Tag: debt

It's not easy to get a mortgage on your dream home if you're not employed full time and earning a fixed salary. Freelancers, those working on commission or sourcing their income from gigs, and many other independent earners, often find themselves facing a brick wall when applying for a home loan from banks.

The importance of planning your finances to ensure that you protect your family’s future for a time when you or your loved ones won’t be around anymore is immeasurable. We believe in integrated advice, and one needs to consider the importance of protecting their family should the worst happen.

Stokvels are on the move: moving from villages to cities, from beneath mattresses into savings accounts and investment instruments. As they move and evolve, their potential for growth and their ability to create wealth increases.

In his budget speech on 22 February 2023, the Minister of Finance announced that the proposed two-pot system will take effect on 1 March 2024. Many had hoped for a delayed implementation date, given the development required to systems to accommodate the new structure.

Are you aware that there is a prescription period for every claim? It would help if you were mindful of the prescription periods and how they apply to your claim. This article aims to explain the prescription periods, when they apply, and the exceptions to them. The prescription period is governed by the Prescription Act 68 of 1969 (the “Act”). 

It’s incredible how many people make resolutions about getting themselves in shape when a new year begins. Very few of us, it seems, think about the ‘financial hangover’ that we are dragging into a new year and how much getting personal finances back in shape could benefit our lives. 

Bank or private debt and venture debt are separate segments in the debt financing market. In contrast to venture debt financings, which relate to start-ups, bank or private debt financings involve the financing of established companies that have already generated profits, can provide collateral and service the debt from the start.

Receiving a bonus is an exciting event and a time for celebration to recognise the hard work you put in throughout the year. Bonuses also provide us with an opportunity to achieve our financial goals. When we think about spending the money, we need to do so responsibly.

MultiChoice Group (MCG or the group) grew its user base by 5% during the period ended 30 September 2022 (1H FY23). An ongoing focus on leveraging the group’s local capabilities added 1.0 million 90-day active subscribers to close the period on 22.1 million subscribers, with the subscriber base split between 13.0 million households (59%) in the Rest of Africa and 9.1m (41%) in South Africa.

When we think about our legacy, it usually involves things like building a solid career, raising well-adjusted children and passing on cherished family traditions. However, your legacy could also be about teaching your children the life lessons and everyday habits that your parents and grandparents taught you, either through you modelling their behaviour or by heeding their advice.