Maya (@mayaonmoney) is joined by personal finance blogger Brendan (@Your_Money_Blog) to discuss Black Friday. They chat about their approaches to Black Friday, and offer some tips on online safety when shopping for deals.
Video: Investing for your child
One of the questions we receive quite frequently from our viewers is where to invest for their children’s future. The answer depends on what the investment is for. Saving for next year’s school fees would be a very different investment decision...
Early access to pensions mooted
Legislation will be introduced to allow early access to one's pension, but it's not an end-of-year bonus. In the medium-term budget address, Finance Minister Tito Mboweni confirmed that National Treasury will be introducing legislative changes to...
Accessing offshore shares via an ETN
Ordinary South African investors now have more options to access to global companies. Technology is making it easier and cheaper for South Africans to get exposure to shares in large global US-listed companies like Apple, Facebook and Netflix. This...
Safety tips when trading crypto-assets
By Wiehann Olivier, CA (SA) and Partner at Mazars South Africa While we wait for the experts to draw up a regulatory framework for crypto-assets, it’s crucial that you educate yourself on good practices for Virtual Asset Service Providers (VASPs)....
Lower medical premium increases thanks to lockdown
An unexpected side-effect of lockdown has been smaller-than-usual annual medical aid premium increases. Despite fears that the outbreak of COVID-19 would result in high claims from medical scheme members, and a resultant increase in the cost of...
Video: Financial resilience for self-employed people
The economic lockdown revealed how financially vulnerable self-employed people are. People in formal employment have certain protections stipulated by their employment contracts and UIF, but if you work for yourself, you must create your own...
Understand your tax liability if you have multiple sources of income
By Peter Stephan, senior policy adviser at the Association for Savings and Investment South Africa (ASISA) South African taxpayers with different sources of income are often shocked when they discover at the end of the tax year that pay-as-you-earn...
Video: Make interest-rate cuts work for you
When we began 2020, who could have imagined that mortgage rates would fall by almost one-third, decreasing from 10% all the way down to 7% percent. Economists are even predicting further rate cuts this year. While this has been great news for...
Stay on top of your repayments
Most agreements to suspend debt repayments or monthly premiums have come to an end. Make sure you understand how this will affect your finances. In the initial stages of lockdown, most banks, insurers and retirement product providers offered...
Previous Articles
Criminals want your personal information
With criminals constantly trying to access our personal information, we should behave as if our identity is compromised and act accordingly. In late August, credit bureau Experian notified the public that there had been an incident involving a fraudulent data inquiry...
Consumers’ biggest complaints
The Consumer Goods and Services Ombud recently released its annual report. Over the past year, it resolved over 8 600 complaints of which 65% resulted in a favourable outcome for consumers. The average turnaround time was 42 days. The CGSO is not an adjudicative body...
Borrowing from days already worked
A salary advance could be an attractive alternative to a traditional payday loan. A few years ago, I came across an article about how Walmart in the US allowed its workers to access a portion of their already-earned salary before month end. For example, if you have...
Video: Start that emergency fund
Most of us know that we should have some emergency cash stashed away for a rainy day, but how many of us actually do it? With the COVID-19 pandemic came job losses and salary cuts for many South Africans, and this in turn is shining a very bright light on how critical...
Video: Money mistakes for women to avoid
There are many money mistakes we all make that prevent us from reaching our financial goals and we could all learn better money habits. However, there are specific money issues that relate directly to women. To chat to us about the key money mistakes women need to...
Listen: How to invest for your kids
Whether you are saving for your child’s education or investing for their future, it's tough to know where and when to invest. When is a tax-free investment appropriate? Should you invest in your child’s name? And where should you save for those school fees? Maya...
Video: Your UIF questions answered
There’s been a lot of controversy and debate around the rules and regulations of the Unemployment Insurance Fund (UIF) since the beginning of the national lockdown. With more retrenchments and job losses looming, many people are wondering what their rights are and...
Be careful when claiming home office expenses
By Darren Britz, Admitted Attorney, and Laurence Mbokwane, Tax Consultant, at Tax Consulting SA Many South Africans who had to start working from home due to the national coronavirus lockdown imposed on businesses will not yet be able to claim home office expenses....
Listen: Women’s Day: Own your financial destiny
Is money really gender neutral? Maya (@mayaonmoney) and Mapalo (@womanandfinance) discuss why women face more financial challenges and how important it is for women to take control of their financial destiny. Click here for more posts on this topic.
Don’t fall for a WhatsApp get-rich-quick scam
The WhatsApp stokvel scheme that has been around for a while has now morphed into a “WhatsApp gifting circle”, but it is the same get-rich-quick scam, just under a different label – and just as dangerous and illegal. People are recruited to join a WhatsApp stokvel or...