to building wealth, Maya (@mayaonmoney) and Mapalo (@womanandfinance) discuss the evolution of stokvels and the power of collective investing.
The pros and cons of a business bank account
If you are self employed and working as a freelancer in the services industry, you may be debating whether you should work as a sole proprietor or register as a business. There are pros and cons for each, and the answer is not clear cut. I ran my...
How to work out your electricity costs and save
By Michael Franze, managing director at Citiq Prepaid New electricity rates kicked in on 1 July, with municipal electricity tariffs increasing by around 13% to 16%. Understanding how electricity tariffs work is the first step towards taking charge...
Listen: Does your will reflect your wishes?
Who should you select as an executor and what happens to your retirement funds when you die? Maya (@mayaonmoney) and Mapalo (@womanandfinance) unpack what you need to consider when writing up your will. Further reading: What should you...
Naspers’s Euronext listing plan – a sting in the tail for retail investors?
Retail investors in Naspers shares will have to decide whether to pay capital gains tax or take on more Naspers shares. While we will have to wait for the prospectus to confirm the details, Peter Armitage and Mike Gresty of Anchor, a JSE-listed...
#CrazyWaysToSave: Money tips from ordinary South Africans
As part of the launch for Savings Month in July, the South African Savings Institute asked South Africans to share the crazy ways they save. Here are some great ideas. Kgomotso uses the Standard Bank Stash app to save into a tax-free savings...
Listen: What really affects your credit score: the myths and the facts
Does shopping around for competitive quotes really affect your credit score? Maya (@mayaonmoney) and Mapalo (@womanandfinance) unpack the myths and the facts around what affects your credit score and how you can improve it.
Avoiding the headline investing trap
By Nicholas Hops, Coronation Equity Analyst It is perilously easy for investors to get caught up in the sentiment of the day and buy into ‘story stocks’. Not wanting to miss out on the next big thing, the market often drives up the price of...
Previous Articles
Why motor insurance claims are disputed
When the Ombudsman for Short-Term Insurance (OSTI) released its annual report recently, it was unsurprising that complaints around motor vehicle insurance are the most common, at over 48%. Of these complaints, 18% of motor vehicle insurance disputes were resolved in...
How to get an ‘excellent’ credit score
When it comes to buying a house or car, a bank would consider both your affordability as well as your credit score. Your affordability will determine how much the bank will lend you, but your credit score determines your interest rate, or whether the bank will even...
No more pension “debt” on divorce
The long-awaited amendment to the Government Employees Pension Law dealing with divorce debt has been signed into law. With very little fanfare, a very important piece of legislation was put into effect regarding the calculation of divorce benefits for members of the...
Listen: Why a blood test could save you money
By having a blood test you can significantly reduce your life cover premium. So why are people so reluctant to do so? Maya Fisher-French (@mayaonmoney) and Mapalo Makhu (@womanandfinance) chat to Liberty expert Lisa Gibbon to understand what risk factors are...
Is gold “God’s money”?
About two weeks before reading Fake by Robert Kiyosaki, who also wrote Rich Dad, Poor Dad, I had sold my KrugerRands to pay for the installation of solar panels for my home and office. I had reason to question my decision as the first section of Kiyosaki’s book is...
Listen: Why do insurers turn claims down?
Media coverage around disallowed claims by life insurers has tarnished the industry. In this podcast, Maya Fisher-French and Mapalo Makhu chat to Dr Thabani Nkwanyana, lead specialist medical officer at Liberty on why a claim would be turned down – your rights and...
Listen: From over-indebted to debt free in six months
Money Makeover winner Samke chats to Maya and Mapalo about her experience of struggling with debt from her first paycheque and how she achieved her goal of being debt free by the age of 27. Ahead of Youth Day, Samke’s story highlights the challenges around the lack of...
Massive ID fraud syndicate exposed
Between 2015 and 2018, over 84 000 consumer profiles were compromised as part of a massive ID fraud syndicate. This came to light when 15 men appeared in the Nigel Regional Court on 6 May on charges of fraud, theft, forgery and contravention of the Identification Act....
How much are you paying for credit life insurance?
If you have any credit facility or a loan, there is a good change you have credit life insurance. This is an insurance which settles the loan should you die or become disabled, and in some cases covers your repayments for a period of time if you are retrenched....
Listen: Does it make sense to switch your life cover?
Does your life policy have a surrender value and what happens to all those premiums you paid if you switch to another provider? If you are considering switching, what questions should you be asking? In this week's My Money, My Lifestyle Podcast, Maya (@mayaonmoney)...