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...
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,...
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,...
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...
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...
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...
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...
Soft loans and payment holidays are available for restaurants still battling to survive the pandemic. At the beginning of May, my favourite local coffee shop closed its doors after 20 years of trading. My neighbourhood shopping centre, which caters...
David Thomson, Senior Legal Adviser at Sanlam Trust, shares some practical tips about the financial side of divorce. The news of Bill and Melinda Gates filing for divorce after 27 years of marriage sent shockwaves through the philanthropic world....
In this interview with financial planner Kim Potgieter (@KimPotgieterM3), Maya (@mayaonmoney) discusses Kim’s new book Midlife Money Makeover. The book delves into how our relationship with money and those money stories we grew up with either help...
Freedom to have your car repaired by a non-dealer will increase competition and reduce the cost of repairing and insuring your car. A couple of years ago when I was buying a second-hand car that didn’t have a service plan, I discovered what a rip-off my dealership had...
A lack of emergency savings left households vulnerable to the economic shock of Covid-19. The last five years have been tough for South African consumers as salaries failed to keep up with inflation, unemployment grew, and debt levels increased. This left us extremely...
Pieter Hundersmarck, fund manager at Flagship Asset Management, wants us to learn from history when it comes to the factors that could trigger a market crash. While the future is unlikely to be an exact repeat of the past, history is full of valuable lessons. These...
Ramesh Ramdeen, Head of Fraud at FNB Wealth and Investments and Ashburton Investments outlines some key things to look out for to avoid becoming the victim of fraudsters. Investment and financial fraud is on the rise across the world. Each day thousands of people are...
“So many of us are bonded to our idea of wealth even though it isn’t working for us or the planet, because of the very nature of our relationship with money,” says John Sanei (@iamjohnsanei), futures strategist and bestselling author. “We expect money to fulfil our...
Virtual cards offer more protection when you’re making purchases – especially online. Angelique Ruzicka finds out how they work. Shopping online has always come with risks, especially when it comes to fraud, but the introduction of virtual bank cards is doing much to...
Kyle Wales, fund manager at Flagship Asset Management, says that we should consider offshore investment for the right reasons, not simply because we fear rand weakness. Many investors base their decisions to invest offshore purely on their subjective assessment of the...
When investing, sometimes the best course of action is to do nothing. Having the ability to block out the noise, and look through the cycle, are some of the cornerstones to investment success over the long term. Nomi Bodlani, head of strategic markets at Allan Gray,...
If you're looking at taking out a home loan, it may be worth enquiring whether you can use your pension fund as a guarantee for the loan. A pension fund is permitted by the Pension Funds Act to lend a member an amount of money for the purposes of purchasing or...
South Africa is moving from a framework of exchange control to capital-flow management, but what does that mean for the ordinary South African investor? Over the last few years, exchange control for individuals has been incrementally lifted, making it easier for South...