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R120 Million Cash Stolen from ATMs and Banks During ANC Riots, Financing More Organized Crime and Corruption!

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R120 Million Cash Stolen from ATMs and Banks During ANC Riots, Financing More Organized Crime and Corruption!

More than R120 Million in hard cash was looted from ATMs and banks during the recent ANC violence that swept through parts of Gauteng and KwaZulu-Natal in mid-July. This amount is much higher than the initial estimates and does not include the repair costs.
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Gigaba’s first test: Can he ace the mid-term budget?

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Finance Minister Malusi Gigaba is in an unenviable position. In his maiden budget – today’s medium-term budget policy statement – he must confront, among other things, low economic growth, a tax revenue hole big enough to fly a plane through and the budgetary consequences of struggling state-owned enterprises. These issues are some of the chief..
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Surviving the emotional costs of living together

Cohabitation. A rather functional and uninspiring word for what is, essentially, an exciting time for any couple. Moving in together can certainly save you both money; after all, one household is cheaper than two. But what other implications will it have on your financial situation? Before we go any further, it’s important to discuss the..
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Achieve your franchise dream -here’s everything you need to know

South Africa’s economy is under significant pressure and, for a number of reasons, there is little promise that this will change in the near future. In May this year, the International Monetary Fund (IMF) predicted only 1% growth in 2017, up 0.2% from their previous prediction of 0.8%. While it may be moving in the..
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Why ‘winter is coming’ for overvalued growth stocks

The immediate prospects of any investment are as uncertain as those of any of the popular television series, Game of Thrones, characters but there is no doubt that, as their valuations rise, even stable businesses can become dangerous to own. The battle continues to rage. It maybe not be as gory as Game of Thrones..
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The Art of Giving Back

Believe it or not, you can invest in alternative assets and grow your wealth while creating a vibrant arts sector and creating opportunities for dynamic African artists. Nando’s can show you how. American writer, theologian and mystic Thomas Merton wrote in No Man Is An Island: “Art enables us to find ourselves and lose ourselves..
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How do we want to be remembered?

When it comes to championing the notion of Shared Growth there is a simple litmus test to follow: consider your legacy.  Takeaways Shared Growth means having a positive impact on society while still delivering shareholder value. And knowing that the two are not mutually exclusive. Shared Growth is about more than just giving back, it..
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How To Plan For The Unplanned

Life happens. The geyser bursts. You get an unexpectedly large electricity bill. You break a tooth opening a beer bottle. (Don’t ever do that, by the way, it’s not as cool as you think.) Life happens, and when it does, chances are you are not ready for the financial fallout. Unexpected expenses can happen at..
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Contract or Prepaid? We Investigate Which Is Cheaper

In recent months, the cost of cellphone data and airtime has come under the spotlight. So much so, in fact, that the hashtag #datamustfall has been trending on Twitter as social media users call for service providers to slash their data prices. With good reason, research recently undertaken by Tarriffic, comparing seven countries, rates South..
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Manage Your Ego, to Reduce Your Debt

Wealth and ego are intertwined. From the first moment early civilisations started trading with each other, possessions became a symbol of what sets us apart. Back in the day, a neighbour might envy you as you pulled out your rare ivory-handled knife or marvel at your beautiful wolf skin coat that you’d bought from some..
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