Debt is a four letter

admin Planning

Debt is something most people find themselves incurring. And it is not difficult to understand how one gets into debt. We have such easy access to credit cards; retail accounts for furniture, clothing, appliances; and regular offers to apply for small loans. Have you noticed that you qualify for a loan without having applied for one? Elena Bevilacqua a Certified …

One crisis invariably leads to a crisis of another kind

admin Illness, Planning

The Covid-19 pandemic is unquestionably a health crisis. That said, just focussing on the health aspects of the virus is too narrow a perspective. There is a lot more going on than a healthcare challenge. If we reflect back to the most recent global crisis – the Global Financial Crisis (GFC) of 2008 – we remember that it was labelled …

How to review our companies and strategies for the post-pandemic world

admin Education, Lifestyle, Planning

By Andrew Bradley 15 Nov 2020  The Covid-19 pandemic is unquestionably a health crisis. That said, just focusing on the health aspects of the virus is too narrow a perspective. There is a lot more going on than a healthcare challenge. The most recent global crisis before this pandemic – the global financial crisis (GFC) of 2008 – was labelled a financial …

Tough times call for tough financial decisions

admin Planning, Retirement, Savings

For most people, times could not be tougher, and implementing a budget will go a long way in taking ownership of your finances. Knowing where you spend – and where you want to spend your hard-earned money, will have a substantial impact on your long-term financial well-being. This is according to Duann Cronje, a Certified Financial Planner at Fiscal Private …

Retirement savings quandrum when considering emigration

admin Planning, Retirement, Savings

With all the political and socio-economic challenges in South Africa emigration numbers continue to rise. Those remaining in the country are questioning if a retirement savings investment is worthwhile when emigration remains a future option. Elena Bevilacqua, Certified Financial Planner ® professional at Fiscal Private Client Services looks at the concept of saving for retirement, “As soon as one starts …

The doomsayers will be wrong again

admin Illness, Lifestyle, Planning

Keep learning, evaluating and looking forward, because the world will keep changing A quick look around will remind us that life can change quickly — as we are experiencing in the coronavirus era. Nothing lasts forever, not even the virus, say the world’s leading epidemiologists. We certainly don’t, nor do businesses, or leaders, movements or political parties. It is important …

Seven cures for a lean purse

admin Education, Illness, Investment, Lifestyle, Planning, Retirement, Savings

– Age-old money lessons from 1926 that apply in 2020 There is much uncertainty in the world today and the effects of the coronavirus pandemic has had a significant impact on the financial and emotional well-being of many South Africans. COVID-19 and the consequent lockdowns have plunged many countries into recession in 2020 with the steepest per capita income contraction …

K-Shaped Recovery

admin Investment, Lifestyle, Planning

The recovery of a stock market following a market crash is generally described using a letter of the alphabet. A V-shaped recovery refers to a short, sharp market recovery back to pre-crash levels, while a U-shaped recovery is used where markets remain subdued for a period of time before a recovery. A W-shaped recovery occurs where a V-shaped recovery is …

2019 Budget Overview

admin Lifestyle, Planning

In summary: Disappointing budget, but Eskom support done in a positive manner. • Negatives: higher deficit and debt ratio’s; upward revision in expenditure ceiling; increased tax burden for individuals. • Positives: Strong statement on SOE’s and no Eskom debt take-on; reduction in public sector wage bill; continued emphasis on private sector’s important role and Strategic Equity Partnerships. Highlights: Upward revision …