Divorce is the one human tragedy that reduces everything to cash.” (Rita Mae Brown)
How will the new “Three-Pot Retirement System” (often referred to as a “Two-Pot System”) affect financial arrangements on divorce? Retirement savings can amount to a significant portion of a marriage’s assets, so it’s important to understand the implications of the new system.
First, a quick refresher
Have a look […]
When you think of financial wisdom, Dr. Seuss might not be the first guru that pops into your head. But hidden within his playful rhymes and zany characters lie profound lessons that can guide us on our journey to financial freedom. Dr. Seuss’s stories are more than just bedtime tales—they are blueprints for a balanced, mindful approach to money.
“Always plan ahead. It wasn’t raining when Noah built the ark.” (Richard Cushing)
When most people think about insurance, they usually consider the basics: health, life, car, and home insurance. However, there are other kinds of insurance that might not be as well-known but can provide significant financial protection in unexpected situations.
While they may not necessarily be relevant or valuable to […]
Let’s celebrate women’s day. Tt commemorates the 1956 women’s march on the union buildings to protest apartheid.
“If a man is not faithful to his own individuality, he cannot be loyal to anything.” (Claude McKay)
Case study 1: Family matters
One financial advisor told us about a 68-year-old client who sold his business and worried his children would be ruined by inheriting too much wealth. The advisor created a Family Constitution outlining rights, values, and responsibilities for managing family […]
In terms of business expenses, professional photography is often an item on the list that is seen as expendable. After all, you could take some pictures yourself. There are other, more important things you should be spending your organization’s funds on than professional photography, right?
Very wrong.
The truth is that every business no matter the industry can benefit from having professional […]
“Change is not a gate we pass through; it is the definition of life.” (Millie Florence)
The good
Supporters of the change believe that introducing an accessible savings pot can provide salvation for those in financial crises, like the one caused by the Covid pandemic. It will help people to avoid debt and prevent people from resigning from their jobs to access […]
Chances are you haven’t given much thought to how FAIS, POPI, and the Employment Act relate to your employees’ social media use. Recent lawsuits show, having an active social media policy is an absolute must for all financial service providers…Big or small.
The use of social media is an excellent marketing tool if used wisely, but in the wrong hands, it […]
Magnificent Seven come tumbling down
The Magnificent Seven stocks (Apple, Amazon, Google-parent Alphabet, Nvidia, Facebook-parent Meta Platforms, Microsoft, and Tesla) have been responsible for the lion’s share of the US bull market in equities since late 2022. So much so that a new term has made its way into market parlance: “bad breadth”. It refers to the fact that only a […]
The Consumer Protection Act 68 of 2008 (CPA) establishes a broad and comprehensive scope for consumer protection. Its purview includes developing and maintaining a consumer market in such a way as to ensure fairness, accessibility, effectiveness, sustainability and responsibility for the benefit of consumers” (Extract from judgment below)
You drive your brand-new car home, eager to take the family out for […]
