On 1 March 2024 there will be a radical change affecting everyone who is a member of a retirement fund, with the implementation of what has come to be known as the “two-pot retirement system”. Update: The two-pot system will now be implemented on 1...
Many South Africans are finding themselves supporting their aging parents, thanks to the combination of a tough economy and insufficient retirement funding. But it’s critical to plan this key transition carefully to ensure your own finances stay on...
September is Wills Month and in this podcast, we discuss how you can use your will to protect your child’s legacy. Maya speaks to Alex Simeonides, CEO of Capital Legacy, about how parents can navigate the complexities of estate planning. Navigating...
An important aspect of financial wellness is mental wellness. Financial stress can cause emotional stress: it impacts our relationships and our workplace. As part of this year’s Money Makeover Challenge, I had a discussion with Dr Lesego Rametsi,...
In this podcast, Jean Rossouw, Head of Financial Education at Capitec, and Nick Harris, Head of Financial Crime at Capitec, explain to Maya how various bank scams work, how to identify a scam before it is too late, and what to do if you are a...
In this podcast Maya speaks to Deane Moore, CEO of the Just Group about how to use a guaranteed annuity to boost your retirement income, even if you are already in retirement. If you have a retirement annuity or a pension fund, you should know that...
The 2023 City Press/Absa Money Makeover Challenge has begun. This is the seventh year where I will work together with a team of Absa financial advisers to coach six contestants on their six-month journey to financial health. In this podcast I chat...
Welcome to the final podcast of the Emotions and Money series, where Maya and Paul Nixon, head of Behavioural Finance at Momentum, delve into the concept of the Money Fingerprint. During the COVID-19 period, South African investors destroyed over...
Perceived Risk vs Actual Risk In this podcast, Maya and Paul Nixon, head of Behavioral Finance at Momentum, delve into the subject of perceived risk as it relates to investing, looking at issues such as how much risk you can truly afford to take in...
How your biology affects your financial behaviour In this fourth episode of our "Emotions and Money" series, Maya and Paul Nixon, head of Behavioural Finance at Momentum, discuss the impact of our biology on our financial decision-making, and how...
On 24 April 2023, seemingly out of the blue, SARS updated its "Manage Your Compliance Status” webpage and announced a “new enhanced” Tax Compliance Status (TCS) application form. This new process might make things quite a bit more complicated for those who wish to...
In the third episode of a six-part podcast series entitled “Emotions and Money”, Maya chats with Paul Nixon, head of behavioural finance at Momentum Investments, about the key behaviours that make a successful investor. They also look at the impact Covid has had on...
In the second episode of a six-part podcast series entitled “Emotions and Money”, Maya chats with Paul Nixon, head of behavioural finance at Momentum Investments, about the different personality traits and how your personality could be affecting the way you manage...
In this first episode of a six-part podcast series entitled “Emotions and Money”, Maya chats with Paul Nixon, head of behavioural finance at Momentum Investments, about “behaviour tax” ‒ the true cost of our poor investment decisions. What is behaviour tax? Research...
The City Press Money Makeover Challenge is once again open for applications. There are only six places available so only the most committed applicants will be considered. If your debt keeps you awake at night and your money is running out long before month end, or if...
In this podcast, Maya and Moroka Modiba, author of Think Yourself Rich, discuss how newlyweds should start managing their finances together, why a household budget is important, and the shared goals that need to be discussed. Moroka also unpacks the various...
There have been mixed reactions to Minister of Finance, Enoch Godongwana’s annual budget speech this week. The general feeling is that while the financial manoeuvrings by National Treasury are commendable, there appears very little faith in government’s ability to do...
If you want to stop paying tax in South Africa, you need to prove your tax non-residency status to SARS – which is not a simple matter. In this podcast, Maya chats to expat tax attorney Martin Bezuidenhout of Tax Consulting South Africa, about what you need to do to...
In this podcast, I chat to certified financial planner Wynand Gouws, wealth manager at Gradidge Mahura Investments and author of To 100 and Beyond. He argues that a retirement strategy aimed at optimising only pre-retirement tax savings is short sighted, and that not...
2022 Money Makeover runner-up Zinzy says that when she entered the money bootcamp six months ago, she needed to find the courage to have difficult discussions with people who owed her money. In this podcast discussion, Maya (@mayaonmoney) is joined by both Zinzy and...