Savings & Investments

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Saving vs investing: why they are two very different things

16 August 2016

South Africans are among the world’s worst savers. Globally, savings are measured as a percentage of GDP in order to determine the health of a nation’s savings culture. Including pension contributions and all forms of investments, South Africans save a pretty unhealthy 15,4% of our GDP . By comparison, Brazil, for instance, saves around 25%; India 30%; and China more than 50%.

Top three tips to build wealth at an early age

01 August 2016

According to research by Bayport Financial Services, young South Africans only save between 1% and 8% of their income. With so many South Africans struggling to put money away, it is heartening to find ‘heroes’ who are working hard to refute this trend. We can learn a lot from young South Africans who are ambitious, financially-savvy and motivated. At Sanlam Private Wealth, we have been watching one such young South African with true interest.

How to approach finances in a zero-growth economy

28 July 2016

The zero-growth economy, as forecast by the South African Reserve Bank, is likely to result in further strain on consumer’s finances, with some running the risk of prioritising wants over needs. These can vary from selling a home and temporarily moving in with parents in order to afford luxuries or canceling essential insurance.

5 tips to save thousands in savings month

26 July 2016

Globally, the rise of populist politics and instability, together with chronic low economic growth, has made many investors fearful. As South Africa flirts with recession and tempers flare ahead of municipal elections, local investors are challenged to find returns over and above the seemingly ever-increasing inflation mark.

quick poll

Question

The strongest deterrent against FSP compliance missteps is or should be:

Answer

A criminal conviction Debarment Fine or penalty Any of the above can work

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