August 3, 2023
Prioritise retirement over leaving an inheritance
Providing enough resources for your children while, at the same time, taking care of your own financial future can be a difficult balancing act. And while many parents would like to leave an inheritance, this might not always be feasible, especially during uncertain economic times where finances are stretched.
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August 3, 2023
Strengthening Financial Ties as Families to Build Intergenerational Wealth
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.
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July 28, 2023
AllLife Announces R50 000 Accidental Death Cover for All South Africans
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.
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July 26, 2023
End of the hiking cycle?
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.
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July 26, 2023
SARB pauses rates to take stock of local 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.
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July 20, 2023
RSA’s multi-millionaires caught off-guard at death
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.
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