Financial Planning

In S.A, Minister of Finance will table 2025 budget on 12 March

South Africa's Minister of Finance Enoch Godongwana has confirmed that the 2025 budget will be tabled on 12 March, following additional deliberations within the cabinet. The budget speech was initially set for yesterday, but government decided to delay it to allow further discussions. Godongwana told the media the delay is in line with the Public Finance Management Act, which allows for a postponed presentation in exceptional circumstances:

20 February, 2025 42

Business / Economics

Bank Windhoek Warns Against Poor Financial Planning

Bank Windhoek's Credit Executive Officer, Eddie King, identifies poor financial planning, unexpected expenses, economic downturns, and over-reliance on credit as major causes of financial default. He stresses the importance of budgeting, emergency funds, and strong financial planning to navigate economic challenges and avoid high-interest debt traps. King urges individuals and businesses to stay informed about economic trends to make better financial decisions.

5 February, 2025 26

Business / Economics

Saving for retirement in South Africa? Four tips to navigate the new pension rules

By Adrian Saville, University of Pretoria South Africa is changing its pension laws. The new system is designed to give individuals the opportunity to access only a portion of their retirement funds before they retire in the case of dire need – or even in case of desire. To an extent, this makes sense, given the low savings rate in the country. It forces individuals […]

31 July, 2024 25

Local

Expanding footprint in northern Namibia: Sanlam celebrates the grand opening of two new branches

Sanlam is delighted to announce the grand opening of two new branches at Eenhana and Omuthiya in northern Namibia. The opening of the Eenhana and Omuthiya branches marks a significant milestone for Sanlam as it expands its reach and services to better serve members of the community. These new branches are a testament to Sanlam’s commitment to providing top-notch insurance and financial solutions tailored to meet the […]

12 July, 2024 46

Opinion Pieces

Cultivating Careers though Financial Planning in Namibia

By Ronny Shapumba, Development Manager, Personal Financial Advice, Old Mutual Namibia In today's ever-evolving economy, many individuals are on the lookout for careers that not only promise financial stability but also offer personal fulfilment and room for growth. One field that's been increasingly catching the eye of aspiring professionals in Namibia is financial planning. It's not just about numbers; it's about the potential to […]

3 July, 2024 38

Africa

South Africans uncertain about two-pot retirement system

The two-pot retirement system comes into effect on 1 September 2024 in South Africa. It allows people to withdraw a portion of their retirement funds before reaching retirement age. The rest will be preserved to sustain them post-retirement. However, many South Africans remain concerned as to how it will work and its impact. We asked Local Pension Fund Expert Arthur Kröhnert for his opinion on the matter.

23 April, 2024 55

Local

Keeping your financial compass true

Life is a journey filled with unexpected turns. While we plan for the future, significant changes in our circumstances can occur – marriage, children, career advancements, or even health concerns. These milestones can leave our long-term insurance plans misaligned with our current needs. This is why we need to emphasise the importance of regularly reviewing your insurance portfolio to ensure it remains a robust safety net, safeguarding your […]

5 April, 2024 13

Africa

Victims of Jammeh’s Barbaric Rule in Gambia Still Hope for Solace and Money

Gambia, a tiny country of 2.6 million tightly knit people, located right in the middle of Senegal in West Africa, is still struggling to recover from the brutal 22-year authoritarian reign of Yahya Jammeh. He was the longtime former president who fled the country in 2016 to nearby Equatorial Guinea after he lost re-election and regional states forced him from power. A range of United Nations agencies and bodies […]

28 March, 2024 28

Business / Economics

Financial Planning for Namibia’s Millennials

By Ashante Manetti, Group Marketing Manager, Old Mutual Namibia Financial freedom. It's a term that conjures up images of early retirement, dream vacations, and unshakeable security. But for Namibia's millennial generation, this dream can often feel shrouded in uncertainty. With student loan burdens, a competitive job market, and a rising cost of living, achieving financial stability can seem like an uphill battle. Financial planning for millennials isn't […]

28 March, 2024 20