"What we are building is much broader than the old bancassurance model. We are increasing our collaboration to provide the best financial service offerings through the most efficient means, at scale, and with enhanced innovation," says David…
“This solution is unique, as it allows you to borrow against your portfolio without having to break the term on your cash investments or liquidate your securities, which means that you are never out of the market. Liquidating assets to reallocate…
“It is very easy to get things like loans, but ask yourself if you are prepared for the repayments. If you lack the discipline, it can create a problem. It’s just too easy. Social media is not helping because we see others with things we want,”…
"There is a common misconception that financial advisers are only for the elite, for the wealthy, or for complex financial structures like offshore trusts. This is not the case, however, and establishing a relationship with a trusted, accredited…
"Advising on an investment strategy is pivotal; recommending a balanced approach ensures steady growth while protecting against significant value fluctuations over the savings period. Furthermore, long-term planning discussions should extend…
"While this is a very busy time for the South African Revenue Service (SARS), it is also a very busy time for scammers. Over the past five years, the SAFPS has noticed a growing trend of tax scams which are targeting individuals who are desperate…
"Consumers may not save as they would like to because they may see it as something out of reach and unaffordable. However, Stash was designed to make it simple to save, no matter your financial standing. We see saving as a catalyst for financial…
“The reasons behind low approvals include increased inability of consumers to meet debt obligations (also called ‘affordability’) and a likely reduction in qualification for credit – especially considering lenders being more risk-averse in the…
"While encouraging healthy lifestyles through fitness programmes and mental health support is vital, ensuring financial security in the face of unforeseen medical expenses is equally important. Employers play a significant role in ensuring their…
“South Africa has a world-class debt-counselling system, which has been proven to work. It’s conceivable that if more people sought help to manage their debt, the R15 billion being returned to the economy annually could be increased to R25 billion,”…
“Cold weather also makes for misted windscreens, which can impair visibility of your surroundings. Criminals often take advantage of darkness or bad weather to commit crimes such as carjackings, and robberies. And if you are walking in the dark,…
“It takes every ounce of effort to grow a successful business, but if it is eating into your personal life, it’s time to slow down and draw a line in the sand,” says Bertie Nel, Momentum Head of Financial Planning and Advice.
“Stokvels are an ingrained part of South African history, not only because they provide communities with a sense of social cohesion, but because they provide people with an effective way of saving money. These kinds of informal schemes play…
"Insurance should be a non-negotiable part of owning a car and, if you finance your car, it’s compulsory. You won’t be able to drive off the showroom floor without comprehensive cover in place, and you shouldn’t just cancel the cover once you…
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