How people create wealth: The real thing

By: Citadel Understanding each of your options in your journey of wealth creation will set you up well for achieving your goals. Getting the mix right creates the “the real thing”, the ideal wealth creation formula. Here is our view on various choices, based on our extensive observations and experience in wealth management: Your business … Read moreHow people create wealth: The real thing

The National Credit Amendment Bill promises debt relief for the poor: ‘Another credit amnesty’

The Bill promises a short-term intervention that allows for the extinguishing of debt for those consumers who are either unable to pay their debts at all or to repay all the debt within 60 months. This intervention will be available for 4 years after the implementation of the Bill.  By: PBM A bill that promises … Read moreThe National Credit Amendment Bill promises debt relief for the poor: ‘Another credit amnesty’

How to maintain credit worthiness and a good credit score

SATopShops While many factors are considered to assess a credit application, one of the key factors that credit providers consider is a credit score. Nico van Staden, Head of Consumer Credit at FNB, advises on how consumers can maintain their credit worthiness and a good credit score. “The easiest way to understand a credit score … Read moreHow to maintain credit worthiness and a good credit score

Don’t underestimate the cost of private schooling: Here’s some advise…

SATopShops Households that choose to send their kids to private schools should not underestimate consider their choice carefully so as not to underestimate the cost of private schooling. Eric Enslin, CEO of FNB Private Wealth and RMB Private Bank, observes that for an average household with two kids in school, annual tuition fees including boarding could easily … Read moreDon’t underestimate the cost of private schooling: Here’s some advise…

Spring clean your finances: Add property to your portfolio etc

Geoff Blount, Advisory Partner, BayHill Capital As we live longer, we will need to provide for our financial security for an extended period of time. With spring just around the corner, it is an excellent time to take a look at your financial situation and make any adjustments now to ensure that you will have … Read moreSpring clean your finances: Add property to your portfolio etc

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