Can Your👍Thumbs-Up Emoji or E-Signature Seal a Deal?

Data messages or electronic signatures are now recognised in our law as equivalent to a proper basis upon which a contract can be concluded. Thus, a valid written contract can be concluded electronically.

ECTA (the Electronic Communications and Transactions Act) means that you can, in many cases, create legally binding agreements purely electronically – via email, WhatsApp, social media and the […]

2023-08-01T11:18:35+00:00July 27th, 2023|Financial Planning|0 Comments

How to Take Advantage of the Donations Tax Allowance

“We make a living by what we get, but we make a life by what we give.” (Winston Churchill)

Donations tax 101

Put simply; you can donate an amount of up to R100 000 per year to any third party, like a child or a grandchild, without having to pay donations tax. For example, you could give R30 000 to each of your three grandchildren […]

2023-07-28T07:54:55+00:00July 25th, 2023|Uncategorized|0 Comments

Five Reasons why a Financial Windfall Must be Managed Carefully

Receiving something like a substantial inheritance or the proceeds from a sale of a business can be thrilling. However, it is also often problematic, both because of how we deal with it and how it affects those around us.

Psychologist Stephen Goldbart even coined the term “Sudden Wealth Syndrome” to describe the extreme stress that people who come into large sums […]

2023-07-25T09:03:01+00:00July 25th, 2023|Financial Planning|0 Comments

Make Sure Your Family is Financially Prepared for When You Pass Away

“Death is the penalty we all pay for the privilege of life.” (Robert Half)

We know we can’t escape death. But most of us still do everything we can to ignore or avoid it.

The problem is that if we don’t acknowledge our own mortality, we won’t prepare for it. And, unfortunately, that can have a real impact on our families.

Thinking about […]

2023-07-25T08:54:25+00:00July 25th, 2023|Estate Planning|0 Comments

What’s cooking in the Three Pot System?

And now there are three

If the draft bills are approved, from March 2024 members’ retirement funding will be split into three pots. Namely:

  • The vested pot (amounts accumulated before 29 February 2024)
  • The savings pot (the 1/3 of contributions that is accessible to members)
  • The retirement pot (the 2/3 of contributions that must be preserved until retirement).

The main pros and cons

Advocates for change regard the introduction […]

2023-07-25T05:05:06+00:00July 25th, 2023|Uncategorized|0 Comments

Should I Buy a Holiday House?

2 months of bills for one month of fun

Realistically, how much leave do you take every year? Most people only manage a couple of weeks. Even if you’re one of the lucky few who can take more, it’s still unlikely that you’ll spend more than a month on holiday in one calendar cycle.

But the bills associated with your little slice […]

2023-07-24T07:08:51+00:00July 24th, 2023|Findotnews|0 Comments

How to Invest When There’s So Much Bad News

“Panic is highly contagious, especially in situations when nothing is known and everything is in flux.” (Stephen King)

South African investors have every right to feel concerned. The local economy is facing a heap of problems, and growth has slowed to almost nothing.

The recent weakness in the rand has only made things worse. The local currency was trading at under R16 […]

2023-07-02T13:51:44+00:00July 2nd, 2023|Investing|0 Comments

Four Ways to Make the Most of Retirement

“The greatest task for ANY person is to find meaning in life.” (Victor Frankl)

Retirement. The word conjures schmaltzy images of silver-haired men in tailored suits, sipping coffee from small cups while gazing out of the window at an expensive view. Or an immaculately coiffed woman laughing on the golf course as if she has just heard the funniest joke in […]

2023-07-02T13:45:43+00:00July 2nd, 2023|Uncategorized|0 Comments

Can Gratitude Make you Feel Better About Your Money?

“Be thankful for what you have; you’ll end up having more. If you concentrate on what you don’t have, you will never, ever have enough.” (Oprah Winfrey)

Most personal finance advice focuses on practical things like budgeting, saving, and investing. But financial wellbeing isn’t found on a spreadsheet. It really begins with how we approach our financial lives.

The attitudes we have […]

2023-07-02T13:32:22+00:00July 2nd, 2023|Financial Planning|0 Comments

A Must-Have for Couples who Choose not to Tie the Knot

“The course of true love never did run smooth.” (William Shakespeare) 

The times they are a-changin’

Living together and having children without getting married is becoming increasingly accepted worldwide. When Boris Johnson and his partner lived together as the first unmarried couple in No 10 Downing Street, there was no peep from the harsh British media. (The tabloids had their say on […]

2023-07-02T13:20:31+00:00July 2nd, 2023|Estate Planning|0 Comments
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