Savings & Investments

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3 ways to use your year-end bonus to get ahead in 2023

14 December 2022

Debt is a problem and, on top of that, high costs for fuel, food, home loans and many other elements are leaving South Africans with little or no extra money, so it’s imperative that those who are fortunate enough to receive a year-end bonus from their employers, use these funds to improve their financial position and retirement savings, instead of blowing it all on festive season fun.

Why now is the perfect time for a financial check-in

01 December 2022

With Christmas decorations about to pop-up all over malls and shopping centres across the country, we're all realising the year is quickly coming to an end. You might not have made progress on your 2022 New Year’s Resolutions, but fear not, you can still have an excellent financial start to your 2023.

Savings is investing in yourself

01 December 2022

The rising costs of living coupled with an economy in recovery has most South Africans wondering: How are we supposed to save any money? Although saving or investing can sound intimidating, Lephoi Mokgatle from Momentum Money says there are ways and means of getting it done.

Saving too little is saving yourself poor

30 November 2022

It is a well-known fact that South Africans in general have a poor savings culture. According to Trading Economics, South Africa’s household savings rate is 0.3% of household income.

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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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