Each year, shortly after the President gives the annual State of the Nation Address, the Minister of Finance delivers the Budget Speech – where, as a representative of the National Treasury, the Minister will announce what allocation of funds and what taxes will either be created or altered to deliver on the aims and objectives outlined in the State of the Nation Address. This year, F...
Read More..Investing is where you purchase assets, items, or invest into funds with the hope of growing your money through interest – but what are some of the most popular options that new and experienced investors choose? In this article, the 6 investment forms we’ll look into are: Money market accounts Unit trusts Share trading Index funds Foreign exchange trading Property Remember, there’s...
Read More..South Africans can use many inventive ways to save money – from joining a stokvel to managing data expenses, we provide some great suggestions. Join a stokvel A ‘stokvel’ is a saving scheme or club in South Africa, where members (usually up to 12) will each contribute money towards one single fund on a regular basis, which can be daily, weekly, or monthly. The term ‘stokvel’ refers to...
Read More..The Repo Rate and Prime Lending Rate can affect home loan and vehicle finance repayments – but what do these terms mean? We explain in more detail. What is the Repo Rate? When you borrow money from a commercial bank, that money isn’t waiting in a vault – instead, commercial banks, such as Standard Bank, FNB, Capitec, ABSA or Nedbank will instead borrow large sums of money from the S...
Read More..Many celebrities have had to overcome financial difficulty - from Oprah Winfrey to JK Rowling. We share amazing money stories to motivate you this new year. Entering a new year can be either an exciting or daunting financial challenge. Each January, we have the opportunity to pause, reflect, re-adjust and re-evaluate our financial goals to greater success throughout the year. If you...
Read More..With the start of a new year and decade, now is the time to set your financial priorities. This easy-to-follow guide can help you set yourself up for success! Look at your needs and life stage Everybody’s daily life is different, and can invite varying financial pressures, successes, stresses and inconveniences. Taking an honest look at your own situation is the first major step to...
Read More..Debt management is when you actively prioritise, plan, and control your repayments on various loans, bonds, or other forms of credit. To manage your debt, you’ll always want to follow best practices and avoid taking on too many loans. Here, we’ll run through how you can take proactive steps to become debt-savvy, and what to do if you feel that you’ve borrowed too much. Remind me, what...
Read More..For many of us, the start of a new year is a stressful financial period after the expense of enjoying the festive season. For this reason, the term ‘Januworry’ has only become more popular! While December can be a difficult month to manage financially, there are several practical things you can do to help manage your cash flow, identify investment opportunities, and potentially save...
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