Tag: income

What are the secrets to a healthy, happy, and wealthy retirement? To answer this, Christine Benz, longtime Morningstar columnist and podcaster, asked 20 retirement thought leaders for insights. Each expert shared a key lesson they believe contributes to success in retirement.

Imagine you’re on a highway with guardrails providing a safety barrier that keeps you from going off course. These guardrails guide you safely to your destination. However, when you reach retirement, the guardrails come off, leaving you uncertain. Which direction should you take to ensure the rest of your journey is safe?

Capitec reports 36% growth in its financial results for the six months ended 31 August 2024, driving headline earnings to R6.4 billion. The nation’s leading retail bank – now with 23 million clients – says its strategic focus and continued investment in digital transformation since 2020, product diversification, and client-centric solutions continue to yield impressive results, positioning it as a trailblazer in South Africa's financial services sector.

Employee benefits such as a retirement fund, healthcare insurance, medical scheme membership, group life and disability benefits are pre-negotiated and agreed upon as part of the employment process and contracting. Typically, these benefits remain in place until the employee-employer relationship concludes through resignation, dismissal, retrenchment, retirement or death.

From 1 September 2024 South Africans with retirement funds have the option to participate in South Africa’s two component retirement system. Qualifying consumers with tax directives will be able to access approximately R100 billion in retirement savings.

South African women are closing the gender gap in entrepreneurial activity. Driven by many factors ranging from perceived opportunity to job scarcity, they are starting businesses which in turn creates employment opportunities for others, with the country boasting one of the highest proportion of women-led companies employing 20 or more people globally.

In the high-stakes world of business, where boardrooms are often dominated by men, navigating a career can be daunting for women. With the right support systems, women can thrive and excel in any professional environment.

Starting a new business is an exhilarating venture, filled with both opportunities and challenges. However, the path to success requires more than just a great idea - it demands a strategic approach, careful planning, and the ability to adapt to evolving market conditions. 

South Africa’s tough economic conditions have left many consumers struggling to build emergency cash savings. According to our data, more than half (52%) of entry level private banking clients have less than one month of their salary saved in immediately accessible cash savings available, to use in the event of unforeseen circumstances such as retrenchments or urgent medical procedures.

There’s an old saying "there are two sides to every story". And the current battle over the question of chicken import duties and tariff rebates serves as a case in point. While the issue may be complex, there is a potentially simple solution: extend the rebate for those products that are critical for lower income families and manufacturing, where they add the greatest value for local businesses and consumers.