Loyalty programmes are offered by retailers to encourage you to shop at their outlets. We explore how you can leverage these schemes to boost your budget. What is a loyalty programme? Loyalty programmes are reward schemes that are designed to attract and retain customers that can either offer discounts on goods or services, offer free rewards, or can give a ‘cashback’ option where c...
Read More..Currencies are used to exchange for goods and services, but how are they valued? In this helpful guide, we explore what defines the South African Rand. What is a ‘currency’? “Currency” is a term that refers to a medium of exchange for goods and services. While today people would traditionally use paper or coins (or digitised representations of paper or coins) when transacting either...
Read More..Dealing with load shedding has become a familiar challenge for South Africans, requiring us to continuously adjust our budgets and plans to cope with life without electricity, even for short durations. 2023 has witnessed the emergence of Stage 6 load shedding, characterized by rolling blackouts that sometimes extend beyond eight hours per day. As a result, the financial implications...
Read More..An estate is what is called a ‘legal entity’ or ‘legal vehicle’, which is used to manage your assets and your finances after you have passed on. Rather than immediately distributing all of your wealth or possessions to loved ones, an estate can manage these assets as a company or group of people would – creating what is called ‘continuity’ after your passing, where you can create rule...
Read More..With the sudden spread of COVID-19 across the globe, and the need for our government to initiate a national lockdown to control the rate of infection and manage the capacity of hospitals and clinics to care for the affected and vulnerable, the National Treasury has needed to adjust the budget that was first presented in February this year to accommodate for the financial impact felt o...
Read More..The national lockdown can be financially challenging – our list of resources and options for financial relief can help you control your income and cash flow. Submit a claim to the UIF or TERS The Unemployment Insurance Fund has offered assistance during the COVID-19 pandemic and has set up specific benefits for, and made existing benefits applicable to employees that are financially...
Read More..Our national lockdown has brought on new financial challenges. From managing your expenses to generating additional income, our in-depth guide is here to help. Switch to a cheaper bank account It often goes unsaid that one of the most silent, and yet pricey, expenses you may be settling each month are your bank account fees. In South Africa, there are many different types of banking a...
Read More..Though many South Africans might rely on different forms of income – whether you are formally employed or a business owner who takes on various positions – most of us are reliant on a steady stream of income from month-to-month to meet our expenses and grow our savings and investments. For that reason, facing a loss of income can naturally be stressful and concerning – especially if t...
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