When the bonds of marriage are declared irretrievably broken down, there is a myriad of administrative issues that need to be resolved. One of these issues relate to immovable property that is owned in the joint names of both parties to the dissolved marriage.
In early 2020, life insurer FMI (a Division of Bidvest Life Limited) partnered with Cover Magazine and finance journalist Mapalo Makhu of Woman & Finance in releasing a five-part podcast series on all things life insurance and Income First.
Retired South Africans who own homes but are cash-strapped may now apply for a loan, or “reverse mortgage,” suggested in a recent policy paper by the World Bank as a way to supplement pension income.
Stokvels continue to grow, the banking group hosted a webinar on where Sifiso Nkosi, head of stokvels and group banking at FNB, said while the company had expected a decline in stokvel savings from March when the lockdown kicked in, stokvels had grown by high double digits compared to March…
When she looks back at her childhood, her early adulthood and her work experience, becoming an entrepreneur is in her blueprint. She was raised by entrepreneurs so before she knew what entrepreneurship was, she was being moulded by it.
Whether you’re spooked by local politics, nervous about the economy, or just feeling like there may be better options outside of South Africa, you may be thinking about investing offshore. But what exactly does that mean, and how do you go about doing it?
South Africans are known to be poor savers. Instead, South Africans are prone to spending more than they save, even when they can’t afford to do so. When it comes to retirement, millions of people are having to rely on family and to a lesser extent the state pension grant…
Born in the DRC, and raised in South Africa off the back end of apartheid, Harmony grew up surrounded with the happy influence of a multitude of cultures. He is fluent in French, for instance, while the crèche he went to had many Afrikaans coloured children - and it was…
How economic indicators affect your personal finances. South Africa’s first-quarter expenditure on gross domestic product (GDP) contracted by 2.3% in quarter-on-quarter terms after contracting by 1.2% in the fourth quarter of last year, the statistics agency said today.
Any benefit you gain or profit you make from an investment, whether through interest earned, profit on the growth of your investment, or dividends that have been paid to you, is subject to tax. While there are ways to invest tax free, such as in a tax free savings account…
Get the latest updates in financial news including personal wealth management on My Money and Me with Sumitra Nydoo.
10 Jun 2020 10AM
9 min
132 – 152
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