Absa bank offers a comprehensive range of personal loans. These loans are offered with a personalised interest rate. The bank understands that individuals often have unexpected expenses to deal with. For this reason it has made a personal loan option available to assist individuals looking for a financial boost. What are the benefits of choosing an Absa Personal Loan? You get flexile Absa Personal Loan applications You get immediate access to funds after approval You get access to personal loan amounts between R3000 and R350 000, with 12 to 72 months to pay. Flexible repayment terms are offered, giving individuals a reasonable amount…
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Saving money can be a bit challenging if you don’t what it takes spend your earnings in a healthy way. Most people end up getting themselves into debt simply because they don’t spend their money in a smart manner. To avoid get yourself into debt, there are various ways you can employ. What you can do is cut back in a big way some of unnecessary spending in one or two spending categories and get ahead on your financial goals. Below are some of the ways you can use: Don’t spend your money in restaurants: Spending your money in restaurants…
The battle between entertainment giants DSTV and Netflix in South Africa has become more contested in recent years. In 2017, DSTV lost 100 000 premium subscribers, while Multichoice, which owns DSTV, estimates that Netflix ownership numbers are between 300 000 and 400 000. In a country like South Africa, these statistics are never as clean-cut. Taking into account the cost of data, viewers are looking for convenience, entertainment and affordability when it comes to the DSTV vs Netflix battle. In an age when access to all things digital has made it much easier to get entertainment 24/7, DSTV is finding it much harder to retain subscribers. The hefty fees associated with the brand have also come…
Kabelo is a new father, looking to provide the best for his family. He and his wife want to extend their home to have more space for their growing family. They have considered a number of options, but have settled on applying for a personal loan. When he could apply for a Bayport Personal Loan, he wondered how this would affect his credit standing as well as his financial standing. Fortunately, Bayport is a reputable lender, so Kabelo and his partner can rely on good quality service and good terms. Some of the benefits offered by a Bayport Personal Loan: Fixed interest rate throughout loan…
Preparing for retirement is something that every individual needs to prioritise. To retire peacefully, one needs to plan ahead of time, before it’s too late. It makes no sense to start saving for retirement in your 50s, when you could have started comfortably in your 20s. This is not to say that it cannot be done, but it becomes much more challenging. Track what you own and owe By doing this you are able to then create an emergency account. You should ideally save an amount that can sustain you for more than six months. Part of this process includes listing your assets. Have a spending…
When many people think of entrepreneurship, thoughts of a tough path towards success are often at the forefront of their thought processes. The entrepreneurial is journey is never easy, but it can be managed well with a plan in place. Entrepreneurs are by nature, self-reliant individuals, so they may not necessarily follow the basic rules of entrepreneurship, even though they may ultimately follow some kind of structure. There is no straightforward path towards success as an entrepreneur, but taking a few steps can make the process much easier. Get a Mentor By enlisting the help of an individual with more experience, entrepreneurs may be able to avoid making common mistakes. By consulting, they may get…
For any individual or business entity interested in accessing credit, few words are as important as these two: “Credit Score.” Having a good credit score is vital for qualifying for finance from reputable lending institutions. The reality is that for any lender to trust an individual or entity with the finance provided there has to be some kind of track record in place in terms of how well they have repaid their previous creditors. This is essentially why a credit score exists. Lenders are able to go back to the credit records of credit applicants to ascertain how they have handled previous credit agreements. This is often a reliable indicator of how well they may handle their…
The World Bank projects that South Africa’s economy will grow to 1.3% in 2019, down from its June 2018 estimate of 1.8%. It said that growth in 2019 is likely to remain subdued because of challenges in mining production, low business confidence and policy uncertainty. “High unemployment and slow growth in household credit extension are expected to constrain domestic demand in 2019, while fiscal consolidation limits government spending,” it said. Goldman Sachs, meanwhile, expects the local economy to grow almost 3% in 2019, helped by President Cyril Ramaphosa’s reforms and strong global growth, the bank’s sub-Saharan Africa head told Reuters. GDP Annual Growth…
A pension fund is if an employee who has a pension fund retires the member gets one third of the total benefit in a cash lump sum. And the other two-thirds is paid out in the form of a pension over the rest of the member’s life. As a society, retirement savings in a country need to be addressed. At the same time ensuring that those who are saving diligently are able to benefit from their savings during their retirement. This is where a Pension Fund Act would come in. Because just as with any Act out there, the Pension Fund Act is there to…
The South African Social Security Agency (Sassa) grants social grants to categories of people who are vulnerable to poverty and in need of state support. These are older people, people with disabilities and children. The social grants get paid out from the first of each month. The grants get deposited each month into the beneficiaries’ bank account where they can then access it in supermarkets and ATMs, whilst other beneficiaries receive their money from cash vans and community halls. Sassa is part of a well-established welfare system in South Africa (SA) and a large proportion of social spending goes towards social grants. Social Grants are in place to improve standards of living and redistribute wealth to create…