When you build and manage your investment portfolio yourself, this is often called DIY (do-it-yourself) investing. In this article, we explore the pros and cons of DIY investing and how to get the most out of your strategy. South Africans are...
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Listen: Unlocking financial freedom
Introducing the Santam Insure Your Future Money Bootcamp podcast series. Are you ready to take control of your financial future? The Santam Insure Your Future Money Bootcamp podcast series is here to guide you through a transformative journey that...
Tax debt? Take action now!
SARS is upping its debt-collection game, so if you’ve got tax debt, now is the time to do something about it. If you are in debt with SARS or have received a notice of final demand, there’s no need for panic, says Thomas Lobban, Tax Legal...
Deposit insurance offers protection for retail investors
The South African Reserve Bank has launched the Corporation for Deposit Insurance (CODI) which manages the country’s new Deposit Insurance Fund (DIF). This is a dedicated insurance fund that provides protection for bank deposits of up to R100 000...
Listen: How to bounce back from divorce
In this episode of the My Money My Lifestyle podcast, host Maya Fisher-French delves into the financial complexities of divorce with financial planner Kirsten Smit of Citadel Investments. They explore the alarming rise in divorces, particularly in...
Is your mental health harming your finances?
The prevalence of mental health disorders in South Africa is among the highest in the world. This understandably affects the way we manage our money. South Africans have a unique set of circumstances that makes many of us particularly vulnerable to...
Listen: Are we spending too much on our families?
In this episode of the My Money, My Lifestyle podcast, I am joined by financial adviser Munya Shumba to address a critical yet often-neglected aspect of financial planning: prioritising your own financial future rather than solely focusing on your...
How to navigate the money choices we must make
How do we live today without being careless about tomorrow, asks Pieter Albertyn, Head of Product Solutions at Momentum Investo. In his State of the Nation Address, President Cyril Ramaphosa used the example of a child called Tintswalo to...
How your employer can offer financial assistance in tough times
Many South Africans are experiencing severe financial challenges, and some turn to unregistered lenders for quick cash solutions. However, if you’re employed, your company might be able to provide some financial assistance. We all know that South...
Complaining made easier
The creation of the National Financial Ombud Scheme will make it much easier for consumers of various financial products to find redress. The financial industry has mechanisms for dispute resolution that consumers are often not aware of. These are...
Previous Articles
Listen: Navigating the financial waters as a young graduate
Congratulations! You've tossed your graduation cap, landed your first job, and are ready to dive into the real world. But with the excitement of your first paycheque comes the daunting realisation of adult responsibilities: rent, groceries, car payments – and let’s...
Five stock market myths keeping you from building wealth
Wendy Myers, Head of Securities at PSG Wealth, looks at some myths that are prevalent among South Africans when it comes to the idea of investing in the stock market. When it comes to the world of investing, many people have no idea where to start, how to invest, and...
TikTok: a cesspool of financial scams
While there is certainly good financial education content to be found on social media, there are also numerous scams and unethical practices, and TikTok is no exception. In fact, the massive increase in TikTok’s popularity has seen a massive increase in financial...
No change to 2024 income tax tables, but watch out for bracket creep
Beatrie Gouws, Tax Director at BDO, and David Warneke, Assoc. Prof. and Tax Partner at BDO, share their insight into the implications of the 2024 budget for taxpayers across all economic tiers. South Africans breathed a collective sigh of relief as the 2024 budget...
Stay away from too-good-to-be-true promises!
MMM Krypto and Tumi Links are two of the latest scams doing the rounds online. Every week I receive an update from the Financial Sector Conduct Authority (FSCA) warning about scams. Unfortunately, when people are caught out, there is nothing our regulators can do as...
You may be liable for your spouse’s tax bill
What being married in community of property means for your taxes If you are married in community of property you may be surprised to discover that 50% of your spouse’s tax liability from investment income (such as interest, rental income, dividends, and capital...
Listen: Unpacking the national budget: where your taxes really go
Every year, the announcement of the national budget grips the attention of ordinary South Africans and experts alike. But what does it really mean for you and me? In this latest episode of the My Money, My Lifestyle podcast, we cut through the jargon to bring clarity...
A view on the 2024 budget speech
Sanisha Packirisamy, economist at Momentum Investments, picks up on some key focus points from the 2024 budget speech delivered by Finance Minister Enoch Godongwana. Committing to maintaining sustainable public finances proves to be challenging amidst a geopolitically...
Red hearts to red flags: spotting love’s financial warning signs
Farzana Botha, Communications Manager at Sanlam Risk and Savings, and Lee Hancox, Head of Channel and Segment Marketing at Sanlam, present a guide to ‘relationship financial flags’, helping South Africans navigate the complexities of love’s financial dynamics this...
Commit to your financial goals
"Present bias" can lead us to procrastination, impulsivity, and poor decision-making when it comes to achieving our financial goals. Making New Year’s resolutions is a popular way to set goals for the upcoming year and make positive changes in your life. However, many...