"Inflation remains the single biggest pressure point for households. Even where incomes are rising, essential costs quickly absorb that relief. This makes budgeting discipline and financial awareness more important, because households need to…
For Craig Baker, newly appointed Executive Head of Sales, Distribution and Customers at Capital Legacy, the greatest risks to financial planners’ practices aren’t posed by economic uncertainty. He believes the failure to have a certain conversation…
"While there are no official numbers on how many people fell victim to tax-season scams in 2025, the scale of alerts and guidance from professional bodies confirms that there was a significant spike during the filing window, with spoofed emails,…
According to the Organisation for Economic Co-operation and Development (OECD), only around 51% of South African adults meet the minimum target score for financial literacy, while the FSCA has consistently highlighted consumer understanding…
“Financial planning is not about being perfect from January to December. Life changes, and your financial plan should be able to change with it. A mid-year check-in gives people a chance to understand what has changed, what is working, and what…
“For many young South Africans and first-time earners, there is a clear knowledge gap when it comes to short-term insurance. Too often, the value of short-term insurance only becomes apparent after something has gone wrong, whether that’s a…
“For us, innovation has never been about adding technology for the sake of it. It’s about understanding what families actually go through after a death, and building systems, processes and support that make that experience less overwhelming,”…
"Advisers play a key role in helping younger consumers establish a strong financial framework, helping them weigh short-term lifestyle desires against long-term objectives such as retirement funding, asset accumulation, and comprehensive risk…
“Your first salary can create an illusion that you have more money than you actually do,” he says. “The excitement of earning often leads to spur of the moment decisions that become monthly commitments which become years-long financial burdens,”…
"You might want to upgrade your wardrobe, treat your family, or finally buy that car you’ve been eyeing. But this point is where many young South African professionals fall into a subtle, wealth eroding trap known as lifestyle creep," says Anri…
“Getting a headstart on establishing a credit history early, and understanding how to successfully manage it, can improve your chances of accessing substantial credit later in life. Your credit profile is like your financial track record," says…
"Your first salary is far more than a deposit notification on your phone. It is the beginning of your financial life. Whether it becomes a foundation or a fleeting moment depends almost entirely on the choices you make in those first few months,"…
"Many people do not realise how much money quietly leaves their accounts through convenience spending and emotionally driven purchases. Individually, these expenses may appear insignificant, but collectively and consistently over time, they…
"Before building a financial plan, you need an honest assessment of where you stand. This includes evaluating your income, expenses, debts, assets, and savings. Equally important is understanding your risk profile, in other words, how comfortable…
Insurance Biz is a New Africa Busines News Services (NABNS) publication launched in 2013 to focus on the insurance industry, investments, financial planning, employee benefits etc. It remains a great resource of news for industry professionals, and for those who seek to learn about the financial sector developments.
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