finance

  1. riverdusty

    Is an Old Mutual Agent really an Old Mutual Agent

    Hi I've been contacted by a guy who I let come and see me and talk to me about products that his company offers through Old Mutual. They seem legit but I'm a skeptic. I've tried to contact Old Mutual to verify that these people are registered agents of theirs and not some scam artist. Old...
  3. M

    My first year of working and the fact that I had nothing to show for it

    Thought I'd share my experience of my first job and the neglect on my part of saving. Hope it can help others entering the working world look more closely at their financial situation. Looking back at my first year of working, one regret I have is that I didnt save any money. My bank balance...
  4. LazyLion

    Interest Rates Unchanged

    The repo rate remains unchanged at five percent, the SA Reserve Bank announced on Thursday. Source : Sapa /jje/hdw Date : 23 May 2013 15:18
  5. N

    Buying a Mazda 2 - 2008, Opinions?

    Forumites, lend me your ears... OK, so a friend of mine is leaving the country and selling her Mazda 2 2008 1.3 Active. Retail price: R76 000 Trade price: R68 000 She offered it to me for R65k what you guys think? thinking bout getting it as a run around car, coz my current...
  6. C

    Car repayments. Wait to settle or pay in?

    I got my first car through Wesbank this year. I am able to put extra in each month, or to save for a few months and settle it completely. I was wondering- which is is the better route to go, or doesn't it really matter as in the end it will be paid off at roughly the same time? Thanks :)
  7. LazyLion

    SA Mining Lost Billions During Strikes

    South Africa's mining industry lost over R15 billion in production during the strikes in the 2012/2013 financial year, according to figures released by the SA Institute of Race Relations (SAIRR) on Thursday. Just over R10bn was lost in gold and platinum production during the mining sector...
  8. LazyLion

    Cash is King as Cyprus Crisis Bites

    With their country battling an acute banking crisis, Cyprus retailers are demanding hard cash for their goods, but worried residents say they will soon run short of money as banks stay firmly closed. With no end in sight to the turmoil, petrol stations, cafes, restaurants and neighbourhood...
  9. LazyLion

    Is South Africa the Odd BRIC out?

    The meeting of BRICS leaders in Durban next week could uncharitably be described as a summit of the world's emerging economic powers, plus South Africa. On March 26-27 the African nation will -- for the first time since joining the Brazil, Russia, India and China grouping in 2011 -- host the...
  10. LazyLion

    Cyprus Revising Bank Levy Terms: EU Source

    Nicosia and international creditors were discussing Monday revisions to an unprecedented levy on bank accounts agreed in a bailout for Cyprus which has sparked market turmoil and fresh fears of debt crisis contagion, an EU source said. "The Cypriots are debating, finalising a new proposal,"...
  11. LazyLion

    Markets Sluggish After Chinese Data Dump

    Markets have started the week sluggishly Monday as investors pause for breath following a dash that's seen the Dow Jones index in the U.S. record a series of all-time highs. Chinese economic figures over the weekend were largely disappointing and prompted many investors to book some recent...
  12. LazyLion

    ATM Withdrawals Stagnant in February

    Withdrawals from ATMs across the country remained stagnant in February, increasing only 0.69 percent from January, Spark ATM Systems said on Monday. This followed a 9.18 percent drop in January, with the average cash withdrawal in February being R443.56, sales director Russel Berman said in a...
  13. LazyLion

    Shares in Sharp Electronics up 17% on Samsung Tie-up Reports

    Shares in struggling Japanese electronics maker Sharp jumped 17 percent on Wednesday after media reports of a $108-million tie-up with South Korean giant Samsung. Shares in Sharp opened up 17.06 percent at 350 yen on the Tokyo Stock Exchange before easing slightly to 344 yen. The Nikkei...
  14. LazyLion

    World Stocks Surge, Dow May Break All Time High

    World stocks rose Tuesday, and the Dow index was set to open within striking distance of its all-time high, after better than expected European economic data and China, the world's second largest economy, pledged to meet its growth targets. At China's ruling Communist Party's annual congress...
  15. LazyLion

    US Budget Impasse Weighs on Markets

    Uncertainty over the outcome of a budget battle in Washington pushed world stock markets lower on Monday. President Barack Obama and his political opponents have failed so far to agree on a way to roll back automatic spending cuts that took effect Friday. Those cuts slash $85 billion from the...
  16. LazyLion

    $312 Million Recovered so far in US Based Ponzi Scheme

    Hundreds of millions of dollars has been recovered so far in a massive Ponzi scheme that attracted more than 1 million investors from the United States and all over the world, according a court filing in the case. The case involves Rex Venture Group, a Lexington, North Carolina-based company...
  17. LazyLion

    MPs Cringe at Hints of More Tax

    There were moans and groans from MPs on Wednesday as Finance Minister Pravin Gordhan went off speech, telling them they should be paying more tax. Delivering his 2013/14 budget, Gordhan said: "The government relies on resources derived from the wider economy, and the best way to generate...
  18. LazyLion

    SAA, SABC Could See Restructuring

    State-owned enterprises (SOEs) that are bleeding money could see some restructuring ahead, according to the 2013 Budget, tabled by Finance Minister Pravin Gordhan on Wednesday. These include the cash-strapped SA Airways (SAA), SA Broadcasting Corporation, SA Xpress, Denel and the SA Post...
  19. G

    Share Investing Tips For 2013

    Hey guys / gals Just thought i would create a thread for share investing tips for 2013, could be jse related purchases, etf's etc. I have searched everywhere and could not find any decent sites for sharing and getting hold of good share and investing tips. Therefore this thread. Some...
  20. genetic

    Wesbank Finance

    So I applied for private vehicle finance through Wesbank online, but after doing some reading on MyBB and the web - I see a lot of complaints about Wesbank and their eagerness to decline finance. How long does it take to get feedback from them after you apply online? Can I apply at MFC as...
  21. S

    Average monthly expenditure on each category

    Hey All, I'm busy working my budget and wanted to find out what the average monthly expenditure on each category people spend. An example of this would be: Food at home 12.0% Alcoholic beverages 1.0% Total food and drink 13.0% Housing 32.9% Clothing and services 4.0% Vehicles 13.0% Petrol...
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