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Budget

  • Don't you wish someone told you this about money when you were in your 20s?
  • When I look at the financial education I received at school and university, I always wonder how different my life would be today if I had better quality information. Where would you be if your teachers, parents and mentors taught you more about managing money, the stock market, investing, savings and general day-to-day budgeting? How different would your life be today? Let's take a clo... ››› more
  • [19 July 2016]
  • Get your budget ready for another Eskom price hike
  • If you're celebrating that we're almost through winter and had no load-shedding, I have some bad news for you. You and I might have had an “uninterrupted” power supply this winter but it's going to cost our pockets, big time! According to an article in the City Press newspaper this weekend, “The economy is set for a shock from the combined blows of Eskom's move to hike the cost of tw... ››› more
  • [12 July 2016]
  • Why I welcome South Africa's downgrade to ‘Junk' status…
  • On 16 December 2015 Brazil was downgraded to ‘junk' status by the Fitch credit ratings agency. The country's large budget deficit and political turmoil were the main reasons for this move. But guess what? Far from being the train smash you'd expect it to be, the country's stock market is now one of the best performing ones in the world! In fact, Brazil's stock market is UP 14.1% in d... ››› more
  • [04 April 2016]
  • Four money management tips to help you get on top of your finances
  • Ideally from the moment you start earning money, you should follow key money management principles. But for most of us, it doesn't quite work out like this. You have good intentions to save and budget, but you end up living month to month waiting for your wages to hit your bank account. So what sort of money management should you be following? Read on to find out… Money management... ››› more
  • [26 January 2016]
  • The rand recoups some of its mini budget losses, but risks remain
  • Following the finance minister's medium-term budget address, the rand fell nearly 2%. Two days later and the currency is looking slightly stronger, but it's underperforming other emerging market currencies and could weaken again. Yesterday, the South African Reserve Bank said it may step in if the rand starts to put rising pressure on inflation. Let's take a closer look at what's going on... ››› more
  • [23 October 2015]
  • What yesterday's mini budget means for South Africa
  • Finance minister Nhlanhla Nene had to delay his medium-term budget yesterday as student protests outside of parliament took centre stage. The rand fell sharply from the beginning of the mini budget until Nene had finished his address. And now there's the stark reality of South Africa's credit rating being at risk of further downgrades. Let's take a closer look at what's going on… ... ››› more
  • [22 October 2015]
  • Why the mini budget sent the rand nearly 2% weaker
  • Yesterday, finance minister Nhlanhla Nene gave his medium-term budget address. From the time he began his speech to the end of it, the rand lost almost 2% against the dollar. So why did the currency react so badly? Let's take a closer look… The rand weakened sharply The rand weakened “from R13.27 against the dollar before the mini budget to R13.52 shortly” afterwards, repor... ››› more
  • [22 October 2015]
  • What Nene revealed in his medium-term budget
  • Today saw finance minister Nhlanhla Nene give his medium-term budget. Whilst he didn't drop in any surprises, he did say that the Treasury would be looking at ways to increase tax revenues. Let's take a closer look… South African economic growth should start rising next year Last year, the Treasury introduced a number of austerity measures to cut back spending, reports Fin24. Nene... ››› more
  • [21 October 2015]
  • What are the chances the finance minister will introduce a new wealth tax?
  • Tomorrow, the finance minister Nhlanhla Nene will give his medium-term budget. With the government's coffers feeling the strain of slowing economic growth, Nene is under pressure to introduce new ways of increasing tax revenue. But how is he going to do it? Since Thomas Piketty, a French economist, suggested introducing a new ‘wealth' tax in SA, could this happen? Let's take a closer lo... ››› more
  • [20 October 2015]
  • How to make your retirement comfortable
  • You no doubt know that planning for retirement from a young age gives you the best chance of achieving your financial goals for when you get there. To really prepare adequately for retirement, you need to spend time now making some decisions. This will help you plan more effectively. Let's take a closer look… Work out your retirement budget When you retire, the expenses you have n... ››› more
  • [14 October 2015]
  • Financial planning 101: How to put together a budget
  • Successful financial planning boils down to successful budgeting. If you don't have a budget, you don't know what you're doing with your money. By putting a budget in place, you can spend your money more effectively and put more of it to work. So how can you put together the perfect budget? Read on to find out the four steps towards putting together a budget… Budget planning step ... ››› more
  • [12 October 2015]
  • Motorists beware: The petrol price is rising a hefty R1.62 a litre on Wednesday
  • This afternoon, the Department of Energy announced a hefty hike in the price of petrol and diesel. This is thanks to a rising oil price and a weak rand. But what's making it even worse is the additional fuel levies the finance minister announced at the budget last month. Let's take a closer look at how much more you're going to pay at the start of April… The petrol price is on the ri... ››› more
  • [27 March 2015]
  • Thanks to the budget, if you're a higher earner you will be paying more income tax
  • The budget address at the end of last month revealed some news that higher earners didn't want to hear. Personal income tax is rising if you earn more than R181,900 a year. So what does this mean for you? Let's take a closer look… Personal income tax rises 1% if you earn more than R181,900 a year During his first full budget speech, the finance minister Nhlanhla Nene said that “... ››› more
  • [20 March 2015]
  • Motorists prepare for a hefty petrol price hike on Wednesday
  • Recently, motorists have looked forward to the first Wednesday of the month when the new fuel price comes into effect. For months, it's been trending downwards. But change is afoot this week. On Wednesday, motorists will have to cough up significantly more for a litre of petrol or diesel. And motorists have further hikes to prepare themselves for in the months ahead. So how much more ... ››› more
  • [02 March 2015]
  • The rand continues to digest the budget before the release of trade data later today
  • The rand had been quite volatile in the run up to the finance minister's budget speech on Wednesday. But since Nhlanhla Nene revealed his first annual budget, the rand has found some strength. It hasn't managed to hold onto all the gains it made, but it has settled at a stronger level than earlier in the week. Now traders are waiting for the release of trade data this afternoon. Let's tak... ››› more
  • [27 February 2015]
  • What today's budget means for you
  • Earlier today, finance minister Nhlanhla Nene gave his first full budget speech. So what impact will today's budget have on you and your pocket? Let's take a closer look… The fuel price will rise 80.5c thanks to levy hikes Over recent months, motorists have benefitted from the falling oil price. This has resulted in significant cuts to the fuel price. But the finance minister took... ››› more
  • [25 February 2015]
  • The rand weakens ahead of a jam-packed week of economic data releases
  • This morning, the rand has succumbed to pressure as a week of data releases and the Budget looms. This week sees the release of GDP data, trade data and producer inflation. And the market is waiting to see what the finance minister reveals in this year's Budget on Wednesday. Let's take a closer look at what's going on… The rand softens against the greenback The rand is weaker agai... ››› more
  • [23 February 2015]
  • The Reserve Bank hints that interest rates may remain unchanged for some time
  • South Africa's economy has been through the mill this year. The first half of the year was marred with strikes that crippled the economy, pushing growth briefly into contraction territory. The rand has been weak, struggling to strengthen below R11/$. This helped inflation break out of the top end of the central bank's inflation target range for much of the year. Yesterday saw the release ... ››› more
  • [02 December 2014]
  • The rand manages to hold below 11/$ on the back of Nene's debut mini budget
  • The last few weeks have been hard going for the rand. A strong dollar and investors staying away from riskier assets has hit the currency. But since Wednesday when finance minister Nhlanhla Nene gave his first medium-term budget, the local currency has managed to sustain its gains. It appears traders liked the measures Mr Nene outlined to deal with South Africa's burgeoning budget deficit. L... ››› more
  • [24 October 2014]
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