📊 Market Snapshot Here’s where key currencies and commodities closed on Friday, 7 February 2026: 💱 Forex Rates Pair Rate Weekly Change 🇪🇺🇺🇸 EUR/USD 1.1794 ▲ +0.8% 🇬🇧🇺🇸 GBP/USD 1.3590 ▲ +0.6% 🇺🇸🇯🇵 USD/JPY 157.08 ▼ -1.2% 🇺🇸🇨🇭 USD/CHF 0.8752 ▼ -0.9% 🇦🇺🇺🇸 AUD/USD 0.6847 ▲ +0.4% 🇺🇸🇨🇦 USD/CAD 1.3448 ▼ -0.5% 🇺🇸🇿🇦 USD/ZAR 15.99 […]
Navigating the Two-Pot Retirement System: A Taxing Journey with a Twist
South Africa’s new two-pot retirement system offers a fresh approach to accessing your retirement savings, but it comes with its own set of challenges—especially when it comes to taxes. This guide breaks down the key tax implications with humor and insight, helping you understand how to avoid pitfalls that could eat away at your savings. From the risks of pushing yourself into a higher tax bracket to the hidden fees that can erode your nest egg, we explore how to make the most of your retirement funds while staying on the right side of SARS. Whether you’re considering an early withdrawal or planning for the long term, this article offers practical advice to ensure your retirement plan remains on track.
Confused about life annuities vs living annuities in South Africa? This guide explains the key differences, pros and cons, and helps you choose the right retirement income option. Life annuities guarantee income for life, while living annuities offer flexibility. Contact Old Mutual Secunda for personalized advice.
Introduction The implementation of the National Health Insurance (NHI) marks a pivotal shift in South Africa’s approach to healthcare. Signed into law on May 15, 2024, by President Cyril Ramaphosa, the NHI aims to address the deep-seated inequalities in healthcare access and quality, ensuring that every South African has the right to health services without […]
Understanding the Tax Implications of Life Insurance Payouts in South Africa Life insurance is a critical component of financial planning, providing peace of mind and security for the future. In South Africa, understanding the tax implications of life insurance payouts is crucial for both policyholders and beneficiaries. The Importance of Life Insurance Life insurance serves […]
Why is Life Cover Important? Life cover, commonly known as life insurance, is an essential component of financial planning that offers peace of mind for you and your loved ones. Here are several reasons why investing in life cover is crucial: Financial Security for Your Family: Life cover ensures that in the event of your […]
Most people have complicated relationships with money. After all, it serves a pivotal role in all of our lives; from housing costs and food to electricity bills, education and even entertainment – there’s no escaping it. Spending and saving habits are bound to vary from person to person, but there is always something you could […]
