Tag: financialsecurity

As more South Africans choose to live together without getting married, financial experts warn that many couples may unknowingly expose themselves to significant financial and legal risks. Although cohabitation has become increasingly common, many people mistakenly believe that living together for several years automatically grants them the same legal rights as married couples.

For many young South Africans, a financial windfall, whether through an inheritance, a family gift, or prize winnings, can fast-track major financial goals and responsibilities. However, without a clear plan, a sudden windfall can easily become a missed opportunity to build long-lasting wealth.

For most South Africans, digital banking has become second nature. We pay accounts from our phones, shop online, book holidays, transfer money to family and friends, and invest through banking apps. We can complete all these transactions within seconds. Unfortunately, criminals have become just as comfortable operating in this digital world.

A sudden medical emergency nearly cost my life. However, thanks to prudent financial planning, hospital bills became the least of my worries. I used to think I had time and health on my side. I trained hard, stayed active and monitored my health closely. By most measures, I was doing what people are supposed to do. Then, one evening in November 2022, after a completely ordinary day, my body gave way without warning.

More people are starting to save for retirement in their twenties, however, many still feel financially unprepared for the future. According to our 2025 Retirement Insights Survey, the average starting age for retirement saving is 27.