In light of recent events and the turmoil that was 2016, the future looks uncertain for South Africa. With a rocky road ahead of us, the SA risk factor is one of the worst in the world- we are one of the top 10 risks to the world in 2017 when looking at economic unrest and internal politics.
Since the announcement of Donald Trump’s, excuse me….future President Donald Trump’s win, the world has gone a bit crazy. With some people rejoicing and others running for the hills, this is a definite sign that the next few months will be an interesting time. Figuring out what happens next, what does it mean now that Trump is president? Many are thinking it’s time to travel.
With sluggish economic growth, students demanding free education and low revenue collection, there might be significant tax increase in the pipeline next year as South Africa faces multiple unknowns. Continue reading
If you’re planning for the year ahead, a good place to start is to check your credit rating at the credit bureau. In South Africa credit rating checks can be stressful for some, as this is when you realize how good or bad you have been with the credit granted to you.
South Africa named best in Sub-Saharan Africa
Debt issuance is a tricky term to understand for someone not up to date in the finance world, but in the general sense it can be seen as a loan transaction. Between governments and corporations, dealing with debt on an international scale, this is finance on a global level. Continue reading
The unrelenting volatility of the global and local market is expected to persist into the foreseeable future. This shaky scenario has been met with bearish sentiment – investment talk for the expectation of a downward price movement in the stock market.
Naturally, of these potential investors are a few millennials – young adults of 21 – 34 years of age. History shows that stocks give reasonable returns in the long run. However, it would seem millennials are far less keen on the stock markets than their predecessors. Continue reading
T-Day – the day tax reforms for retirement funds of all kinds will be launched – is set to take place on 1 March, 2016.
The major aim of the new tax regime is to focus the financial activities of South Africans on savings and investment for retirement – by means of tax-free savings accounts (TFSAs), capital accumulation and income tax deductions. Continue reading
A Higher Interest Rate Environment
You may be wondering how you should save and invest now that the South African Reserve Bank (SARB) has hiked the repo rate by 25 basis points up to 6.25%, if you are one of the millions of South Africans already under financial pressure. Continue reading
Don’t Be Fooled By Stokvel Scams
If you’ve been approached to join a stokvel or are considering joining one, you should be cautious of stokvel scams, especially the current high-risk scheme presenting itself as a stokvel called Kipi Investments, Kipi Investment Dreams or Mydeposit247 Community. Chris Walker operates the scheme, as well as a number of related schemes, one of which the South African Reserve Bank (SARB) closed down in 2013, namely Defencex. Continue reading