Steinhoff implosion staggers SA

The collapse of Steinhoff International’s share price this week, following allegations of accounting fraud, is being described as the biggest corporate failure on the JSE so far, but it may just be the tip of the iceberg. On Thursday afternoon, Finance Minister Malusi Gigaba said he supported a decision by the Financial Services Board (FSB) […]
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How you will pay for Zuma’s free education plan

The government is considering drastic budget cuts to fund free higher education, including cutting social grants, freezing the roll-out of RDP houses and increasing taxes. With the country facing an unpre-cedented R50.8‑billion revenue hole, a treasury document has been put before President Jacob Zuma by the presidential fiscal committee, outlining possible areas where budgets could […]
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UK to probe European banks linked to SA state capture

A complaint about European banks who may be involved in the illicit financial flows of state capture in South Africa has been forwarded to two law enforcement agencies in the United Kingdom, leaving these banks open to investigation and prosecution. The Chancellor of the Exchequer Philip Hammond forwarded a message about banks based in the […]
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Surviving the emotional costs of living together

Cohabitation. A rather functional and uninspiring word for what is, essentially, an exciting time for any couple. Moving in together can certainly save you both money; after all, one household is cheaper than two. But what other implications will it have on your financial situation? Before we go any further, it’s important to discuss the […]
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Why ‘winter is coming’ for overvalued growth stocks

The immediate prospects of any investment are as uncertain as those of any of the popular television series, Game of Thrones, characters but there is no doubt that, as their valuations rise, even stable businesses can become dangerous to own. The battle continues to rage. It maybe not be as gory as Game of Thrones […]
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How To Plan For The Unplanned

Life happens. The geyser bursts. You get an unexpectedly large electricity bill. You break a tooth opening a beer bottle. (Don’t ever do that, by the way, it’s not as cool as you think.) Life happens, and when it does, chances are you are not ready for the financial fallout. Unexpected expenses can happen at […]
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Why having a will is a critical part of financial planning

The words ‘Last Will and Testament’ have a chilling kind of finality that many of us might prefer to ignore, reassuring ourselves that we are too young to consider the possibility of dying. However, the sad reality, as the well-known aphorism goes, is that “In the midst of life, we are in death” – and […]
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Contract or Prepaid? We Investigate Which Is Cheaper

In recent months, the cost of cellphone data and airtime has come under the spotlight. So much so, in fact, that the hashtag #datamustfall has been trending on Twitter as social media users call for service providers to slash their data prices. With good reason, research recently undertaken by Tarriffic, comparing seven countries, rates South […]
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Manage Your Ego, to Reduce Your Debt

Wealth and ego are intertwined. From the first moment early civilisations started trading with each other, possessions became a symbol of what sets us apart. Back in the day, a neighbour might envy you as you pulled out your rare ivory-handled knife or marvel at your beautiful wolf skin coat that you’d bought from some […]
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