On the 7th of April 2021, Absa announced that it will be winding up the Absa Money Market Fund (AMMF) as the fund will be closed on the 6th of July, in line with Section 102 of the Collective Investment Schemes Control Act (CIS). Absa have not been clear to their reasoning as to why the fund is being closed but alluded...

Your 20s are a pivotal age. It’s a time to enjoy the greatest freedom you'll ever know until retirement. It’s also the ideal age to begin investing because you have so much time on your side and can enjoy the magic of compound interest. Over the years, I have built 7-figure businesses for myself and made strong investments with significant returns. But making the right moves in my 20s saved me years of pain, heartache, and frustration - and it can for you, too...

A first pay cheque tends to mark the start of adulthood and, with a bit of discipline, can mark your first tentative step towards financial independence. Phiko Peter reflects on his journey thus far, offering four key takeaways for those starting out...

One solution to SA's "advice gap", where large numbers of people are in need of quality financial advice and too few people are qualified to give good, cheap advice, is robo advice. Robo advisers are particularly appealing to younger people who have just started working and live their lives online. Robo advisers are particularly appealing to younger people who have just started working and live their lives online...

Our local financial services industry has embraced robo-advising, with the likes of Sygnia, Sanlam and ABSA [joining Beanstalk in] having taken their online investment platforms to market. The concept of robo-advice is understandably divisive, with naysayers on the one hand believing that consumers aren’t ready to embrace non-human advice, while advocates for the technology believe it plays a pivotal role in the 4th Industrial Revolution (4IR). Although South African companies...