Standard Bank’s BizLaunch, supporting small businesses

Standard bank is a global renowned financial and banking institution. With many years of experience in the world of business, this bank understands that small scale businesses are essential players in national and global economy. It is therefore essential that these small businesses are given a strong foundation and support to flourish.

Research has shown that a high percentage of new start-up businesses fail within the first three years. Other findings have also indicated that 440000 small businesses had failed in the past 5 years in South Africa. It is due to this background that Standard bank launched Bizlaunch.

Bizlaunch has been established to ensure businesses get started the right way and avoid false starts. Its also particularly aimed at new businesses. Bizlaunch is a one stop house that tries to take care of business matters such as registering the business, keeping track of cash in and cash out, pay suppliers, deposit funds into a business bank account and get some basic advise.

This service from Standard bank offers a R90 per month business account which includes unlimited electronic transactions, unlimited debit orders, unlimited cheque card swipes,internet banking, my updates and 8 ATM cash withdraws.This package also comes with my business online which is an accounting package from Pastel. Apart from a business banker whom you can discus needs with, there is also a packaged business support and tips such as how to start and grow a business.

Bizlaunch also offers a merchant device for R325 a month.This includes telecommunication fees and insurance per month, at a commission rate of 3.25% irrespective of card type. Basic business insurance cover at R150 per month, online business registration services and annual returns to help you to get your business started and a 20% discounted training voucher on the basics of how to start a business such as finance for non-financial managers.

This package from Standard bank offers practical solutions that are relevant to the market and tackle challenges entrepreneurs, especially start ups face.


Nedbank Send-iMali, sending and receiving money the easy way

Send-iMali – Nedbank  is one of South Africa’s biggest financial institutions. Over the years, this reliable financial house has dedicated itself to building more products and services targeted at individual banking and self-service banking. One of the products doing exactly this is the Nedbank iMali.

The Nedbank Send-iMali product has been tailored to facilitate convenient sending and receiving of money. This means Nedbank clients can send money to family members, friends, colleagues, contractors as long as they have a cellphone. Sending money through iMali can be done either through internet banking, the Nedbank App Suite or cellphone banking.

Through internet banking, simply log on to Nedbank internet banking or mobile banking at and select the ‘money transfer’ option on the top menu bar (the other channels will follow soon), use the drop down menu and select ‘pay now’, follow the simple set of steps to send money to recipients, using only their cellphone number.

To send through Nedbank App Suite, log on to the App Suite and select the ‘money transfer’ option, read the terms and conditions and accept if satisfied, complete the required fields and then select ‘submit’. The confirmation screen will display a summary of the transactions and you will be requested to confirm the transfer.

iMali through cellphone banking works by dialing *120*001# and select option 1, log in using your profile number and PIN, select ’money transfer’, read and accept the terms and conditions if satisfied, choose an account to debit, enter the recipient’s cellphone number, enter the amount you want to send, and then select ’submit’, a summary of the transaction will appear on your screen and you will be requested to confirm the transfer.

The cost implications are also minimal because the sender is only charged a service fee of R9,50, including VAT for each transaction. If the receiver does not  withdraw the money within seven days, the money will be returned to the sender. The R9,50 service fee will however not be refunded.

Nedbank can be contacted on 0860555111.

You can apply for a Nedbank loan here


RC investment group, private loan lenders

Finance which can be accessed expeditiously with flexible conditions remains the preference of many individuals and families. Stats have also indicated that clients prefer private lenders as compared to public lenders. This interest and desire for more private lenders has led to the establishment of many micro lending firms giving individuals and families convenient access to cash and flexible application and repayment conditions. One of those micro lenders making a difference is RC investment group.

RC is a private investor and a private loan lender.This fast growing finance house offers loans and investment service at a low-interest rate to individuals and business organisation. RC offers personal loans, business loans, debt consolidation loans, commercial loans, real estate loans, hard money loans etc.These loans are offered at 3% interest rate with repayment periods ranging between 1 to 30 years. Loan amounts offered are from a minimum of $5,000 to a maximum of $500,000,000 and currencies offered include USD, CAD, KWD, OMR, SGD, RUB, GBP, AUD, MYR, ZAR, IDR, UAH, PHP and EURO.

To qualify for this credit, one needs to be 18 years and above, be in possession of a South African ID, present proof of income in terms of payslips and have a bank account where income is deposited and debit orders can be deducted.

RC financial group can be contacted through various online platforms.


Tips for foreign investors in South Africa

South Africa is among the fastest developing economies around the world. The growth of this economy is as a result of sound economic policies which encourage the participation of both local and foreign business entities. For foreign investors considering or even starting up their own business ventures, it is important to consider certain tips in order to thrive in South Africa.

Immigration – It is essential that you familiarise yourself with the country’s immigration laws especially with regards to the legal requirements of setting up a business.

Business contacts – Start by talking to entrepreneurs with experience in doing business in South Africa. Don’t focus on potential business partners only, but also on South African institutes such as local authorities and branch organisations.

Business plan – Set up a solid business plan and do market research, set clear goals and ambitions, know your niche market and know about your competitors. Without this knowledge, starting a successful business operation is most unlikely.

Challenges – Understand where to expect challenges, culture and languages, intellectual property rights, trade barriers, logistics, personnel and bureaucracy.

Government – A new business entity should take time to know the Government structure and the decision-making processes as well as levels of service delivery for services like water and electricity.

CSI – Being a good corporate citizen goes a long way in developing your business especially as a foreign entity. Develop a CSI policy which allows you to support some form of charity or other type of development projects.

The above tips should be able to assist foreign businesses stepping into South Africa.

Tips on building small business brands

Advice on building small business brands

Building a business enterprise is a journey and an experience which turns out very differently for different people. The chances of failure or success are determined by the steps and decisions made by business owners. Below are some tips which can help entrepreneurs build successful brands.

Be unique – It is important for a business house to consider doing what others do not do in the industry. Being unique gives a business house a competitive edge over other business houses and gives customers the reason to buy your products.

Grow your community – It is human psychology that if people trust a brands community, they will extend trust to the brand. It is therefore important that a great amount of time is dedicated towards building strong client and consumer communities. This can be done online and offline. Online tools such as Twitter, Facebook can assist in this regard.

Build great products and services – A business house must understand that even a strong brand will suffer when it creates average or below average products or services. It is therefore important to live up to the set standards and be constantly innovative.

Have a good name and logo – A strong brand is easily recognisable and this recognition starts with the name of your business. The name will appear on your business cards, letterhead, website, social networks, promotional materials etc. It’s also not enough to have a recognisable name, people commonly associate brands with the brands logo. As you decide on the logo, keep your audience and products in mind because you want your logo to reflect your company.

Find your voice – Your company’s voice is the language and personality you and your employees will use to deliver your branding message and reach your customers. successful brands speak with a unique voice.

Be consistent – To build and maintain a strong brand, every aspect of your brand should be as good as your product or service and you must be consistent  in presenting your brand.This includes not only your company’s name, logo, overall aesthetic design, products and services, but also includes your marketing materials, website, appearances at trade shows and conferences, content posted to social networks, etc.

Keep your promises – Failing to keep your promises can tarnish your relationships with customers. Happy customers who feel good about your business are your best source of referrals.

Empower your customers – How your brand is perceived is determined by your customers and potential customers. People can become your brands ambassadors through their own networks. Spend time nurturing relationships with such people. If you help your customers succeed, the customers will in turn help the brand succeed.

The above tips should be able to help your business entity get off to a great start.

tfg financial services contact details

Foschini group financial services

Foschini is a renowned retail brand which opened its doors in 1925. Todate this top womens fashion authority has opened 200 stores around South Africa and beyond. These stores offer ladies wear, footwear, accessories, fine jewellery, cosmetics and fragrances as well as kidswear. Foschini also happens to be the second largest departmental retailer of cosmetics in South Africa representing major international brands including Clarins, Clinique, Revlon, Elizabeth Arden, Yardley and Loreal.

In order to give financial power to a growing number of retailers and consumers, Foschini group financial services was established. This firm manages the groups in-store credit card programme that consists of 14 different card formats. Running under the flagship of RCS, this partnership helps prospective clients to open accounts and purchase at other stores like Markham, Exact, Fashion Express, Donna Claire, Luella, American Swiss, Sterns, Matrix,Totalsport, Sportscene, Duesouth and @ Home.

To qualify for the Foschini account, a client needs to be 18 years and above, show proof of residence and be in a position to earn some income. For those who wish to pay for accounts by debit order, you should complete a debit order instruction form at the store, the store will then fax the form to the customer services department for processing. The following details need to be provided, bank account number, bank name, branch name, bank branch number, type of account, name of account holder and ID.

Foschini financial services can be contacted on 0860104764.

Student finance sources in South Africa

Student finance sources in South Africa

The right to education is a universal entitlement that includes the right to free, compulsory primary education for all, an obligation to develop secondary education and make it accessible to all, in particular by the progressive introduction of free secondary education, as well as an obligation to develop equitable access to higher education ideally by the progressive introduction of free higher education. In a developing economic context like South Africa, free higher education for all has not been realised yet. It is important therefore to look at possible sources of finance for students in South Africa.

University financial aid – Most universities offer bursaries or grants to students who have excelled in secondary school studies. Students must therefore check with the universitys financial aid office to check for eligibility and make sure an application is lodged before the closing date, which is usually in October of the year preceding the start of studies.

National financial aid – For South African citizens, you may be eligible for a National Student Financial Aid Scheme (NSFAS) loan to study at one of the countrys public higher education institutions. The NSFAS is a statutory body funded by the Department of Higher Education and Training which provides study loans to academically able but financially needy students.

External bursaries – There are many companies in South Africa as well as provincial government departments who offer bursaries to promising students. Many mining and engineering companies,in particular, provide contract bursaries.

Student loans – All of South Africas major banks offer student loans, both to South Africans and non-South Africans with valid study permits. When applying for a bank loan, you will have to show proof of registration at an education institution.

Bursaries for teachers – These bursaries are offered through Funza Lushaka which is a governmental funded bursary scheme aimed at promoting teaching in public schools. Students planning to complete a teaching qualification in a subject area identified as a national priority by the Department of Basic Education can apply for full cost bursaries, which cover the cost of tuition, books as well as living expenses.

The above are some of the student finance options which can be explored.

Optimum Savings Account

Nedbank optimum savings accounts

Optimum Savings Account, Nedbank has picked innovation as a guiding principle in the provision of its products and services. With a clientele which is diverse in age, race and financial status, this bank has endeavored to cater for them all. One product offering introduced to cater for a particular group of clients is the optimum savings accounts. This account has been designed for clients who are 55 years and older who have at least R10,000 invested in a Nedbank fixed or notice deposit account.

This account offers great features and benefits such as exemption from most transaction and maintenance fees, interest rates are identical to those of an ordinary savings deposit account, interest is earned on all credit balances, it’s an attractive method of saving funds at market related rates, while at the same time allowing for immediate access to funds. You can transact or make enquiries on your account via any ATM or self-service terminal at any Nedbank branch, over the internet or via telephone banking.

The qualification requirements for this account include the fact that you must be 55 years old, you need to have at least R10,000 invested in a Nedbank fixed or notice deposit account, R50 opening deposit is required, R30 minimum balance is to be maintained at all times or the accumulated charges, whichever is the greatest.

To apply for this account, Nedbank can be contacted on 0860115060.


Standard banks ContractSave

Standard banks size and power in the financial and banking industry can best be measured by the fact that this bank operates in 32 countries around the world including 19 in Africa. This revered banking institution has earned a long-lasting reputation for providing banking and other financial services to individual customers as well as small and medium enterprises in South Africa and Africa. In order to serve its huge clientele well, Standard Bank introduced the ContractSave.

ContractSave is a savings facility which allows clients to commit a certain amount of money every month for a period of time. Some of the features of this product include the fact that you can not withdraw the funds or stop deposits at maturity of the investment but you can choose to reinvest, your funds are available at maturity, you select a monthly debit order amount of R100 or more to fund the ContractSave account, you can make additional deposits whenever you want to, your bonus interest increases each year up to a maximum, so the longer you save the higher the bonus interest you can earn. You earn competitive interest rates and an additional bonus interest after every year for up to four years, you can choose the period that you wish to save for, from 12 months to 20 years, monthly debit orders from a Standard Bank transactional account into your ContractSave account are free and you can choose to have your debit order amount automatically increased each year.

ContractSave accounts can be opened at any Standard Bank branch and they are operated as personal accounts. Minors may open an account with their parents or guardians consent. Basic requirements for this account include a South African ID, valid passport with work permit or student visa. For any questions regarding this savings account, Standard Bank can be contacted on 0112994701.


Money saving tips – Student finance saving tips

Money saving tips – Life for old and new students alike can be fun and the temptation to spend is very high. There are various reasons put forward for this approach to finances by students but one of them is the fact that there is a lot of peer pressure within the student population. There are however certain saving tips which can assist any student make the much-needed savings.

Budget during the first weeks of the term – It’s hard to budget when you are keen to have fun, but it is worth holding off on extravagant spending early on and go out, spend and celebrate at the end of the term when you are sure the term is done.

Plan meals in advance – Fast food in restaurants will significantly impact your finances. Preparing food at home or in the hostel is a great way to save money over the week.

Capitalise on student discounts – Being a student opens doors to a great amount of discounts. These discounts are also offered in forms of cards by different retailers. These can go a long way in saving finances.

Travel smarter – Traveling home, to school or visiting friends can be costly. The good news however is that there are different means of transportation which are cheap and affordable. If you have a private car, you can offer seats to paying passengers.

Dispose off items – Your old clothes and books are surprisingly very valuable. So when you are sure that a books future is to sit and gather dust, head to Amazon to trade it for a gift card. You can also rid yourself of old clothes at eBay.

Buy non-branded – There is a significant difference in prices between branded and non branded produce. Avoiding the household names can mean a hefty saving on filling the fridge, so you’d be wise to look beyond the labels.

Get paid to do stuff – Getting a job that takes a lot of your time while studying can be quite difficult but there are other less time-consuming job opportunities such as online surveys or market research focus groups which can go a long way in supplementing your finances.

The above tips should be able to help students have healthy finances at that level of life.

loan tips

Loan tips

Loans are a necessary solution in moments of financial distress for individuals and families. Research has however shown that not many people consider certain key aspects or steps before obtaining a loan. Below are a number of tips one should consider before taking out a personal loan.

Shop around – Just like any other purchase, it is always advisable to shop around and compare different offers before taking out a personal loan. In this process, always look out for the annual percentage rate which tells the true cost of a loan taking into account the interest payable, any other charges and when the payment falls due.

Don’t apply for too many loans – Having lots of applications on your record makes you look desperate or in financial difficulties. As a result lenders will see you as more of a credit risk which makes your chances of your loan application being approved lower.

Borrow more – Generally, the larger the loan amount is the lower the interest rate. Due to the way some providers price their loans, there are occasions where you can actually save money by borrowing slightly more.

Know the risks of secured loans – Secured loans are cheaper than unsecured loans but you risk losing your property if you don’t keep up repayments. So don’t sign up unless you are 100% sure that you will be able to meet your repayments.

Consider a credit card – Before you apply for a personal loan, consider other forms of credit. You might find a credit card is cheaper and a card with a 0% introductory offer on purchases will enable you to spread the cost of big purchase interest free.

Always check your credit rating – If you plan to apply for a market leading personal loan, its crucial that you check your credit rating first. If your credit rating is not in good shape, you may be offered a more expensive deal than the low rate loan you originally applied for.

Consider early repayment charges – It might seem unlikely at the time you take out a personal loan but its possible that you will be able to pay off your debt early. Many loan providers will apply a charge if you wish to do so, so its a good idea to check how much this might cost before you apply for a particular loan.

Check the small print – Before applying for a loan, always check the small print to see if you are eligible. Some best buys come with some hidden negative conditions.

The above tips if considered can assist in making good and positive personal loan decisions.

Zidisha loans, global online lending platform

Zidisha is an innovative and trendsetting online platform which facilitates lending across the international wealth divide. The vision behind the concept is to have an online micro lending community to connect lenders and borrowers directly across international borders and consequently overcoming previously insurmountable barriers of geography, wealth and circumstances. This facility has managed to bypass expensive local banks and connect lenders and borrowers directly resulting in fairly priced loans and promotion of mutually beneficial friendships which cut across borders.

Access finance through Zidisha follows few simple steps. The first step is for the borrower who quite often is in a developing country to log into the Zidisha system and post a loan request, the lender then selects an available loan and bids to provide all or part of the funding, lenders are allowed to propose their own interest rate for the funds that they offer to lend, 100% of the lenders loan is disbursed directly to the borrower and repayments are done in regular weekly or monthly installments. In many instances, lenders and borrowers stay in touch and keep each other updated on the impact of the loan.

With Zidisha, thousands of aspiring entrepreneurs especially in marginalised countries have received the much-needed financial assistance to start and expand businesses.

Financial tips for buying a house

Financial tips for buying a house

Property or housing remains the most secure investment option a family or an individual can consider. This form of investment can be done through cash transactions for those who can afford or even through finance from a financial institution.The whole process however can be very daunting for many especially first time buyers who are not sure of whats important.The factors listed below will go a long way in assisting many be aware of what matters.

Budget – Determining your price range is key before shopping around for properties. Bond or home loan originators can help you determine your budget and speed up bond process by negotiating with multiple financial institutions on your behalf. These bond originators are paid in form of commission based on the mortgage amount they secure, so you don’t incur any consulting fees.

Location – Property investment should appreciate in value as years go by, the location of the property will assist in achieving this. Factors which are very important in this regard include infrastructure, level of security and convenience to social facilities. Infrastructure refers to the basic facilities in the area such as roads, the better the infrastructure the more valuable the property. Level of security will always be of utmost importance. Social facilities include schools, shopping centres, hospitals, churches etc.

Availability – Searching for the right property which is available at the right time can be very tricky. It’s never a bad idea to use estate agents and property websites. Estate agents often have access to invaluable market information that the public might not be aware of. Online property websites allow you to narrow down your search to the finest detail and enable you to view information and photos of the property from home comfort.

Structural aspects of the property – It is always a good idea to look out for any defects and plans for alterations. Defects are the visible problems associated with the property such as wall cracks, sagging gutters, broken windows, missing tiles, geyser problems etc. These should be rectified before purchase or even analysed to determine whether they are an indication of more serious future problems. Make sure you consult the local municipality whether all buildings on the property are approved so that you don’t embark on illegal alterations after purchasing the property.

Negotiating purchase price – Always check the prices of recent property sales in the preferred area and current market conditions. Always bear in mind some of the costs associated with purchasing a property. These costs include transfer duty which is calculated according to a sliding scale based on the property value. VAT if the property is bought directly from the developer or builder. Conveyance fees which are usually added 1%-2% to the purchase price. Bond expenses which include initiation fee, legal fees, stamp duty and bond registration costs based on the value of the bond. Fees payable to the deeds office for the registration of ownership, including a levy for the registration of a bond with the deeds office.

The above tips will certainly assist any property buyer in South Africa.

Top tips on vehicle finance

Top tips on vehicle finance

Top tips on vehicle finance – The South African economy and financial markets provide different avenues for individuals to access vehicle finance. There are however certain steps and pointers one can consider before making a decision.Below are the tips

Budget : Vehicle finance is all about money. It is therefore important to consider what you can afford up front or in instalments. It is a good precaution to include the increased cost of insurance and upkeep. Certain vehicles cost more to maintain and insure than others.

Research: The internet is one of the most effective places to find out information about potential finance and vehicles. The more you know the better equiped you are to negotiate price.

Do comparative shopping: Get quotes from dealers in your area and from surrounding cities or towns. Not only could you save money by visiting another town but you could drive down local prices if you have a quote in hand.

Choosing a vehicle: There are many different vehicles on the market today. If you are not sure, ask around. When you see a car you are not interested in ask people about their experience with that vehicle. By doing this, you will get a general picture of the vehicle in question.

Compare interest rates: Talk to your bank, research online and consider the vehicle finance options from the dealership, then choose the one that offers you the lowest interest rates and the best terms.

Negotiate everything: Try to negotiate every detail of the deal face to face. Avoid telephonic negotiations as these could be denied later.

Test drive: Test driving is a must. Dont test drive the vehicle on the small side streets in town, take it to the highway where you can get it up to the legal limit. Used cars will sometimes not show their true colours until you have brought them up to good speed.

Warranties: A new car should come with a warranty. Take time to closely examine the warranty and the cost of extending it against potential repairs, including the ones not covered.

Black and White: Anything and everything you agree upon with your vehicle finance should be in writing and signed by all parties concerned.

Standard banks society scheme

Standard banks society scheme

Modern day societies are full of diverse groups of money schemes such as stokvels, burial societies, social clubs and even investment clubs. These money schemes allow groups of people to save money together. In order to tap into this fast growing culture, Standard bank introduced the Society Scheme.

The Society Scheme is a book based account tailored for groups of people who would like to save money together. It is recommended that prospective groups of people have a constitution and all transactions should be branch based. Key features and benefits of this account include the fact that members generally earn higher interest on their savings through the group than they would have with individual savings accounts, the group can decide to move some or all of the society scheme balance into investment products like fixed deposits and notice deposits from time to time, society schemes are automatically entered into a monthly savers draw for every R5,000 kept in the account up to a maximum of 20 entries per account.

Other features and benefits include the fact that all cash and cheque deposits are free and your group enjoys two free cash withdraws and two free cheque withdraws per month, accounts with monthly balances kept at R5,000 or more are not charged the monthly service fee and enjoy two further free debit transactions per month and all withdrawing instructions must be signed by at least two signatories to protect the rest of the group against misappropriation.

The qualifying requirements for this account are that the group must have at least five members and three or four members must be selected to act as account signatories on behalf of the group. Members must be South African citizens aged 18 or older, have valid identity documents and make a minimum account opening deposit of R500.

Standard bank can be contacted on 0112994701.

Absa wealth management

Absa wealth management, focused on preserving wealth

Absa bank is one of South Africa’s top three banks. This banks core focus for many years has been the provision of products and services which contribute to wealth creation at individual as well as institutional level. Over the years however, there has been a realisation that wealth extends beyond mere money. Absa believes elements of investment decision-making combined with emotional comfort is what constitutes real wealth. In a bid to make a contribution in this regard, Absa introduced the wealth management service.

Wealth management consists of solutions advice and solutions which mostly cater for private banking and investment management. These solutions are broken down into wealth, unit trusts, linked investments, stock brokers and private client portfolios.

Wealth services are tailored for the ultra-high net worth and family office clients and provides holistic wealth solutions, using best of breed products, wealth management, investment management, risk management and structured lending. Unit trusts can be started from as little as R100 or even R1,000 per month. Unit trusts are offered in form of international equity, asset allocation, fixed interest and money market unit trusts. Linked investments are created to meet investment needs prior to and during retirement. Stockbroking solution offers investors a professional trading service for buying and selling shares and exchange funds on the Johannesburg Stock Exchange. Private client portfolios are for clients with unique needs and preferences and this is focused on building and preserving wealth over the long term.

For all these wealth management solutions, Absa can be contacted on 0116479874.

FNB money transfer

FNB, providing Zimbabwe money transfer

First National Bank (FNB) has over the years transformed from being just a South African banking giant into an institution which is extending its frontiers into the African continent especially Southern Africa. As part of the Southern African Development Community (SADC), serving this region is very important to FNB. With millions of Zimbabweans living in South Africa, Zimbabweans happen to be South Africa’s largest group of foreign migrants. This scenario points to a need for a reliable facility that allows migrants living in South Africa to send money to their loved ones back home.

As an industry leader, FNB answered this call by launching the Zimbabwe money transfer service. This service allows FNB customers living in South Africa to send money to an individual in Zimbabwe who has a valid national identity document. Through the partnership entered into with OK limited, sent money can be collected at participating OK outlets money counters. Sent money is also collected in South African rands.

The beauty about this service is that  money can be sent at any time of the day or night through cellphone or online banking. One is allowed to send up to R1500 per day through cellphone banking and up to R3,000 per day by using online banking. The maximum amount of money allowed to be sent per month is R10,000.

FNB can be contacted on 0875759405.

investment tips

Investment tips and mistakes to avoid

Investment is quite a buzz word in today’s society and especially in the financial sector.While investing is a very intelligent and exciting step to take, not many prospective investors are equipped with the right knowledge which can assist them to avoid pitfalls associated with investing. Below are a few tips which will assist would be investors:

Don’t invest without a plan – Good investment takes having a methodical and well written investment plan. Never invest on rumours, hot tips, stories, conjecture, predictions or an expectation the market will go up. None of these approaches qualifies as a plan despite their widespread use and popular appeal.

Invest in your financial education – Investing is both an art and a science. The art factor comes in because human beings are emotional beings whose decisions are quite often affected by values, moods, greed, fear etc. Investing is also scientific because it includes provable scientific principles like diversification, asset allocation, valuation, probability etc. It is therefore important to develop financial intelligence skills and knowledge so that you can strike a balance between the art and science of investing.

Always diversify – It is important to diversify investments but this must be done in such a way that new assets added have a different risk profile. The goal when diversifying should be to add independent and sometimes opposing sources of return. This can lower portfolio risk and increase overall return.

Don’t pick stocks but focus on asset allocation – An investor must avoid spending too much time on decisions which make little difference in overall performance. Instead spend your limited time and resources determining your correct allocation to asset classes and strategies.

Match investment style with personal goals – In investing, one size does not fit all. One therefore must find a path that will honor personal goals, values and risk tolerances so that there is fulfilment in achieving financial success. The journey to financial freedom is about discovering what size will uniquely fit you.

Beware of low liquidity – A liquid investment is something that can readily be converted into cash and an illiquid investment is something with barriers that keep it from being converted to cash. An investor should never make a mistake of accepting low liquidity unless the potential reward is so great as to merit the additional risk.

The above tips should surely go a long way in making the difference between wealth and poverty through investment decisions.


FNB easy account, the cheap banking option

First National Bank (FNB easy account) is one of South Africa’s big three banks. With a rich history that dates back many years and financial strength which is unparalleled in the country, this bank has continued to serve citizens with excellence and innovation aimed at meeting customer needs. In an effort to retain more customers and service a broader market, FNB has launched the low-cost Easy Account. The innovative strength and ability of this account is that it has been linked to a Savings Pocket which offers interest of up to 2.75%, depending on the account balance.

This account also allows one to pay for shopping using a card at no extra cost, draw free cash on the till at retail outlets such as Shoprite Checkers, PEP, Boxer, Pick n Pay and selected Spar stores.

It also offers Cellphone Banking or FNB ATMs to make transfers and account payments, buy airtime and send money. Other benefits include the fact that there is no minimum balance required on the account, low monthly fee and some of the cheapest bank charges around, free subscription to inContact which facilitates an SMS every time R100.01 goes into or out of the account, free subscription to Cellphone Banking and Internet Banking and an Easy Account Gold Visa card. To qualify for this Easy account, a client just needs to be 18 years and above, be in possession of  a South African ID book and show proof of residence which is not older than 3 months. FNB can be contacted on 0861733359.

Borrow online, personal asset loans

The advent of the internet has revolutionised every aspect of human life. The business world has not been spared by advancements in the field of technology. Gone are the days when customers queued up to access services and products from the providers. Many steps of a business transaction such as applications, submission of documents, getting approval and finances being transmitted can all be done in ones private comfort through the online space. One business organisation which has tapped into the power of the online space is Borrow Online.

Borrow Online was established in order to assist individuals and businesses raise money quickly by using their paid up assets as security. Leveraging on the power of online facilities, the Borrow Online team with over 20 years industry experience is able to provide fast, private and efficient service to clients. Borrow Online lends against clients valuables such as vehicles, gold and jewellery, watches, art and property.

In order to access credit from this noble micro lender, a client simply completes the application form online and submits for review, Borrow Online will contact client and do an online evaluation, if offer is accepted, client is then supposed to submit the valuable or asset and funds are transferred. Once the borrowed money together with the charges is paid back, the client can then collect  the asset.

Borrow Online can be contacted on 0861112866.

Medical loans

Medifin financial services, providing healthcare loans

Healthcare is something that mankind can’t do without. Health matters are also challenges which are most of the time unforeseen which puts enormous pressure on finances to seek quality medical care. The solution for many individuals and families is to get medical plan in place to reduce the financial burden in moments of need. One organisation assisting many in this regard is Medifin financial services.

Medifin was established about 20 years ago with a vision of providing medical finance for many South Africans and assist them to proceed with their desired, if not critical medical procedures without being held back. The medical loan product was launched in 2012, to-date this product has reached over 1500 medical and dental practices with over 800 practices being serviced on a regular basis. Medifin provides clients with the means to have the cosmetic or elective surgery they desire at affordable rates and terms accompanied by great customer service.

Clients seeking this finance simply have to consult the doctor and know when and how much the procedure will cost, apply for finance, Medifin then does a quick credit check and affordability assessment with clients consent and then issue a quote and an agreement. Other qualification requirements include copy of ID, proof of residence, proof of income by way of showing the most recent pay slip and three months bank statements.

Medifin can be contacted on 0861000808.

Zero debt, debt relief experts

Debt is a word many South Africans are familiar with.Recent statistics show that half of South Africa’s 20.29 million credit active consumers are struggling to meet their debt repayments. Research has established that consumer credit health has continued to detoriate with loan defaults continuing to rise, salaries being docked by garnishee orders and more people being blacklisted. These stats are a reflection of the negative effect of high debt levels and a rising cost of living. One South African financial house which has stepped in to help the situation is Zero debt.

Zero debt is an indigenous and independent company with qualified debt counselors who assist individuals and families to take control of their finances and solve debt problems. Through an effective debt counseling service, a suitable financial plan is drawn for a clients unique situation. Zero debt also helps clients to consolidate debt into one affordable installment at reduced rates.

To get assisted, clients can simply complete the free assessment form in order for their indebtedness and affordability to be measured. One all the balances from credit providers are received, Zero debt then drafts a restructured plan which is forwarded to all the involved credit providers and the plan is also given to the client by the debt counselor. Zero debt from this stage instructs a specialised attorney to proceed with obtaining a granted court order based on the restructured payment plan.

Through Zero debt, many indebted individuals are getting the much-needed relief. This financial concern can be contacted on 0861113749.