Fulufhelani Mashapha recently published her book Mind Your Cents – A Practical Approach to Financial Freedom. Fulu had asked me to read her draft copy and to write the book’s foreword, and I took the opportunity to interview her about her experiences as a young professional navigating the world of money. What I really love […] The post Listen: The young professional’s guide to money mastery appeared first on Maya on Money ..read more

If you hold crypto assets, you need to understand crypto tax — how the South African Revenue Service (SARS) taxes your investments and trades. SARS has provided some guidance on how it handles the taxation of crypto assets, but many people still make mistakes that can result in penalties or non-compliance. Christo de Wit, South […] The post Crypto tax in South Africa: what you need to know appeared first on Maya on Money ..read more

What do you not know about your finances that may be hurting you? Knowledge is power, so isn’t it time to find out? A couple of months ago, a friend of mine sent me the link to neuroscientist Dr Andrew Huberman’s podcast on the effects of alcohol on our brains and bodies. I didn’t listen […] The post Knowledge is power appeared first on Maya on Money ..read more

Therèse Havenga, Head of Business Transformation at Momentum Savings, sets out how much a holiday can really cost you if you don’t plan ahead. I usually sleep too late when it comes to booking a holiday. I’m so task-oriented at work that holiday times seem to creep up on me. Last year I had to […] The post The best way to fund your holiday appeared first on Maya on Money ..read more

Interest on your credit card is calculated differently in South Africa from how it works in various other countries. Social media is full of tips on how to maximise the interest-free period on your credit card. The problem is that credit cards in South Africa work differently from those in other countries. This can lead […] The post How interest on your credit card really works appeared first on Maya on Money ..read more

A stokvel is more than just a savings group; it helps people build wealth and make their communities stronger. The end of the year is “stokvel season” – a time when most members receive their payouts. It’s also a great time to take a closer look at your stokvel and make sure that by this […] The post Make your stokvel work harder for you and your community appeared first on Maya on Money ..read more

The sheer number of savings pot withdrawal applications by GEPF members has caused some technical glitches, but these are being dealt with and the speed of payouts should start improving soon. As at Friday 4 October, the GEPF had received 252 592 applications for savings pot withdrawals, but only 1 700 payments have been made. […] The post Technical issues hamper GEPF payments appeared first on Maya on Money ..read more

We are all being inundated by Black Friday specials. My inbox is full of both press releases and offers from retailers. But how many people know about Buy Nothing Day? Buy Nothing Day was set up as a protest against consumerism. It is held on the last Friday in November – on the same day […] The post Buy Nothing Day appeared first on Maya on Money ..read more

Standard Bank has made it easier for clients to access previously unclaimed dividends, pension, and insurance benefits. In collaboration with the unclaimed benefits tracing company Robin Hood, Standard Bank has made the process of claiming these benefits seamless through its banking app. “Some clients are owed a few thousand rands, while others have large amounts […] The post Find your unclaimed benefits on the Standard Bank app appeared first on Maya on Money ..read more

Criminals are now using AI to create sophisticated phishing emails, build hacking tools and uncover weaknesses in IT systems. While the world marvelled last year at the ease with which artificial intelligence (AI) tool ChatGPT completed tasks for everyday users, the criminal underworld celebrated the launch of FraudGPT on the Dark Web in July 2023. […] The post Criminals using AI to target retirees appeared first on Maya on Money ..read more