South Africa gets its first Cryptocurrency ATM

By: Gugu Lourie  Vendibit, a South African blockchain firm, opened its first commercial cryptocurrency ATM, which is inside the Spar-Northwold in Johannesburg. The move is a first for South Africa, where cryptocurrency regulation is still being formulated by the Reserve Bank and adoption of this innovative currency is gaining traction in Africa.. The cryptocurrency ATM will process … Read moreSouth Africa gets its first Cryptocurrency ATM

Things to consider when you take on an overdraft facility

SATopShops Are you are considering applying for an overdraft? There are important questions you should ask your bank, to ensure you are making the right decision. Ryan Prozesky, FNB Consumer Core Banking CEO, says an overdraft is an important credit facility to help you manage your personal cash flow in the event that your bank … Read moreThings to consider when you take on an overdraft facility

Building a robust estate plan: Taxes, donations, inheritance etc

Willie Fourie, Head of Estate and Trust Services, PSG Wealth Investment managers go to great lengths to plan ahead so that investment portfolios will withstand market volatility and unforeseen events. But how do you construct a robust estate plan that will withstand the onslaught of the many legislative changes and punitive taxes introduced in recent … Read moreBuilding a robust estate plan: Taxes, donations, inheritance etc

Court rules that banks can sell your house for next to nothing

By: Ohene Yaw Ampofo-Anti When a person obtains a home loan from the bank, a mortgage bond is usually registered over their home as security by the bank. The bank will use this to recover any debt should the debtor default on their home loan repayments, in which event the debtor may lose their home. This … Read moreCourt rules that banks can sell your house for next to nothing