Debt collectors set to lose with the newly amended National Credit Act
The changes to the act will mean that if a consumer had not acknowledged a debt for more than three consecutive years either verbally or in writing the debt was considered prescribed and had...
View ArticleAfrican wealth expected to more than double by 2024
According to the report, the number of ultra-high-net-worth individuals (UHNWI) in Africa with an asset base worth over $30 million (R371 million) is expected to grow by 59% over the next decade,...
View ArticleDrive to get local footballers financially fit
Soccer players are widely known for their penchant for flashy cars, lavish parties and living in the moment. The one thing many of them aren’t known for, however, is managing their finances well. The...
View ArticleBlack middle-class debt bomb is about to detonate . . .
South Africa currently has 8,3 million people considered to be in the middle class, of which 5,3 million are black, according to research conducted by the University of Cape Town’s Unilever Institute....
View ArticleGovernment measures to help consumers fight debt backfire
What’s more, of the 20 million credit-active consumers in this country, 47% are in arrears on their accounts by three months or more, have had judgments against them, or have had negative ratings on...
View ArticleTips on investing in art for first-time buyers
Not all South African art is going to give you such high returns as quickly and some brokers might suggest rather putting your money into medium-risk stocks and bonds. You’ll have a better chance of...
View ArticleApply these business strategies and optimise your personal finances
Managing a business profitably is not very different from managing your personal finances. Even the best business ideas can fail if the capital and revenue are not carefully monitored. Likewise, if you...
View ArticleBe credit savvy in your 20s
Debt is a reality everyone will face at some stage in life whether it comes in the form of a credit card, vehicle financing or a home or personal loan. “It is important to have had exposure to the...
View ArticleHow to save money on a shoestring budget
While BankServ Africa data shows that household take-home income has grown marginally to 14,93% as of March this year, sluggish economic growth and rising inflation are pushing up the daily cost of...
View ArticleHow to spend your tax return . . .
It’s tax season again, which means many of you will receive a little extra money to play around with. While it might be tempting to use the extra cash to splurge on that expensive pair of heels you’ve...
View Article20-something money blunders that will hurt your future
Your twenties are for self-discovery and establishing your place in the world. But more importantly, they’re also a life stage in which, if you’re not careful, financial mistakes you make could haunt...
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Save your spirits
Over the past few years, collectable whiskies have become one of the more lucrative exotic assets for investors looking to slake their thirst for profit. Each bottle of a new The Glenlivet collection...
View ArticleEntrepreneurship and banking
Starting and running a successful enterprise requires courage, patience, dedication, self-confidence and, above all, money. Lack of sufficient capital can make or break any entrepreneurial venture. As...
View Article7 of the most common insurance mistakes consumers make
Christelle Fourie, MD of MUA Insurance Acceptances, says most complaints are overturned because policy-holders don’t fully understand the terms and conditions and the level of cover provided by their...
View ArticleYour 8-step path to prosperity (Part 1)
Money is simply a credit or productivity exchange vehicle between the services that you provide and the reward that you receive. It’s also a vehicle that can translate your inspiring dreams into...
View ArticleYour 8-step path to prosperity (Part 2)
5. If the “why?” is big enough, the “how?” will take care of itself The size of your financial cause will decide your degree of inspiration to provide ever greater service and accumulate even greater...
View Article5 top places to invest in property in SA
“An investment in property is emotive and tangible – you can see, touch and feel it,” says Tshepo Matlala, CEO of the Indite Property Fund and Chairman of the South African Institute of Black Property...
View ArticleAll you need to know about pension-backed loans
SA’s Pension Fund Act allows funds to lend members money specifically for buying a new home or for renovating an existing house. With lenders cracking down on irresponsible lending practices, securing...
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