The recently announced budget is a move in the right direction in terms of fiscal policy, but was it a budget that was it savings friendly? Finance Minister Pravin Gordhan’s National Budget tabled on Wednesday afternoon in Parliament was a budget that spoke of greater austerity on government spending and indeed acknowledged the need for the country to try and avoid … Continued
South African Reserve Bank (Sarb) governor Lesetja Kganyago said on Thursday the bank would increase the repo rate by 50 basis points. This means the repo rate, which is the rate at which the Sarb lends money to banks, will rise to 6.75%. The prime lending rate, the figure charged by banks to customers, will increase to 10.25%. The announcement … Continued
One of the biggest challenges that any entrepreneur or small business owner ever faces is the challenge of debt. Debt is one of the major causes of business failure and many small businesses are simply not equipped to deal with debt. Debt is always a challenge in personal finance but becomes an even bigger challenge in a business context. Common … Continued
Author: Gerald Mwandiambira, acting CEO of the South African Savings Institute Investment Scams: What they are, and how to spot them In recent times, there has been an increase in fraudulent investment companies known as Pyramid Schemes or Ponzi Schemes. These schemes have fleeced many unsuspecting investors of thousands of rands and continue to pop up across South Africa. It … Continued
More than half of working South Africans, if faced with an unexpected expense of R10‚000, will be forced to take out a personal loan‚ rely on credit facilities or borrow from family or friends, while 30% have no idea at all how they would handle such an expense. This is one of the sobering findings of the 2015 Old Mutual … Continued
As we reflect on a successful month. More pictures….
SASI launched National Savings Month 2015 at Maponya Mall with the inaugral SASI Savings Convention. Here are some images from 3 and 4 July.
July is National Savings Month As South Africans do not generally have a savings pools to tap into in times of emergency, they tend to cash in their retirement savings. We believe, it’s for this reason National Treasury has introduced Tax Free Savings Accounts from 1st March 2015 to build household savings and encouraging investment. South African Savings Institute (SASI) … Continued
SASI strategist, Gerald Mwandiambira, has announced a new initiative, aimed at promoting a savings culture… Click here for more
Article by Gerald Mwandiambira, Chief Strategist at SASI, Financial Planning Professional and blogger on www.askmrg.co.za…. Click here for more