3 things that are killing your wallet in South Africa right now

South Africans should address the three expenses that could be absorbing over 60% of their disposable income, says Yanga Nozibele, Investment Associate at Cannon Asset Managers. According to the most recent StatsSA Living Conditions Survey, the three major costs weighing on South Africans’ budgets are housing and utilities (32.6%), transport (16.3%), and food and non-alcoholic beverages (12.9%). Together, these three costs account for some 61.8% of all household expenditures. For…  Read more

Rand steady as traders eye Fed, stocks down

The rand steadied against the dollar on Tuesday, struggling for momentum as investors awaited clues on US monetary policy from the Federal Reserve officials and domestic data. Stocks closed lower. At 1500 GMT the rand was trading at R14.17 per dollar, after closing at R14.19 on Monday. Trading was largely muted ahead of US Federal Reserve Chairman Jerome Powell’s testimony to the Congress and release of minutes on Wednesday from…  Read more

How should you invest after retirement?

Traditionally, investors have been told that when saving for their retirement there is a standard path to follow. In the early years, when they are younger and many years from the end of their working lives, they can afford to take more risk and maximise their exposure to stocks. As they near retirement, however, they should become progressively more conservative with their money, moving from shares into cash and bonds.…  Read more

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