Posts by Ross Reid
Written by Ross Reid.
Regardless of how much money we accumulate, most of our financial decisions are influenced by emotions or impulse. Financial decisions are often the last thing we want to think about due to our busy daily schedules and the perceived complexities around the topic. Even when we do manage to be diligent, there will be times… Read more →
With winter arriving, it’s important to not leave your finances out in the cold. Utilities, mainly comprising water and electricity, make up a significant portion of many South African’s budgets.
Warren Buffett is one of the most successful investors in the world and has personally amassed over $80 billion during his successful career. He was once asked what he thinks the greatest investment was and his answer surprised many people.
The South African Reserve Bank (SARB) has recently given heavily indebted South Africans some breathing room. If you were drowning in debt, you would be applauding the interest rate cuts that have taken place over the last couple of weeks.
The global pandemic has resulted in the increased need for access to the internet. But cybercrimes pose a significant risk to our financial wellbeing as they grow in sophistication.
Let’s imagine you’re at a busy traffic intersection, patiently waiting for the light to turn green.
Covid-19 is causing a detrimental effect on health systems and economies around the world. However, there are other global risks which haven’t been given as much exposure with Covid-19 dominating global news headlines recently.
As discussed in our Slice newsletter this week, Open Banking is the term used to describe the sharing of your financial data through electronic and secure means with third parties (like 22seven) of whom you have approved.
Open Banking involves the consensual sharing of your financial data to third parties, in a secure manner, in an effort to help improve your financial situation. South Africans would benefit immensely from a similar regulatory environment that currently exists in places like the UK.
South Africa has been downgraded over time to junk status. Our growing and unstable Debt-to-GDP ratio is a large reason for this.