IOL Podcasts

Last week National Treasury announced that it was postponing the the implementation of the proposed two-pot pension fund system by a year, following public consultations in September regarding the proposed system. Initiation is now set for 1 March 2025.   It makes sense as the final legislation has yet to be issued, and parliamentary approval is still required before the industry will have total c...

Predicting investment risk is challenging for a plethora of reasons, including the complexity of markets, the uncertainty factor, and of course basic human behaviour, As many industry experts and personal finance posts have professed, it is important to acknowledge that risk in the financial markets can never be completely eliminated. Given these challenges, investors may employ various strategies...

If you’ve never heard of the term Girl Math, neither have I until recently. It is a social media trend where young women (and Generation Z in particular) justify how they spend their money, especially on non-essentials.  The latest discourse to hit social media revolves around spending, consumerism and economics, both real and imagined. In some videos I saw, young women describe the logical manoeu...

There is very little which is not taxed in South Africa, from sales to sins, even savings.  As a matter of fact, the South African tax system is structured in such a way that it actually punishes investments and income generation. The more wealth you create, the more taxes you have to pay. Incentives are also few and far between, are not being adjusted for inflation, and benefits are stingy at bes...

At last week’s South African Institute of Taxation Tax Indaba, trusts were on the agenda again. And the South African Revenue Service (Sars) new measures of ensuring trusts are run as separate entities (such as companies) on a real-time basis and not on an ad hoc basis in an attempt to prove compliance, was very much part of the conversation. Phia van der Spuy, our regular Trust-to-Trust columnist...

It is National Wills Week, the annual national awareness campaign championed by the law society, that looks into one very important part of estate planning - having a will.  By making a will you ensure that your assets are disposed of in accordance with your wishes after your death. This privilege is called “freedom of testation”. But today I want to explore some of the more technical aspects of n...

Welcome to the Personal Finance Podcast show with me content editor Ruan Jooste. Our show is available on all major podcast platforms including Google and Apple and Spotify to name a few. It will also be loaded on the  iol.co.za  platform under both the podcast and personal finance sections. This podcast might be supported by advertising.  In March, reached the 20 million clients milestone and it...

I recently wrote a Rants and Cents column, on the matter stating that the process is not the be-all and end-all of becoming free of debt, as a matter of fact, it is an expensive exercise and there are a lot of chance-takers out there. I was even threatened with legal action by some of them after I reported some of their misleading and paid-for advertising on Facebook. But Wikus Olivier, the MD of...

Welcome to the Personal Finance Podcast show, with me content editor, Ruan Jooste. Our podcast is available on all major platforms like Apple and Google Podcasts, and Spotify to name a few. It will also be loaded on the  iol.co.za  platform under the Personal Finance and Podcast sections. This podcast might be supported by advertising.  I had two very special guests in studio today, former Persona...

If you’ve seen the news reports about household names in the credit industry being taken to task by the Regulator for “incorrectly selling credit insurance products, was probably the first time you heard about credit life insurance, but if you have ever purchased anything on credit, or taken out an unsecured loan, chances are, you have also bought credit insurance. ‘Credit life insurance’ is the i...

Effective financial planning is essential whether you are in your 20s or your 80s or anything in between, and it means much more than having just a retirement annuity or saving to buy your first home.  I recently wrote in my Rants and Cents column on the rising cost of medical treatment and increasing shortfalls in health coverage, and how the proposed NHI won’t solve the problem.  Medical expense...

The revised 2023 Draft Revenue Laws Amendment Bill was made available for public comment last week Friday. This was a significant step forward and brings much-needed clarity to several crucial grey areas, specifically concerning seeding and accessibility within the new regulatory framework of what is commonly referred to as the two-pot pension system. We have talked about this topic on this podcas...

The research shows that Financial strains have prompted many South Africans to stop paying their risk insurance premiums and cash in their investment policies. In fact, 1Life stats reveal that in 2022, the non-payment of premiums increased by 3% each month and up to 17% in December 2022 compared to December 2021. Furthermore, Asisa statistics show that 689-888 recurring and single premium savings...

Stokvel concepts with appropriate investment models may hold the key to alleviating poverty and extending equal access to economic ownership and capital accumulation in South Africa. Most people have been using stokvels for informal savings over the years, frequently depleting their savings around the December holidays, before spending binges during the festive season and starting over the followi...

There’s an emerging trend in home financing for irregular earners, that drew my attention this week. It's called home ownership through an instalment sale agreement. And as a former full-time freelancer and current contract worker, I know how bumpy the access road to property finance and long-term secured lending can be. But as the buzzwords like remote working, shared workspaces and part-time...

Welcome to the Personal Finance Podcast show with me Ruan Jooste. The Personal Finance podcast is available on all major platforms such as Google, and Apple Podcasts, and Spotify, to name a few. It will also be loaded on our website www.iol.co.za under the personal finance and podcast sections. This podcast might be supported by advertising.  Today we are talking medical aids, and experiencing my...

When your registered company is in financial difficulty, whether due to load-shedding woes, mismanaged funds, outstanding debts or even just due to a tough economy, there are two legal options available to either wind up your commercial affairs in liquidation, or try to rise back from the ashes with business rescue proceedings.   To put it plainly, a successful business rescue aims to restore the...

It has been a month since the Raging Bull Awards gala dinner was held at the Pigalle Restaurant in Green Point Cape Town, and as a final reflection before we start planning next year’s event, we are speaking to Melville Douglas, the boutique investment management company within the Standard Bank Group, and a major sponsor of the awards, on global investment trends and offshore investment opportuni...

It is our Pension Plain episode for March, the monthly feature where we talk about everything retirement-related, whether product, platform or policy. Today’s discussion is on Private debt and how it remains a growing part of pension plan portfolios , it is actually the fastest-growing asset class in the world. To talk us through private debt as an asset class, and the potential it holds for local...

Personal Podcast Show with Ruan Jooste: Raging Bull Awards Special with PSG Asset Management CEO Anet Ahern.

Welcome to this special edition of the Personal Finance Podcast show with me Content Editor Ruan Jooste. Today we speak with Palesa Dube, a Certified Financial Planner and director of advisory practice Wealth Creed in Sandton, who has been crowned by the Financial Planning Institute (FPI) as its Financial Planner of the Year for 2022/23. She received her award at the FPI’s annual gala dinner at Fo...

Welcome To  the Personal Finance’s Podcast show with Content Editor Ruan Jooste. This is your Tax Talk episode for the month of february, where we cover all things tax, returns andred tape. Today we are joined by Jeff Miller, CEO of Grovest and the new Twelve B Green Energy Fund to discuss how South Africans can now get tax break for investing in renewable energy, with the launch of the asset...

Welcome To Personal Finance’s  Podcast show with Content Editor Ruan Jooste. Today we are speaking to Andrew Kruger - Head of Business Analysis at BetterSure Financial Consultants , how how consumers can Be better Protected When an Unforeseen Disaster Strikes and Ensure to Insure the Full Replacement Value of Your Home If you own a home it is crucial that you understand the various aspects in...

Welcome To  the Personal Finance Podcast show with me Content Editor Ruan Jooste. This is the Pension Plain episode for the month of February, where we talk retirement everything, everyone, everywhere. Today we have Meeta Gosai, Head of Income Solutions at Momentum Corporate as my guest, to discuss  what the increase of inflation mean for members of retirement funds? And to explain that...

Welcome To  the Personal Finance’s Podcast show with me Content Editor Ruan Jooste. It is our first show for the year and a special one at that. Firstly, because I have my colleague and Editor Martin Hesse as my special guest today, which is the first time he has agreed to join me on our rather new podcast venture, which was launched in September last year, and secondly because we will be dis...