One in four people can no longer afford to pay for medical aid, a flash survey among users of online financial guide, Justmoney.co.za, has revealed. As the price of medical aid premiums rises by an inflation-busting average of 9.11%*, adding to the...
Local listed property in South Africa is overpriced at current levels and investors should avoid the industry until prices are reduced to fair value. This is according to John Rainier, property analyst at value asset manager, RE:CM, who says the...
In line with its mission to promote good financial planning among all South Africans, the Financial Planning Institute will be offering pro-bono financial advice to South Africans across the country during the upcoming Financial Planning Week, from...
If you are new to investing on the JSE and are looking for a good way to get your feet wet or you feel more comfortable learning about investing with others than on your, you can start a share club where you research companies and to discuss...
"I'm sitting with some cash and would like to invest it so I can get good returns on it. I have no knowledge of the investment game but I am looking at a long term investment. I've noticed the buzz around Capitec Bank and I would like to ask you if...
Homeowners can reduce the term of their home loan and the total that they pay in with careful budgeting and clever tricks. A house is usually the biggest asset that you will buy in your lifetime, but it's made affordable by the 20-year term of...
Due to significant increases in share prices, some participants in company share schemes are receiving payouts of hundreds of thousands of rands. If you are one of those lucky individuals, you need to use this opportunity to build your wealth base...
Whenever you read anything about investing you hear words like volatility, risk and growth assets but how exactly does this affect your investment returns? There are two types of investors: one group is very risk averse and prefers to stick to...
We recently asked our readers to tell us about their financial goals. Saving for a child’s education beat all other goals hands down and is certainly a major priority for City Press readers. Let us just hope that our children will value their...
While it is very important to keep track of your day to day expenses as well as your longer term financial goals, you also need to ensure that your financial administration is up to date. If you need to urgently get hold of vital paperwork do you...
One thing all financially savvy people have in common is that they have a good handle on their money. They know how much they are worth, what they spend each month and where their money is going. They have savings goals and they understand their debt commitments. This...
In an effort to improve household savings which have declined over the last fifty years from over 6% to a negative 0.05%, National Treasury has made proposals which will allow investors to invest in a range of investment products tax-free. These products will include...
By restructuring the way we save for retirement we could halve the cost of retirement savings vehicles. The current model of annual fees and a lack of preservation is unnecessarily driving up retirement costs according to Anton Gildenhuys, head of Sanlam Personal...
A significant valuation gap has emerged in equities between consumer and retail sectors and resources which, according to Alexander Forbes’s Global Large Manager Watch, has resulted in divergences in returns between fund managers of over 10% in the last year - a...
“What to expect when you’re expecting”, the latest American blockbuster that was released in South Africa in June this year, put the spotlight on the journey by parents-to-be as they prepare to become parents for the first time. This is both an exciting and...
FNB property economist John Loos gives an overview of the residential property market The FNB House Price Index showed a further slowing in its year-on-year growth rate in August, from a revised 7.8% rate in July to 6.6% in August. The further slowing in the...
PODCAST How do you measure your financial health? By the amount you earn or the amount you save? Does your sense of financial wellness come from the car you drive and the house you live in or do you measure it by the amount of emergency savings you have and whether...
This is a very interesting press release from Discovery Health that argues that medical scheme costs are being driven by higher claims as more ill people sign up for medical schemes than healthy people. Actuarial research estimates that if medical cover was compulsory...
Every time we open the newspaper, switch on the radio or watch TV we are inundated by information on the imminent collapse of Europe and the impact it will have on global growth. As a result stock markets across the world are extremely volatile so share prices are...
Isaac shows how with discipline and a goal it is possible to build up a portfolio of properties on a limited salary that will one day pay you an income. It is important however to make sure that you do not over extend yourself and risk losing your entire investment....