When creating your investment and savings plan, you need to understand your goals and how to achieve them. You will have different strategies according to your goals. Independent financial educator Dave Crawford cites an example of a 36-year-old client, who by the age of 49 wants to have set up his investments so that he can live off the income they generate.
Passive funds are big business overseas, with most pension funds using them as core investments and using specialist funds as performance kickers. Passive funds are exactly that. They simply track an index; there is no fund manager actively buying and selling shares and trying to out-perform the market. Hence, passive funds tend to be quite a bit cheaper.
Just as the African National Congress has set up a commission to investigate hoax e-mails, a new e-mail scandal involving the Jewish Board of Deputies and the ANC has erupted. The board’s national director, Yehuda Kay, has stepped down over an e-mail he sent to the head of the ANC policy centre, Mandla Mabuza, which contained disparaging comments about Democratic Alliance leader Tony Leon.
Politician and Independent Democrats leader Patricia de Lille and journalist and rape activist Charlene Smith faced the Constitutional Court this week in a legal battle that could have important implications for the right of privacy. The case is the final episode in a protracted struggle over De Lille’s biography, penned by Smith.
Metrorail may call in the defence force to combat almost daily deaths on trains in the safety vacuum left by the security guards’ strike. ”We are concerned that almost every day people die or are injured on the trains, because it’s not normal for Metrorail,” said Metrorail spokesperson Thandi Mlangeni.
Zimbabwe said Friday that its inflation rate has crossed the 1 000% threshold and is currently at 1 042,9%, one of the highest rates in the world. Reserve Bank of Zimbabwe Governor Gideon Gono had predicted in January that inflation would recede to below 500% in June and decline to double digits next year.
Marcus Trescothick marked his return to international cricket with a hundred as England established a promising position on the first day of the first Test against Sri Lanka at Lord’s. At stumps, England were 318-3, after a day where extraordinary off-spinner Muttiah Muralitharan, in his first Test at Lord’s, had been the main brake on their progress.
By the time they run on to the field this weekend, the Bulls and Sharks will know either that it is too late or the exact size of the mountain they have to climb. It all depends on the Crusaders doing them a favour by thrashing the Brumbies. And so the Super 14 enters its final weekend of log play with the sounds of regret on the wind in Pretoria and Durban.
Academic and political commentator Sipho Seepe says he used to carry his kid brother, Jimmy, to kindergarten. This weekend, he will carry his coffin. Jimmy, <i>City Press</i>’s highly regarded political editor, died this week of a stroke at the relatively tender age of 41.
Critics have called for a restructuring of the Universal Service Agency (USA) following the resignation of CEO Sam Gulube this week, citing the Department of Communications parastatal’s inability to deliver affordable communication to under-serviced areas.