In the R1.8-billion BHI Ponzi scheme case, Sona Pillay is alleged to have visited the Sun City casino 131 times where he reportedly placed bets totalling R800 million over four years, , withdrawing large amounts in cash to launder the money.
Let these optimistic binge-spenders be a cautionary tale if you ever suddenly find yourself with deep pockets.
How and when you retire depends on how well you’ve prepared in the years leading up to it, and South Africa has one of the worst savings rates in the world.
When it comes to investing, and investing wisely, the informed will tell you that it’s a long game.
Go ahead and tick off life advice and guidance and impart a strong sense of right and wrong and all that. At the same time, it’s worth passing on a few financial words of wisdom as well.
Tick a few of these boxes and you may seriously jeopardise your retirement planning.
When it comes to the ‘Rule of 72’ compound interest is king.
Planning for your future isn’t something you do on a nudge or a whim, which is where the financial experts come in.
We often fall back on the same old myths, commonplace assumptions, and excuses to avoid taking responsibility for our finances.
Not all investments are created equal, and understanding the rule of 72 should help make informed decisions about which suits your needs.
These financial planning basics are aimed at encouraging saving during a time in which many are feeling the strain.
With more and more South Africans looking to invest offshore, it’s about time you knew the difference between your SDA and your FIA.
If you want to retire in relative comfort, here are three ‘guesstimates’ to work out how much you will need to have tucked away.
WallStreetBets has set their sites on a new investment opportunity, and we could all benefit from the returns on this one.
The financial year ends on February 28, so the window of opportunity to maximise your tax return for the year is rapidly closing.
Here’s how to keep on track with growing your wealth when your finances don’t look that different from what you were working with last year.
February 29 is the final day of the South African tax year, and thus the final chance for South Africans to take advantage of these investment opportunities.
The world of investing is overrun with myths and commonplace assumptions, that in reality should have no bearing on your financial planning.
When it comes to a sound investment plan, some strategies tend to yield consistently better results than others.
Portfolio diversification is key to growing your personal wealth, and offshore investment is a great way to do that. Here are some of the basic principles.
Every generation has a certain investing personality, from the Silent Generation through to Millennials, that affect the way in which they plan for the future.
As the legalisation of cannabis continues to be discussed in many progressive countries around the world, business is good.
Meet Lethu – an actor, entrepreneur, and future media boss. Lethu’s feelgood story is a classic example of how to thrive.
South Africa is in its first technical recession in nine years. That might scare some, but a shrewd investor could see a window of opportunity.
Many of us have the itch to dabble in buying shares, especially when it’s now become so easy. Before you do, how about this massive first for South Africa?
Here’s something we don’t hear regularly – it’s OK to say that you don’t know enough about a topic to have an educated opinion.
Naspers, the largest company in Africa in terms of value, didn’t have a great Wednesday. At one point, the share price had dropped 10%.
It’s not easy finding a way to save a little dosh each month. That being said, South Africans across the board aren’t doing stellar work in this department.
Buying shares listed on overseas exchanges has always been a bit of a hack, but all that has recently changed. Yup – you can own a bit of Manchester United.
Sometimes I pretend to be on the phone, talking about big deals and share sales, just to feel important. Shouldn’t have bothered, because getting involved is pretty simple.