Struggling consumers can expect to be hit hard in the next few months by a hike in the petrol price, which over the last two months has increased just short of one rand, the implementation of e-tolling, an electricity tariff increase of 16% and higher Metrorail fares. According to Henry van Deventer, financial planning coach [...]
Tag Archives | savings
More South Africans biting the bullet, cutting costs
South Africans have begun to heed the calls to rein in their short-term debt and curb spending, rather than continuing to be charged high interest rates. That’s the primary finding of the fifth Old Mutual Savings and Investment Monitor, released today (24 November 2011). Lynette Nicholson, chief researcher of Old Mutual, says: “These results indicate [...]
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Pressing need for savings education
• Decline in savings across all income groups • Polarisation of attitudes • Only 53% contribute to a pension or provident fund to save for retirement • 82% affected by recession • 82% want help in saving • Saving takes backseat after cutting costs and reducing debt South Africans’ savings habits were placed firmly [...]
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SASI to launch July Savings Month
No less a personage than Trevor Manuel emphasised the need for a strong savings culture by all sectors and to improve the savings rate to boost South Africa’s economic growth when he launched the South African Savings Institute (SASI)10 years ago. The Institute mandated to encourage a savings culture among South Africans and carved [...]
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The Retirement Paradox
By John Williams, The Retirement Planning Bureau Paradoxically our retirement is currently being prepared for us whether we are actively involved with it or not. If we choose not to participate (and many make that choice) then we can look forward to a stressful retirement because there will, in all probability, be less than sufficient [...]
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Consumers struggle to shrug off debt
By Dr Sheshi Kaniki, senior economist at Momentum The latest Credit Bureau Monitor prepared by the National Credit Regulator (NCR) shows that the number of consumers with impaired credit records increased marginally from 8.59 million in the quarter ending September 2010 to 8.61 million in the quarter ending December 2010. This represents 46.5% of all [...]
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Tax Guide 2012
Latest Issue - 30 April 2012
In This Issue:
- Local and offshore ETFs
- Why stock selection is key
- Medical Survey - the cost of healthcare
- New player in life insurance market
Newsletters
Newsletter 17 May 2012: Lump sum versus debit order, 3 essentials for a confident investor
In today’s newsletter we look at investing with a lump sum or regular contributions – how do they stack up against each other? We also share three investment tips to cope with uncertainty. Being right about muddle-through hasn’t made investing any easier Most predicted that politically and often economically the year 2012 would be a [...]
