“Your first salary can create an illusion that you have more money than you actually do,” he says. “The excitement of earning often leads to spur of the moment decisions that become monthly commitments which become years-long financial burdens,”…
"You might want to upgrade your wardrobe, treat your family, or finally buy that car you’ve been eyeing. But this point is where many young South African professionals fall into a subtle, wealth eroding trap known as lifestyle creep," says Anri…
“Getting a headstart on establishing a credit history early, and understanding how to successfully manage it, can improve your chances of accessing substantial credit later in life. Your credit profile is like your financial track record," says…
"Your first salary is far more than a deposit notification on your phone. It is the beginning of your financial life. Whether it becomes a foundation or a fleeting moment depends almost entirely on the choices you make in those first few months,"…
"Many people do not realise how much money quietly leaves their accounts through convenience spending and emotionally driven purchases. Individually, these expenses may appear insignificant, but collectively and consistently over time, they…
"Before building a financial plan, you need an honest assessment of where you stand. This includes evaluating your income, expenses, debts, assets, and savings. Equally important is understanding your risk profile, in other words, how comfortable…
"As South Africans navigate an increasingly complex economic environment, one profession is rapidly emerging as a premier destination for this exact blend of purpose and prosperity: professional financial planning and advice," says Aubrey Faba,…
“A small detail that consumers don’t always consider is that our country’s Policyholder Protection Rules do offer some relief and that if a funeral policy is reinstated by the same insurer, a new waiting period cannot be imposed," explains Provincial…
“For many people, lapsing a policy isn’t a deliberate choice; it’s often the result of cover that didn’t quite fit their reality to begin with. Sustainable insurance starts with honest conversations about affordability and needs. When cover…
"In this environment, protection is a proof of care. Employers are no longer just providers of a paycheck; they are key enablers in supporting employees through these volatile periods," says Siyasanga Kashe, Executive: Member Solutions at Momentum…
“Regularly checking your balance, tracking progress, and making adjustments where necessary helps prevent surprises at month-end because budgeting is not a once-off event, but a continuous behaviour,” says John Manyike, Head of Financial Education…
“Environmental experts warn that severe weather is no longer an occasional occurrence, but an increasing risk for households, businesses, and communities. Understanding where your family is vulnerable, and making small investments or policy…
"One of the most common misconceptions is that a Will can be used to completely exclude dependants. The law places strong protections around minor children, regardless of what the Will states," says Carin Meyer, Product Head: Wills and Deceased…
"For South Africa, which imports most of its fuel, global oil price increases are about to be felt directly at the pump. This week's adjustment will raise petrol prices, with the broader impact unfolding over time as higher transport costs filter…
Insurance Biz is a New Africa Busines News Services (NABNS) publication launched in 2013 to focus on the insurance industry, investments, financial planning, employee benefits etc. It remains a great resource of news for industry professionals, and for those who seek to learn about the financial sector developments.
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