Make Money Mondays

Make Money Mondays: Top 5 tips on dealing with retrenchment

Samke, known as Sam, Ngwenya, Private Banker and Personal Finance Consultant gives us top 5 financial mistakes to avoid when retrenched or facing loss of income

She says retrenchment is one of those difficult topics to address, but knowing these important points can help prepare you if that should ever happen.

Not everyone has a savings buffer. That's why you need to make sure that you have enough cash flow.

She looks at the following 5 points:

  1. Treatment of pension
  2. Avoid debt
  3. Try meet all your monthly repayments
  4. Be stuck in illiquid assets
  5. Try do it on your own

You get one week salary for every year you work for the company, but company's do have discretionary powers.

Sam, Ngwenya, Private Banker and Personal Finance Consultant
Read More
'My daughter bought Spur shares when she was 10 years old' - Dr Adrian Saville

'My daughter bought Spur shares when she was 10 years old' - Dr Adrian Saville

What does Citadel’s famed disciple of contrarian, deep-value investing Dr Adrian Saville hope for (and fear) about money?

How I’m investing for my child’s education - share trader Garth McKenzie

How I’m investing for my child’s education - share trader Garth McKenzie

Share trader Garth McKenzie started a portfolio of 10 stocks when his son was born. It’s going quite well for him…

10 famous people open up about their money beliefs, hopes and fears

10 famous people open up about their money beliefs, hopes and fears

Barry Roux, Helen Zille, Tim Noakes... Just some of 2016's most popular articles on famous people and their minds on money.

What does funny-man Marc Lottering fear (and love, and hope for…) about money?

What does funny-man Marc Lottering fear (and love, and hope for…) about money?

Every week The Money Show’s Bruce Whitfield interviews a famous person about her or his attitude to money. Enter Marc Lottering…

Helen Zille opens up about money

Helen Zille opens up about money

Does she have lots of money? Did she have rich parents? What does she splurge on? Does she invest? This and more from the Premier.

'I wanted lots of money!' - Andile Mazwai (National Stokvel Association of SA)

'I wanted lots of money!' - Andile Mazwai (National Stokvel Association of SA)

Bruce Whitfield interviews Stokvel Association CEO Andile Mazwai about his attitude to money (hopes, fears, successes, failures).

Popular articles
Naked Scientist explains why mosquitoes 'discriminate' who they bite

Naked Scientist explains why mosquitoes 'discriminate' who they bite

Dr Chris Smith explains why some people are more desirable than others to mosquitoes.

Absa may have to pay R2.25 billion for unlawful apartheid era bank bailout

Absa may have to pay R2.25 billion for unlawful apartheid era bank bailout

M&G's Pauli Van Wyk speaks about Public Protector's preliminary report implicating Absa, Reserve Bank, Treasury and Presidency.

Arresting 106 dodgy licensing officials just the beginning - Mashaba

Arresting 106 dodgy licensing officials just the beginning - Mashaba

Over 100 corrupt Joburg licensing officials will be arrested, explains Herman Mashaba who says it's just the tip of the iceberg.

Social grant beneficiaries to automatically qualify for NFSAS funding

Social grant beneficiaries to automatically qualify for NFSAS funding

Social Development announced that 80% of social grant beneficiaries who wrote matric exams obtained a diploma or bachelor pass.

House prices slump in some parts of the country

House prices slump in some parts of the country

Property economist at FNB, John Loos, says the drop in house prices is due to slow pace in economic growth.

Vaal Dam levels increase by 5.2%

Vaal Dam levels increase by 5.2%

Department of Water and Sanitation says recent rains have increased the Vaal Dam levels but more is still needed.

Dlamini-Zuma part of ANC's lacklustre old furniture -  political analyst

Dlamini-Zuma part of ANC's lacklustre old furniture - political analyst

Political analyst Prince Mashele says Nkosazana Dlamini-Zuma doesn't qualify for presidency and has nothing to offer to citizens.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

Singer Patricia Lewis speaks of music career, and being a mother

Singer Patricia Lewis speaks of music career, and being a mother

South Africa's top-selling female recording artist in history, Patricia Lewis, tells Xolani Gwala about what she is up to now.