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Ways to spot get-rich-quick schemes

Ways to spot get-rich-quick schemes

For many people greed and unrealistic expectations combined with desperation are human cancers when it comes to making investment decisions. Regrettably, decisions are made without asking any questions about the authenticity of the opportunity. The result is the continued loss of cash by people whose initial intention was to make financial returns for their livelihood and sustenance.

From poor to the rich, everyone is taking strain

If money issues are a major source of stress in your home, don’t feel alone. There has been a significant increase, year on year, in the levels of financial stress in households across all income brackets, the latest Old Mutual Savings & Investment Monitor shows.  This year, 50% of all respondents in the annual survey of 1,000 working metropolitan households in South Africa said money was a major source of stress in their homes, compared with 40% of respondents last year.

Zuma's many cabinet reshuffles saw public servants operating in silos: Cyril Ramaphosa

President Cyril Ramaphosa has lambasted frequent cabinet reshuffles under his predecessor Jacob Zuma, saying they resulted in policy uncertainty and a government operating in silos.

S.A unit of carmaker Ford to add 1,200 jobs

South African unit of carmaker Ford to add 1,200 jobs

Bills targeting China's Huawei introduced in U.S. Congress

Bills targeting China's Huawei introduced in U.S. Congress

Pineapples make sweet return

Community work on revived farms bears fruit

Potato farmers learn new skills

We now produce quality products, says Ndobeni

Car exports derailed as workers embark on a go-slow at SA ports

Public enterprises minister Pravin Gordhan said a go-slow by workers at ports was affecting the automotive industry and other commodity exports.

Government Employees Pension Fund was 'misled' about R4.3bn investment

The fund that looks after the pensions of 1.7 million current and former public servants was misled by the Public Investment Corporation (PIC) in respect of its R4.3bn investment in Ayo Technology Solutions, an inquiry into the state-owned asset manager heard on Monday.

Nedbank says YES to job creation

Lift for youth employment.

Three steps on how to manage the risks that come with buying Bitcoin

SPONSORED | Like any investment or new technology, there are always risks. Here’s how to protect yourself as much as possible

Zimbabwe hikes fuel price again after minister says it's still cheap

Zimbabwe hikes fuel price again after minister says it's still cheap

Embattled Steinhoff reports major losses

JOHANNESBURG — South African retailer Steinhoff reported a $401 million (R5.6-billion) half-year loss from continuing operations on Friday, as the damage from a massive accounting scandal drags on. Steinhoff first flagged holes in its accounts in December 2017 — the warning shot for an accounting fraud since put at over $7 billion — shocking investors that had backed its transformation from a small South African outfit to a discount furniture retailer spanning four continents.

SAVINGS MONTH: Use your salary for a bursary and save big on tax

Through a company bursary or scholarship you don’t only open the door to education, but you can stretch your income.

Kagiso Stable Fund a good option for risk-averse investors

To help support transformation in SA’s asset management sector, Sowetan Money has launched a monthly series profiling easily accessible and affordable unit trust funds managed by black asset managers. In the third of our series we find that track record, trust, investment philosophy and strategy are key building blocks for success.

Do the maths before consolidating your debts

The idea of consolidating multiple debts into one account is becoming increasingly popular, but are all debt consolidation plans beneficial to all consumers?

Watch out for creeping credit limits

The National Credit Act allows for a credit provider to temporarily increase your credit limit in response to a request from you, and it seems it doesn't have to be verbally.

Woolies' clothing business turns the corner

Department chain Woolworths said on Thursday it had turned around its fashion, beauty and home business after fixing poor product choices in clothing, which had weighed on its sales the previous year. Woolworths shares jumped more than 8% to a 6-1/2-month high after it said sales in its fashion, beauty and home business in the 52-weeks to the end of June rose 1.

Kenya orders Safaricom to shut down betting payments in revenue blow

Kenya orders Safaricom to shut down betting payments in revenue blow

Lesetja Kganyago appointed as Reserve Bank governor

Kganyago’s new five-year term will begin immediately after his current one ends on November 8

Looking for a side hustle? Apply on Gumtree or post a free ad

SPONSORED | How to make your side hustle work as hard as you do

SAVINGS MONTH: Swap the excuses for a solid plan

Saving has nothing to do with how much you earn, but everything to do with the percentage of your income that you spend.

Four times when you have to file a tax return

The general rule is that you do not have to submit a tax return if your income from your employer is under R500,000, but there are factors that would oblige you to do so.

How do I keep my Bitcoin safe?

Cryptocurrencies, like Bitcoin, are stored in digital wallets. A Bitcoin wallet is a secure place to store your Bitcoin. The wallet communicates with the Bitcoin blockchain in order to tell it when you want to send and receive transactions. So while the blockchain is the information layer that stores transactional information, the wallet is like your ‘digital safe’.

Don't deal with Bitcoin Investment, regulator warns

The Financial Sector Conduct Authority has warned consumers against a scaly operator called Bitcoin Investment.

'US and China trade war shouldn't affect SA economy,' says Ramaphosa

President Cyril Ramaphosa has accused the US of being jealous of China’s 5G technology which led to a trade war between two of the world’s largest economies.

Denel asks for R2.8bn cash injection from the state

State defence company Denel has asked the government for a R2.8bn cash injection to help it emerge from a financial crisis and secure lucrative export deals, its chief executive said.

Rand soars as US and China show appetite to resume trade talks

The local currency pushed to its best level against the dollar since April, but lost some ground on Monday amid a falling gold price and rising oil prices

Make sure your medical bills don’t ravage your retirement savings

What most of us don’t realise is that many people will be living longer with an illness, rather than dying from it.
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