News & Insights
How To Spring Clean Your Financial Habits
Whether you celebrate spring on the first of September or on the 22nd of the month to coincide with the September Equinox – the official start of the new season – the fresh season brings with it an opportunity to spring clean your finances. Below Noluyolo Betela, client relationship manager at Allan Gray, discusses which financial ...
September 21 2020 By Noluyolo Betela - Allangray.co.za
Personal Investing
Tips For Parents To Save For Their Kids' School Fees
While families have a number of financial commitments to attend to every month, this is the time of year where school funds are often moved to the top priority to ensure that the family is financially prepared for the expenses that accompany a new school year.
Saving for a child’s education requires careful consideration and proper planning....
September 10 2020 By Nico Coetzee, for Moneyweb
Financial Planning
3 Golden Financial Management Rules
Although the term alone might seem scary for some, there are only three basic things to consider when it comes to financial management to ensure your money is well taken care of. Plan, take control and make decisions.
Plan
If you haven’t set a goal for yourself, how will you know when you reach it? Think about short-term (groceries, rent, d...
August 25 2020 By Noble Wealth Management
Financial Planning
What I wish I knew about personal finance and investing when I started working
A first pay cheque tends to mark the start of adulthood and, with a bit of discipline, can mark your first tentative step towards financial independence. Phiko Peter reflects on his journey thus far, offering four key takeaways for those starting out.
1. Get into the habit of saving from your first pay cheque
Reflecting on my early 20s I remember...
August 17 2020 By Phiko Peter - allangray
Personal Investing
When the reality of saving for retirement sets in
As you approach your peak earning years and start to reap the rewards of the time and effort you have invested in your career, saving for retirement takes on a new sense of urgency. Having crossed the halfway mark in his career, Sikho Tatana shares his approach to long-term investing and sheds light on the lessons he wishes he had learnt sooner.&nb...
August 11 2020 By Sikho Tatana - allangray.co.za
Personal Investing
My Precious: Gold makes a comeback
An interesting trend has emerged out of the depths of the current crisis: Gold has made a stunning comeback. Recently it surpassed $2000 for the first time in history[1] after languishing for much of the past decade. Right now, gold is the consensus trade in portfolios.
This trend goes hand in hand with another phrase which has recently been...
August 08 2020 By Fundhouse
What advice would I give to the 30-year-old me?
Your 40s are known to be a challenging decade financially, typically balancing the demands of lifestyle costs, children and their education, ageing parents and making increased space for retirement savings. Establishing good habits in your 30s helps. Tamryn Lamb shares some advice she would give to her 30-year-old self.
There was a time...
August 03 2020 By Tamryn Lamb - allangray.co.za
Personal Investing
Personal finance mistakes to avoid in your 20s
Nomi Bodlani reflects on common personal finance and investment mistakes investors tend to make in their 20s. If you can avoid these, you can better position yourself for financial success in your 30s and beyond.
I remember looking at my very first payslip and being completely shocked that the take-home salary, around which I had...
July 29 2020 By Nomi Bodlani - allangray.co.za
Personal Investing
Five tips to free up some extra cash
The Coronavirus pandemic has placed a financial strain on many South Africans, from retrenchments, to salary cuts, to taking care of loved ones who have fallen on hard times. Being able to cut down costs and free up some extra cash has never been more important. But where do you start if you’ve never had to do this before? While there’s...
July 23 2020 By prudential.co.za
Personal Investing
How to bounce back after being retrenched
Being retrenched has become a normal setback in many people’s working lives and could lead to something positive if approached with resilience and a productive mindset. So what strategies should you consider?
Bouncing backLosing your job can affect your confidence and raise self-doubt, not to mention the financial strain and anxiety you may ...
July 14 2020 By Kim Howard, Human Capital at Ninety One
Retrenchment 101
Due to the economic impact of the COVID-19 pandemic, many South Africans are facing retrenchment and must make some difficult decisions. With that in mind, we have compiled this guide to assist in explaining the different options available in respect of severance benefits and retirement fund benefits on retrenchment, as well as their tax implicatio...
July 06 2020 By Janine Langenhoven and Salome Young - Ninety One
Personal Investing
Four financial lessons from life under lockdown
The Coronavirus n South Africa has brought a new way of living – social distancing, no walking the dog, no drinks at the local cafe, and no non-essential shopping, among many other prohibitions. And while we are surely missing these parts of our lives, we have been forced to make the best of them and adapt to the “new normal” &nda...
June 29 2020 By Lynn Bolin - prudential.co.za
Personal Investing
What can we learn from past economic crises?
You’ve seen the headlines and you know that the Covid-19 pandemic – along with South Africa’s already-fragile economy – has caused local markets to sell-off sharply. Although we’re starting to see some form of a recovery, many inexperienced investors are still nervous and a...
June 24 2020 By Prudential.co.za
How to manage your money during a pandemic
You’ve heard the bad news and you’ve read the scary headlines. The COVID-19 pandemic is taking its toll on human lives, economic growth and financial markets. With businesses closed and jobs being lost, the big question is: what should I do (or not do) with my money and investments? To help you out, we’ve listed fiv...
June 22 2020 By Prudential.co.za
Personal Investing
Look after your financial health during COVID-19
With the COVID-19 pandemic spreading across the globe, remaining healthy is naturally top of mind. While we are all prioritising the health and wellbeing of ourselves and our families, it is important to also pay some attention to our financial health.
While life as we know it has been turned on its head, remaining rational when it comes to your i...
June 17 2020 By Lettie Mzwinila - Allan Gray
Personal Investing
Crisis? What Crisis?
While the world around us feels like it is falling apart, you might be forgiven for missing the fact that many investment markets, including our own, have mostly recaptured losses and in some cases are making new highs. How can the value of assets such as equities fall by 40% and then fully recover, all within a matter of weeks? The past few weeks ...
June 09 2020 By Fundhouse
Markets & Investing
Making the most of personal tax incentives
Tax efficiency is a key aspect of a healthy financial plan, yet many investors fail to take tax into account when looking at how they can maximise their potential investment returns. By considering the tax implications of our financial decisions and incorporating existing product-related incentives into our long-term investment strategies, we can i...
June 03 2020 By Carrie Norden - allangray.co.za
Personal Investing
Opinion: Counting the economic cost of South Africa's lockdown
As South Africans, we want our country to prosper and the quality of life for all those living within our borders to improve. Millions live in total poverty and rely on family or intermittent work to get by: life is tough, and often short, as malnutrition and hardship take their toll. The most effective way to lift people out of poverty and improve...
May 12 2020 By Andrew Lapping - allangray.co.za
Markets & Economy
The world after the COVID-19 pandemic
We are witnessing a global economic collapse without precedent in modern times. As investors we must think about what the world will look like when the pandemic has passed. This is difficult to do because the information we have is so uncertain and fragmentary. Sandy McGregor offers his thoughts on some of the features of the post-pandemic world.
...
April 30 2020 By Sandy McGregor - allangray.co.za
Markets & Investing
Mboweni announces second wave of tax measures to help South Africans - everything you need to know
In line with president Cyril Ramaphosa’s announcement of a R500 billion coronavirus relief package, National Treasury has published further details on its second set of measures that aim to assist individuals and businesses through the pandemic.
The measures will help businesses focus on staying afloat and paying their employees and supplier...
April 23 2020 By Staff Writer - businesstech.co.za