Looming interest rate hikes in South Africa should theoretically lift savings rates by boosting returns, but in reality they will only make it harder for heavily indebted households to repay loans, leaving little extra money to set aside. "As a country we save way too little," said Rian le Roux, an economist at Old Mutual....
BOOST BUSINESS WITH A BLOG
Loads of people are doing it nowadays, but not everyone understands why it’s important. Blogging is a powerful marketing tool for your business - if you want to grow and sustain online communication (and business…) with your clients and customers, then this is an elemental piece of the puzzle.There are multiple ways to increase your...
THE BENEFITS OF A TAX FREE ACCOUNT
With the introduction of tax free savings accounts (TFSA), people have been wondering what sort of benefits they provide. So what are the main reasons to consider a TFSA?The first reason would be to replace the interest exemption in our tax laws. It was specifically stated that with the introduction of the TFSA, there would...
CAN I RETIRE ON R2 MILLION?
While it seems like a simple question there are many considerations that need to be accounted for when asking: Can I retire on R2 million?It is important for a financial advisor to provide a client with guidance regarding questions that have been asked, but also to provide answers to questions that the client hasn’t thought...
