Tag: financial management

Dividing your savings into two separate categories – each with its own unique purpose – can provide clarity and boost your progress towards achieving your financial goals. When it comes to saving money, having a clear strategy in place can make all the difference.

According to recent research from the Master of the High Court of South Africa, it’s estimated that 15% of South Africans who die have a will in place, which means that five out of six don’t. If you die without a will, your estate will be intestate. This can be a long and drawn-out process, and the assets from your estate will not be in line with what you wanted.

In previous years, insurance advisers may have been seen as the ‘middleman’. Often, they were regarded as a form of salesman, primarily selling clients insurance policies on their properties and possessions, as well as assisting them with the claims process.

All eyes were on the President’s recent cabinet reshuffle; the vast majority of which was to see who would be appointed the new Minister of Electricity; responsible for putting an end to South Africa's load shedding woes. But amid all the noise (and Instagram memes!), you might have missed some interesting additions to the cabinet, including a new Deputy Minister for the Department for Planning, Monitoring and Evaluation.

Resilience is key to building a successful and sustainable organisation capable of withstanding internal and external shocks. Building resilience asks that the organisation bed down stable and agile financial foundations that are aligned with global and local governance, risk and compliance (GRC) mandates.

Many people say that the key to a good relationship with your partner is practising honesty and open communication, and this also applies to money matters. Many people struggle to talk about finances with their partners, which isn’t surprising as money is one of the most common reasons long-term relationships end.

According to the most recent Marriages and Divorces report released by Stats SA, fewer South Africans are tying the knot – a possible indicator of the cultural move away from the traditional institution of marriage in favour of domestic partnerships.

After a long, hard year, many of us look forward to charging full steam into the festive season; spending and spoiling ourselves and our loved ones with abandon. And when it comes time to deal with the consequences of our financial decisions…well, isn’t that what January is for?

Women entrepreneurs are on the rise globally, with this wave sweeping over the African and Middle Eastern region. Historically, Africa has led the world in terms of numbers of women business owners, with countries like Uganda and Ghana – leading the way.

Even though concepts such as DevOps and MLOps have gained support in recent years, FinOps is a relatively new discipline that has yet to become generally practised. And yet, its potential to enhance financial services through a reinvented data strategy is significant.