Beware of Pyramid Schemes

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

Old Mutual Savings & Investment Monitor highlights the need to save for Emergency Funds

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

Savings Month 2017

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

Commentary on the Budget

posted in: Savings in the News

SASI believes that the budget tabled to Parliament by Minister of Finance Nhlanhla Nene had good and bad news for Savings… Click here for more (PDF doc – 154KB)

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