I had to make a trip to SARS in Cape Town this am to hand in the 6 paper provisional tax returns that I cant get on efiling – this is despite several email and telephonic requests to SARS to get them on e-filing.
As I arrived there I was greeted by the site in the [...]
So Eskom’s been granted increases of 24.8%, 25.8% and 25.9% for the next 3 years. Not as big as they wanted but still significant. What does it mean for us as consumers?
There is a beautiful little rule called the “rule of 72″ which states if you want to know how quickly something will double in [...]
Oh dear…the old adage certainly rings true (yet again). Following on the most recent post about Fundisa, a friend and I were re-doing the maths…seems like I got it totally wrong…apologies for that!
The returns seemed too good to be true – the problem is with my maths and understanding of how the product works…which raises [...]
PLEASE BE AWARE THAT THE EXPLANATION OF FUNDISA’S RETURNS IS INCORRECT – IT WILL BE CORRECTED IN A LATER POST. Gregg
Currently the cost of a university degree is about R31000-R35000 per year, so over 3 years that is pretty much R100000. If varsity fees continue to increase at levels above inflation then this will increase [...]
2010, it’s finally here…
In just over 1 months time it is the end of the 2010 tax year and there are 2 important deadlines that go with this. They are:
Retirement annuities:
RA contributions need to be made before the end of Feb. This year the 28th is on a Sunday so all contributions will have [...]
I attended a refresher workshop for CFP® Professionals hosted by the Centre for Financial Planning Law (UOFS) on Friday. This is part of the continuing education that Certified Financial Planners are required to do in order to maintain their CFP® status.
One of the interesting things from the workshop was to learn that Financial Planning only [...]
I recently read an article where the person was writing about how to choose a financial planner/advisor…some of what he said made absolute sense. Such as, asking for references from existing clients and checking that they are in fact registered with the Financial Services Board. But then, I am afraid, he lost all credibility when [...]
I recently had a most disturbing (if not revealing) conversation with a board member of ASISA (the association for savings and investments in South Africa). But before I proceed, a bit of background and history on ASISA. The following is taken directly from the ASISA website www.asisa.co.za. (If you already know all of this then [...]
Results from the American Demographics poll showed that retirement is more difficult than becoming a parent or than getting married*. Those that felt retirement was the most difficult adjustment said that they struggle with the monotony, boredom, lack of purpose and lack of intellectual stimulation that traditional retirement offers. So if this is the case, [...]
Continue reading about Retirement – life event, not just a financial event!
There was a lot of information about medical aids in the weekend press, a lot of it was very critical of the many schemes. While some of it is certainly warranted, what most people dont seem to grasp is that while many of us think that we are members of a medical aid, we are [...]
Continue reading about Medical aid or glorified hospital insurance?
