A Perfect Storm

A perfect storm is defined as a rare combination of circumstances which aggravates a situation drastically. Well I think that end 2015 / 2016 was a perfect storm for South Africa. We had, especially at the start of the year, a very rare combination of events for South Africa, all unfortunately bad. When you get […]

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The real cost of credit

Accessing credit is pretty easy for South Africans and as a result many of us fall into a ‘debt trap’. But do you know how much it really costs to buy on credit? Taking both interest and fees into account, you are paying a lot more than the original price tag. Sanlam has put together […]

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To save or not to save

We share Personal Finance’s article on medical saver plans Is it really worth it to choose a more expensive medical aid option that offers a medical saving account as opposed to just getting a hospital plan? Shouldn’t I rather put money aside each month to cover my daily medical expenses as they arise? This is […]

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Are you a saver or a borrower?

It is difficult to be a fence sitter when it comes to investing and wealth creation. Either you are a saver, and are providing for your needs, both present and future, from the sweat of your current labour, or you are a borrower, borrowing from your future to fund your current lifestyle. Sadly, most of […]

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Good news

South Africa has a good news story to tell, despite all the negative economic indicators from growth to high inflation. Even a downgrade will not impact this good news story, but the politicians and even government departments do very little to sell it. This may be an even-bigger risk. Statistics SA’s annual General Household Survey […]

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Wealth creation

John Demartini, human behavioural expert, once wrote that the difference between people who have created wealth and those who haven’t was what they did with their money. That may seem like a very obvious statement, but what Demartini was saying is that wealth creation starts with a certain attitude and an understanding of how money […]

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Your house is not an asset

In grade eight accounting, we were told that an asset is something that you own, and a liability is something that you owe. But it did neglect one crucial factor: that an asset is also something that can generate cash flow. And merely owning something doesn’t necessarily mean that it’s making you any money. For […]

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Global economy ahead: All eyes on the US Fed

The US Federal Reserve takes centre stage in the coming week, eclipsing industry data from China, another grim inflation reading from the Eurozone and rate decisions in Japan and Switzerland. Guessing whether the Fed hikes rates on Thursday or opts for a later date, perhaps December, is something of a futile exercise because even the […]

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Caution needed during this “risk-on” party

The party continues into 2015 The first quarter of 2015 was once again dominated by strong returns in the equity markets, both locally and globally. Locally the FTSE/JSE All Share Index delivered stellar returns of 5.9%, while the MSCI World Index returned 2.3% in US dollars. For the past few years, local and global equities […]

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