Marilyn Monroe, Marla Maples, Michelle McGee, and Kristen Stewart – all successful women in their own right, with one controversial commonality – they were mistresses to married men. The term ‘mistress’ is an inflammatory one – a name as...
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Tax tips for freelancers or sole traders
We’re one month into tax filing season, and millions of South Africans are planning to file their annual returns within the given time frame. For many people who have left corporate employment to start a home-based business or join the gig economy,...
Are you trading with an unregulated forex broker?
By Daichi Hoang of bestforexbrokers.com. If you currently trade forex or have been thinking about it, the broker you choose to deal with will have a lasting impact on your experience. Pick the wrong one and you might be putting your entire capital...
Treasury’s plans for income earned overseas
The South African Revenue Service (SARS) has published its proposed amendment to tax the income of South Africans working overseas. If this amendment to the foreign employment income exemption is passed, it may come into effect in 2019. Tertius...
Stressed out about money
The middle class is stressed out financially, but how much is a result of our lifestyle choices? Seven out of ten middle- and upper-income earners say that they are experiencing financial stress according to the annual retirement study conducted by...
Could tech wearables change our money habits?
For the last few days I have been trying out the Sanlam MNA NAM bracelet which is marketed as a fashion accessory that makes you think about money. There are two aspects to the bracelet which has been designed by top South African fashion designer...
Buy-aid schemes: an alternative to bank rewards programmes
I have to confess that the concept of a buy-aid scheme is new to me, yet it is an industry with a turnover of well over R1 billion and annually pays out in the region of R130 million in bonuses to members. Cape Consumers, which recently re-branded...
Don’t neglect your share portfolio
By Geoff Blount, MD, BayHill Capital Half the year has gone, so it’s a perfect time to assess your share portfolio. Many investors who run their own portfolios via their stockbrokers often end up with a “neglected portfolio” or become frustrated...
If you fall behind on maintenance payments your pension may be at risk
Your retirement fund can be attached for both arrears and future maintenance payments. One of the main benefits of a retirement fund is that your investment is protected from creditors – that is unless you fall behind on your maintenance payments....
Consumers are starting to manage their credit better
Tighter lending criteria as well as consumer awareness is resulting in an improvement in debt levels. The latest figures from the TransUnion SA Consumer Credit Index suggest that South African consumers are starting to wean themselves off credit...
Previous Articles
EasyEquities launches US stocks offering for SA investors
If you’ve always wanted to invest in American stocks and shares, such as Facebook, Google or Apple, then you’re in luck because online stockbroker EasyEquities will soon be offering South Africans the ability to do this via its platform. The service should be...
Uber or drive? There’s an app for that.
An app is available that compares the cost of Uber to driving yourself. Upon returning to India after living in the UK for five years, Nishil Kohli noticed that Uber had made having a car redundant as its service is extremely cheap in India. He decided to create an...
Save your windfall
Receiving relevant financial information when you need it is the holy grail of financial education. If you can reach people at a time when they need to make important financial decisions, you can guide them to make the best decision for their future. How many people...
Tax options for freelancers
As a freelancer should you form a company or remain a sole proprietor? During periods of weaker economic growth, companies are more open to using freelancers or contractors to reduce their cost-to-company spend. It also creates employment in an economic environment...
Why we fall for investment scams
Our need to believe in miracles and magic makes us susceptible to tricksters. Listen to Maya discussing this topic on Classic FM with Tamara LePine Williams I was recently watching the Carbonaro Effect, a TV show where a magician plays practical tricks on the public....
Investors may lose millions in suspect forex trading scheme
The Financial Services Board has confirmed that Profit Trading, which continues to operate, never placed any trades. Since publishing a reader’s complaint about forex trading platform Profit Trading, City Press has been receiving complaints from other angry investors....
How much do you need to retire?
At a recent investor roadshow, Richard Carter, head of product development at Allan Gray, provided some figures to illustrate how much you should already have saved for retirement, based on your current age. Carter worked on the assumption that to retire with 75% of...
General Motors exits South Africa – now what?
How will General Motors’ departure from South Africa affect those motorists who have bought or are considering buying Chevrolet, Isuzu and Opel vehicles? General Motors (GM) has decided to exit the South African market by the end of 2017. This means it will cease all...
Reader falls victim to Profit Trading forex scheme
Des wrote to City Press after being defrauded by forex trading company Profit Trading, a business that claimed to invest clients’ money into an automated forex trading system. “I am one of those investors who had taken every little cent I had and invested it with him....
FNB launches new products as part of price review
Last week FNB released its price review for the next year (effective July 1st), with a few tweaks and changes, and two new product offerings. Banking for kids and students FNB has rebranded its youth offering with the launch of FNBy, which I must admit is compelling...