As we celebrate National Savings Month, my call to action is for families to start assigning value to saving and investing collectively and intergenerationally. Families often find themselves responsible for supporting not just their children, but their parents and/or parents-in-law financially.

AllLife, providing life insurance to South Africans living with dread and chronic diseases, has announced that it is making R50 000 accidental death cover available to South Africans.

Since November 2021, the policy rate has been raised by 475 basis points (bps), with the SARB hiking at each of the past ten meetings. It is prudent at this point to take a break from hiking to assess the cumulative effects on inflation.

Following the South African Reserve Bank’s (SARB’s) decision to leave interest rates unchanged, FNB will maintain its prime lending rate at present levels and will review its position following the SARB MPC decision in September.

It can take time to rearrange assets in a cost-efficient manner. It is wise to manage taxes and executors’ fees that can carve away up to 30% of your intergenerational legacy.

According to a poll of 106 economists by Reuters, the U.S. Federal Reserve will raise its benchmark overnight interest rate by 25 basis points to the 5.25%-5.50% range on July 26.