“Short-term credit has become a coping mechanism for many households, particularly during high-pressure periods such as the holidays. While credit can be a useful tool when managed responsibly, sustained reliance without a clear plan can undermine…
"Estate planning focuses on how your assets will be managed and distributed after your death. It ensures your wishes are honoured and helps minimise taxes and legal complications for your heirs. Retirement planning, on the other hand, focuses…
"Parents are raising children in a world where the rules have changed. The future is unpredictable, but one thing is certain: children will need more education, more upskilling and more flexibility to succeed. That requires early and intentional…
“Summer brings great opportunities to earn some extra cash, whether it’s turning a skill, hobby, or spare time into real money. With a little creativity, you can avoid December debt stress and the infamous ‘Januworry’,” says JustMoney’s head…
“Many Isle of Man trust administrators, lawyers and accountants are themselves South African. This dual perspective is truly invaluable. They understand both the regulatory requirements and the cultural nuances that shape South African wealth…
Andile Jonas, Head of Marketing at Momentum Savings, points out that research confirms that goal-based saving is more motivating and sustainable than saving “just in case”.
“If you’re concerned about your ability to continue meeting your repayment obligations should you lose your income, it's worth checking what existing cover you may have. You can confirm this by contacting the credit provider,” says Gavyn Letley,…
"South Africans who gamble spend between R2,000 and R6,000 per month, with up to 50% of their income dedicated to betting. Lower-income earners spend their salaries on gambling in the hope of making money, while high-income earners choose gambling…
“Of those who apply for debt counselling, 95% have a personal loan, and 57% have a payday loan. A further 22% use overdraft facilities regularly. Vehicle debt also seems to be increasing and is now making up a substantial portion of the incoming…
"Corruption remains endemic, but what's changed is the way it's executed. We've moved from brown envelopes to hacked emails. The tools are modern, but the motive remains the same," says Keeran Madhav, Director of Forensics and Cybersecurity…
"As we live longer, families are juggling wealth across three and sometimes four generations. Instead of receiving inheritances in their 40s or 50s, many heirs only inherit much later in life, often when they are already retired themselves,"…
"Choosing the right annuity is not just a matter of income, but of legacy, proper planning, and peace of mind. Advisers who guide their customers through these nuanced choices help ensure that retirees not only enjoy financial security but also…
"Many think they are adequately covered through their employer benefits, but these often fall far short of actual needs. The gap becomes painfully clear when an accident, illness, death or retrenchment happens. Without sufficient cover, the…
"These scams work because they tap into urgency – whether it's a limited-time discount or an invitation to register for a "free" giveaway or product hamper that asks for your details. If something feels rushed or suspicious, take a step back…
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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