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Financial Planning

 

Financial Planning / 26-06-24 / Staff Writer

Time to think about debt-counselling sector as part of SA's asset management industry

“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,”…

Financial Planning / 19-06-24 / Tau kaVodloza

Early sunsets result in rising crime

“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,…

Financial Planning / 12-06-24 / Chris Smit

Don’t let business get personal – 5 tips to separate your financial ambitions

“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.

Financial Planning / 12-06-24 / Sisanda Ndlovu

The South African way of saving: old-school stokvel traditions meet new-school thinking

“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…

Financial Planning / 12-06-24 / Sisanda Ndlovu

5 things to keep in mind when buying your first car

"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…

Financial Planning / 05-06-24 / Chris Smit

Insurance check to ensure you're not under or over-insured

"Many policyholders fail to understand that insurance is not a static financial tool. Rather, it is a vital product that changes and requires amendment as the policyholder undergoes different lifestyle shifts such as moving homes, changing a…

Financial Planning / 05-06-24 / Sisanda Ndlovu

What you need to know to make sure insurance pays when you need it most

“Common mistakes are easy to avoid, but you must be proactive to get the true benefit out of a policy. During such an emotional event, when the time comes to claim, it can be a harsh realisation that policies weren’t kept up to date,” says Deidre…

Financial Planning / 05-06-24 / Sisanda Ndlovu

Personal finance check-in: Financial goals vs. New year's resolutions

"Regularly revisiting personal financial goals, you set out to achieve at the beginning of the year makes sense in order to best evaluate your spending habits and to ensure that you maintain a healthy bank account," says Thabo Qoako, Consumer…

Financial Planning / 05-06-24 / Tau kaVodloza

Why every entrepreneur needs a skilled financial adviser

“With the right adviser, you can navigate almost any financial challenge, optimise your strategy and quickly identify growth opportunities. Their advice is the wrench that fixes the leaky balance sheet, and it literally pays to know they know…

Financial Planning / 28-05-24 / Bruce Dickinson

Strategic Structuring: the keystone of startup success

"Startups must treat their initial structuring with the same priority as their product development and market entry strategies. This involves more than just legal compliance; it involves strategic foresight," says Bruce Dickinson, Partner from…

Financial Planning / 28-05-24 / Daniel Nkosi

Financial Well-being: Key to better mental health

"Research has shown that financial stability is closely linked to mental well-being. When individuals have control over their finances and feel secure about their future, they experience lower levels of stress and anxiety," says Lerato Thwane,…

Financial Planning / 22-05-24 / Chris Smit

Three tips to keep top of mind when buying a used car

"When buying a car, it’s important to have a full understanding of its mechanical condition, whether there are any faults with its exterior and interior, and if all the registration documentation is up to date and available. All these factors…

Financial Planning / 22-05-24 / Pieter Albertyn

Pieter Albertyn | Why entrepreneurs should worry about retirement

"Look at retirement savings as an opportunity to diversify. You can choose a fund that suits your risk profile perfectly. On some retirement annuities, you can take out capital and growth guarantees. You can also look for one that will keep…

Financial Planning / 22-05-24 / Dini Nondumo

Dini Nondumo | Protecting your side hustle in face of rising unemployment

"And while the freedom of working in the gig economy is understandably attractive, the downside is that, without the support of a traditional employer, workers are left vulnerable to a host of protection gaps," says Dini Nondumo, Head: Commercial…