Filing Season for 2020 has opened so its time to prepare that tax return again. For the average salary earner in South Africa, there isn’t much left to deduct on your return. Car allowance and retirement annuities are just about all that is left to consider. Travel...
DebtBusters quarterly analysis for Q2 2020 clearly shows how consumers’ exposure to debt has significantly deteriorated over lock down with higher-income earners in particular under debt pressure. This is borne out by the increase in unsecured debt, which on average...
A linked investment service provider (LISP) is probably one of the lessor understood investment vehicles. Most investment houses have them and have been around for a while. What are they?They are investment platforms which offer access to a universe of investment...
The South African Reserve Bank (SARB) cut interest rates by another ,25% on Thursday which is brings the total reduction in interest to 3% for 2020. The repo rate which is applied to banks is now 3,5% and prime lending rate applied to consumers is now 7%. The lowest...
In depressed economy returns on various investments are weak if not negative. The South African Stock Market year to date is -2,3% with a total return of 0,6%. Fees become more noticeable when returns are low as they appear to reduce your returns leaving less for...