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25 September 2012 15:27

No such thing as an illegal strike in SA

Alex Welte advances a compelling argument – but affirms we’re losing war on unemployment.

Moneyweb Community member Alex Welte writes:

I listen to the show on SAfm on most days while driving home from work, and find it useful and informative. I hope you will take mycritical feedback below in a positive way, and improve the quality of the discourse on the show - and on the website, for that matter, where the issue is also arising.

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06 September 2012 13:22

Advice for paying off your bond early

Moneyweb reader asks what is the best way to pay off his house quickly.

My wife and I just purchased our first home together. It is a townhouse which we paid 830K for, with a 100% bond. We can afford the repayments comfortably at this stage, and can even afford to pay an extra R500 or so every month. We would like to pay this house off as quickly as possible and will be using any extra money we have to do so. My question is what is the best way to do this? Our bond is not an access bond. Would it be wise to put any extra money we have in a 30-day call account or similar higher interest account until we have a reasonable chunk to put into the bond, or should we just put it straight into the bond no matter what the amount? We have a very small amount set aside as savings which we will also need to grow. I thought a 30 day would be good in case of an emergency as we have not got an access bond. Any advise on this would be greatly appreciated.

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29 August 2011 08:27

Do I qualify for a trust?

How old should you be or how much should you earn for you to qualify in opening a trust?

Dear Moneyweb Facebook

How old should you be or how much should you earn for you to qualify in opening a trust?

Answer by Warren Ingram*

Anyone can have a trust at any age or level of income. Trusts can be an important estate planning tool because you can protect your assets from estate duty when you pass on. In addition, a trust can be very effective in protecting your assets if you decide to start a company and need to protect your assets from future claims by creditors. Finally, a trust can be a good idea if you plan for your assets to survive beyond your lifetime and possibly beyond your children’s lifetimes eg, to your grandchildren.

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02 August 2011 07:26

The bad side of SA strikes

Increasing wages are resulting in fewer jobs something urgently needs to be done.

Dear Alec Hogg,

I just want to raise an issue you raised on your SAfm Market Update show weeks back, you asked how can we increase jobs if people demand more money each and every year, Statistics SA released job figures last week and we are still shedding jobs in sectors that are supposed to create them.

According to Statistics SA, mining lost 31 000 jobs and manufacturing 68 000.

Alec it is time our government and unions realise that striking each and every year doesn't promote jobs but lowers the prospect of getting jobs. We can blame our education, but it is not the only problem now, the problem is people demanding more and employers can’t employ as wages keep rising making the cost...

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25 July 2011 14:12

Advice to a young investor

How does a 25 year old save up for retirement and avoid being beaten by the inflation rate?

Hi, how does a 25 year old save up for retirement and avoid being beaten by the inflation rate?

Answer Warren Ingram*:

If you are 25 years old and want to start saving for retirement, you are starting at the perfect time and should realise that financial freedom will certainly be attainable for you. Here are some steps you should follow:

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