The Sandwich Generation: How Can You Deal with Family Always Asking You for Money?

“Family is not just important; it’s everything.” (Michael J Fox)   Many South Africans are not just working to support themselves or even their immediate families. Given the country’s high rate of unemployment, it’s not unusual for people to find themselves under pressure to provide financially for their parents, grandparents and even cousins, aunts and uncles.…

Investment Jargon 101: Your One-Stop Primer

“An investment in knowledge pays the best interest.” (Benjamin Franklin) A is for Asset Your possessions are known as your assets, while any debts are called liabilities. If your home’s mortgage is fully paid up, your home is an asset, but if you’re still paying off a hefty home loan and incurring maintenance costs, it could be a…

Need to Know: Annualised Returns Versus Internal Rates of Return

“Returns matter a lot. It’s your capital.” (Abigail Johnson) Let’s start at the beginning – Annualised returns The annualised rate of return on investment represents the average yearly return you would have received over a specified period. It expresses an investment’s performance as if it had grown steadily each year, taking compounding into account, even though…

Zen and the Art of Financial Planning

“A resilient spirit, coupled with financial knowledge, is an unstoppable force.” (Anonymous) There’s more to this material world than meets the eye. As human beings we are all trying to gain self-awareness and instinctively value compassion, empathy, and open heartedness. You may ask, “How on earth does this have anything to do with financial planning?”…

Budget 2024: What it means for you

“Our bigger challenge… is that our pie is not growing fast enough and this limits our ability to generate sufficient revenues to distribute among our priority areas.” (Finance Minister Enoch Godongwana – Budget 2024) Finance Minister Enoch Godongwana’s third Budget Speech in an election year contained few surprises, but also little in the form of…