Money Market funds are a common form of investment – but what are these facilities, and how do they work? We explain in full detail. What is a Money Market account? Money Market unit trusts – more commonly referred to as Money Market accounts – are a well-known investment vehicle that enables banking clients to invest smaller sums of money (with a typical opening investment requiremen...
Read More..If you own a smart device such as a smartphone, tablet, or smartwatch, you may have seen digital wallets advertised in the past which will enable you to settle payments at retailers or earn rewards by changing your shopping or spending habits. How do payment wallets work? Digital payment wallets are perhaps more known for their ability to facilitate payments through NFC (Near Field...
Read More..DebiCheck is a new way to review and accept debit orders for services or products. Our helpful guide will assist you when using this exciting facility. What is DebiCheck? When accepting service agreements or, for example, signing for a loan repayment, you may have signed for a debit order mandate in the past. This is an agreement that allows a service provider or third party to de...
Read More..Using technology and the latest online services available is a great way to help you plan ahead, spend less on monthly essentials, and find great deals that can help you take your budget even further. In this list, we’ve rounded up five apps that are useful in various ways – from budgeting, to investing, managing debt, finding great deals, and offering affordable insurance. Spende...
Read More..Each year, the Minister of Finance presents the annual budget in a speech which outlines what taxes and duties South Africans will expect to pay over the course of the year to follow. Following the challenges presented by the COVID-19 pandemic and South Africa’s national lockdown, Minister Tito Mboweni this year unveiled several new changes to the way in which South African taxpayer...
Read More..Electricity is essential to every modern home – and regardless of how you access this vital public utility, there’s a good chance that each month your consumption varies as seasons, the weather, and your behaviours change. For that reason, it’s important to understand how we access electricity as a public service in South Africa, and how we can manage this expense month-to-month. It’...
Read More..Apart from property or education, buying a car is one of the most expensive purchases you’ll make during your lifetime. Owning a vehicle gives you the freedom to travel wherever you need to, get to or from work and even help friends or family needing a lift. However, owning a vehicle shouldn’t be considered an investment. Given a vehicle’s value will only depreciate over time – and t...
Read More..2020 proved a difficult year in several ways. Due to the COVID-19 pandemic and national lockdowns around the world, many industries were disrupted and many livelihoods have been impacted. In South Africa, many people have been forced to adjust their financial plans to account for our new reality. While many things have changed in a short period of time, there is much to do to apply t...
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