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Take our savings quiz and you could win a R500 investment voucher

Take our savings quiz and you could win a R500 investment voucher

Ten readers will each win a R500 voucher from investment manager Satrix to start their investing journey

Q&A Forum: It's never too late to start investing

Financial Planner of the Year Janet Hugo gives advice to a 72-year-old who has used up all my life’s savings bar one last investment.

Passive investing: it's all Greek to me

Investment managers use these Greek letters to describe important concepts. So, if you’re an investment newbie you would benefit from a quick lessons in “investment speak”.

Municipality in hot water for failing to pay over R58m in workers’ contributions

The Free State’s Kopanong Local Municipality has failed to pay an estimated R58m in pension fund contributions collected from municipal workers over the past six years to the workers’ pension fund. This emerged from an investigation by the Pension Funds Adjudicator following complaints by three of the municipal workers.

Ombud rules against Sanlam in blood-tie policy dispute

The Ombudsman for Long-Term Insurance, Judge Ron McLaren, has taken a dim view of Sanlam’s refusal to pay out a funeral policy because the “child” was not a blood relative of the claimant. After all attempts failed to get the policy issuer Sanlam Developing Markets to pay the claims, the Ombud issued a final ruling ordering Sanlam to honour the claims with interest, less the premiums it already refunded.

One in four customers ready to switch banks amid fierce rivalry

One in four customers are “ready to defect to another bank” and South African banks are increasingly losing our loyalty, the latest survey of banking products shows.

Blackouts could slash 125k jobs, cut growth to zero: Reserve Bank

SA's power cuts could bring economic growth for the year close to zero if they continue at the same severity seen in March, the Reserve Bank said.

Comair takes to the courts in attempt to halt Numsa's Easter strike

Comair said on Wednesday it would be heading to the Labour Court to stop some employees from downing tools ahead of the Easter rush.

Some things to consider if you get offered early retirement from government

It seems like the National Treasury’s offer to those keen to retire early from the public service is a golden opportunity, but before you sign up there are some things you should consider.

How the digital marketing landscape has changed our lives in the 21st century

SPONSORED | A case study for our changing shopping behaviours

Investing in unit trusts easy and affordable

To help support transformation of the sector, Sowetan Money plans to profile easily accessible and suitable unit trust funds managed by black managers.

Credit policies do not cover the self-employed

If you’re self-employed or a contract worker, and you have been sold a credit life policy or a credit protection plan which includes retrenchment, this represents mis-selling, the ombud for financial advice says.

Putting the bite back into your pocket with clever food savings

To deal with an inevitable uptick in prices without using credit to fund your lifestyle expenses, it’s better to cut down on your food expenses, especially if it makes up more than 20% of your budget.

Financial services ombud on mission to let public know 'we hear you'

Fais ombud Naresh Tulsie says his office is determined to let the public know it hears their complaints and to educate consumers and FSPs about their respective rights and responsibilities.

The future looks bright for Petra Diamonds' - company CEO

African miner Petra Diamonds’ , which has high debt levels, aims to be cash flow positive in the second half of the year and will then be able to consider future developments, its new chief executive said on Monday. The company’s share price has fallen 55% since the start of the year as weak diamond prices weighed and Petra grapples with debt following years of capital expenditure to upgrade its mines.

Steinhoff looking for billions of rands in capital injection

Retailer Steinhoff on Monday announced key terms for its French unit Conforama’s plan to raise 316 million euros (R5.6-billion) to shore up its finances after sales fell and costs rose. Steinhoff said the financing included the issue of warrants in an amount equal to 49.9% of Conforama’s shares to the providers of cash, giving the financiers enhanced governance rights and allowing them to appoint two independent directors to Conforama’s board.

Home market still a dream for African carmakers

Home market still a dream for African carmakers.

Group Five to shed assets under business review

South African builder Group Five said on Friday it would dispose of some assets and delay its interim results after filing for bankruptcy protection last month.

Could tax holidays drive up new car sales?

At the edge of Nairobi’s Ngong Forest, thousands of used cars glitter in the hot sun on a dusty field, waiting for buyers. Imported from Japan or the Middle East, they offer an affordable route to vehicle ownership in Kenya and have dominated the market for decades. That is an obstacle big carmakers must overcome if they are to crack Africa, a market promising rapid growth as trade tensions threaten sales elsewhere.

Steer clear of Marang DC Burial Society, regulator warns

Marang DC Burial Society is misleading the public by purporting to be an authorised financial service provider and is collecting premiums from members of the public.

Absa sees Nigeria expansion plan ready for second half

Absa sees Nigeria expansion plan ready for second half

Q&A Forum: How much tax will I pay on the sale of a house held in trust?

Capital gains tax was introduced in SA with effect from October 1 2001 and the gain or loss attributable for the period only needs to be considered on or after that date.

Nissan SA to invest R3 billion to build new Navara model

Nissan South Africa to invest R3 billion to build new Navara model

Dog breeder to be charged over unkempt and parasitic conditions - NSPCA

The National Council of Society for the Prevention of Cruelty to Animals (NSPCA) will open a criminal case against the owner of a property in Mahikeng in the North West, who allegedly kept 43 greyhounds in "horrendous enclosures" without access to water.

South Africa's carbon tax could cost Amplats R300-m a year from 2021 -CEO

SAFRICA-MINING/ (UPDATE 1):UPDATE 1-South Africa's carbon tax could cost Amplats $21 mln a year from 2021 -CEO

Five lessons to deal with the curve balls when starting your business

No matter how prepared you think you are when launching a new business, there will always be a curve ball - and the first 365 days can be make or break.

The ins and outs of financial emigration

Many South Africans working abroad are considering financial emigration as the tax exemption on foreign employment income is going to be capped at R1m from March 2020.

Ponzi bust? Millions recovered from the accounts linked to Chenge and Exclusive Empowerment

A would-be investor’s small but niggling doubt about an investment offering him over 100% return over two years lead to the recovery of about R10m collected as part of a suspected ponzi scheme with offices in Pietermaritzburg.

Keyhealth under fire over refusal to pay for PMB condition

Your scheme may never pay prescribed minimum benefit claims from your medical savings account, as this is prohibited in terms of regulations under the Medical Schemes Act, says the Council for Medical Schemes.
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