Despite its many problems, South Africa still offers an attractive lifestyle. It is also a relatively inexpensive place in which to retire.
This is a great advantage for local investors. However, it shouldn’t allow anyone to be complacent about saving for their retirement years.
In this article, we look at the cost of retiring in South Africa relative to many other parts of the world, and what you can think about to ensure that you give yourself the best chance of enjoying a good standard of living when your working days come to an end.
Report Your Traffic Accident Remotely
Traffic accidents, your fault or not, are traumatic affairs. Even minor dings come with their hassles – panel beaters, tow trucks, shock and recriminations, reams of paperwork, having to get a Crash Report Number for the insurers…
That last bit has always been a major added stress factor, requiring a trip to the local police station (unlikely to be a happy experience, and very problematic indeed during the COVID-19 crisis!) and yet more paperwork.
No longer – life just got a little bit easier with the new online reporting service from NaTIS (the National Traffic Information System) on its website here. The submission of the report is legally binding and only applies to “minor damage crashes”, not in cases of injury or death. Note the time limit – “All crashes must be reported within 24 hours or the next working day. (Non-Working days Saturday, Sunday and Public Holidays).”
Get professional help urgently if it’s anything but a minor accident!
Elon Musk, John McAfee and Bill Gates have all bought bitcoin at some point. So have Gwyneth Paltrow, Snoop Dogg and Hugh Laurie.
So, should you?
Just as in 2017 when the price of the cryptocurrency surged for the first time, interest in bitcoin is everywhere. Does it make sense for you to join these famous names and buy some of it?
Read on to learn more about the price of bitcoin and what some top advisers are recommending to their clients.
Pooling your resources with someone else to invest in property can make a lot of sense, whether you plan to share a house, a holiday home, an office or just an excellent investment.
Just remember the old Roman law maxim “co-ownership is the mother of disputes”. Plan upfront for the day that relationships sour or disagreements arise. Otherwise you risk all the hassle, cost and delay of dispute and litigation.
Luckily there’s a simple solution. Read on for your pre-purchase checklist…
As more and more South Africans opt to live together without formally marrying (or entering into a civil union or recognised customary marriage), the need to bust the myth of the “common law marriage” becomes more acute.
Let’s discuss the hard realities of our law as it currently stands, the risks of doing nothing about protecting yourselves from the consequences of break-up or death, and an easy, practical solution that you should implement immediately.
Without it, your financial plan could turn into a financial disaster.
Cheree Dyers, CEO at Prescient Investment Management (emphasis supplied):
“Stimulus measures, pent up demand and supply constraints as a result of the pandemic could together see a rising tide in inflation in the developed world that, if left unchecked, could become the world’s next big problem.
South Africa, as a small open economy, would undoubtedly be affected too. Still, for now, inflation remains under control, and there is a chance that the South African Reserve Bank may take the opportunity to reduce the repo rate again in the first half of 2021. With the country facing a bumpy road in 2021, we could certainly do with any help we can find to buoy the domestic economy during the year ahead.
Much will depend on authorities making wise choices globally – on vaccine distribution and economic policies. In this environment, it will be important to see through the noise and remain well-diversified so that your investments can cope with different scenarios because we are not out of the woods yet.”