News Articles

“South Africans urgently need to gain control over their finances,” says Kanyisa Ncemane, Customer Solutions General Manager at Old Mutual Personal Finance. “Improving savings in our country is one of the major socio-economic challenges facing us as a society.”

We understand that client’s needs change and budgets can be tight. Here is a quick cheat sheet on how to reduce your risk cover.

Just about from the day, we bring our babies home from the hospital, we begin stimulating their little minds. But even though many of us get our investment in our children’s minds, bodies and safety right, we often forgot to invest in their financial future.

Farming is a cornerstone of the economy of every country. It is also one of the riskiest of businesses, being so dependent on climate, labour, machinery, pricing, disease control … and the presence and skills of the farmer.

The death of someone close to us is always traumatic, an experience that has major emotional and financial implications. However, a little bit of forward planning and clear instructions can help minimise financial burdens your next of kin will have to face — allowing them to grieve without additional worry.

In today’s world, it is easy to forget the role that money plays in all our lives. It is not limited to purchasing power or the number of things we can spend it on. No, money can (and should) be so much more. Proper financial management is about having the information to plan and afford a lifestyle that is comfortable and worry-free.

1. VAT increased from 14% to 15%
Government will raise the lion’s share of the R36 billion in additional taxes in 2018/19 through a one percentage point hike in the VAT rate. This is expected to contribute roughly R23 billion to the fiscus. To limit the impact on poor households, the current zero-rating on basic foodstuffs such as maize meal, brown bread and rice will remain in place. Vulnerable households will ...

GREENLIGHT risk cover is your safety net when life goes the unplanned way. In 2016, we paid over R4 billion in claims to make sure that our customers and their families are financially protected against death, disability and severe illness. With great expertise, backed by 172 years of wisdom, you can be sure that we’ll be there for you when life takes a detour.

Enduring a severe illness can put your health, and life, on hold. And while the fight back to recovery is not easy, it’s also not impossible. At Old Mutual, we promise to look after you, your family and business when you need it most – with a tax-free lump sum payout to help you lessen any financial worries and focus on a better and speedier recovery.

With the reality of divorce, retrenchment and severe illness, relying on ones partner can have disastrous consequences. Women that rely solely on their partner’s plans for retirement could find themselves in trouble, especially if their marital status changes suddenly.

It takes a certain kind of superhuman strength to be a single parent these days – often not knowing whether you’re coming or going and carrying the weight of the world on your shoulders.

It is said that a man’s greatest fear in old age is loneliness, whilst a woman’s is poverty. This fear may not be unfounded if one considers that women do not seem to take their retirement planning as seriously as their male counterparts – in fact, only around 1/3 of retirement annuities are owned by women!

Women in South Africa today are busier than ever before. We run our own businesses, create jobs and have a voice in multi-million rand corporations. At the same time, we are caring for our families, running households and making sure that our children get the best education possible.