Tag: spending behaviour

Black Friday has come and gone, and with the current state of our economy we’ve seen a significant change in consumer behaviour. This years Black Friday has some clearly defined changes such as how consumers chose to make their purchases, the platforms they used to make them as well as how much they chose to spend.

There are tens of thousands of financial advisors in South Africa, but there is considerable variability in the quality of advice they offer. Many will focus on investments and other financial products you may need, but a good advisor’s role is a more demanding one.

You might have heard of the ‘love languages’, referring to the different ways that people show – and in turn – want to experience love. Want sweet-somethings whispered in your ear? Words of affirmation are your love language.

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.

People are worrying about a global recession and with good reason. But what if the factors driving rising prices are beyond the limits of policymakers’ control? I discuss what central bankers’ next move might be, what markets are pricing in and what the probability of a recession is.

The COVID-19 crisis is having a profound impact on South Africa’s economy with the GDP forecast to contract by as much as 7.1% in 2020, to an all-time low of roughly -8.5%. A wide range of industries came to an abrupt halt during the national lockdown, with businesses across the board struggling to stay afloat – mass job cuts, and for many others, pay cuts, loom.