The “Two Bucket” Retirement Savings System: What is it and Why is it Important?
“Many drops make a bucket, many buckets make a pond, many ponds make a lake, and many lakes make an ocean.” (Percy Ross) According to a recent survey by Just SA, only 11% of South Africans over the age of 50 feel “really confident” that their savings will last if they live to 100. For […]
Much Ado About Regulation 28 and the Private Investor
What is Regulation 28 The management of retirement funds is highly regulated – as it should be. After all, these are your life savings we’re talking about! The key piece of legislation governing how retirement funds can be invested is called Regulation 28 of the Pension Funds Act. It limits the amounts that can be […]
The Risk That Many Investors Don’t Think About
‘Liquidity risk’ probably sounds like something technical that most investors don’t need to worry about. In reality, however it is something that is likely to affect everybody at some point. The liquidity of an investment refers to how quickly it can be sold. Shares in Apple or Amazon are highly liquid because hundreds of thousands […]
Capital Gains Tax: 10 Common Questions Answered
1. What’s the difference between CGT and income tax? CGT is a component of your income tax. When you sell an investment, 40% of the profit is added to your income and taxed at your marginal tax rate. CGT can apply to shares, unit trusts, property, crypto currency and the sale of privately-owned businesses. 2. […]
Women and finance: How well do you know yourself financially?
National Women’s Day is a South African public holiday celebrated annually on August 9 and draws attention to many of the important issues that women in South Africa still face – such as domestic violence, discrimination and harassment in the workplace, education for girls, equal pay and more. Unfortunately, when it comes to money and […]
The Biggest Money Mistakes Women Make at Every Age
Big financial blunders can happen at every age. Here’s what we’re doing wrong — and how to fix it. The wage gap already tells us we’re earning less than men, but it turns out we’ve been making financial mistakes long before and after we get a job. No matter where you are in your life or career, […]
3 Start-Small Financial Goals for Every Woman
Getting control of your finances is a big task, but you can always start small. Three mindful steps could get you on the right path. During Women’s History Month, we celebrated the women who have contributed to society in ways that have changed our world. We also reflected on the advances women have made in […]
