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Finance



6 misconceptions about home loans

Aspirant home buyers applying for bonds frequently make false assumptions that create problems in the application process. Get a useful guide...

Who pays tax in a partnership project?

Judgment relating to the tax deductibility of certain costs in respect of a prison constructed and operated as part of a public private partnership.

Beware further advances on home loan

Many homeowners are taking advantage of the low interest rates and applying for further advances on their home loans, but there are risks involved.

10 easy ways to save for home deposit

Decide you are going to buy that flat, loft apartment or dream home you so want. Start by changing the way you spend and make it a reality...

Commit to a long term savings plan

Don’t drop your guard, have a longer term financial plan, do a household budget and start saving more today...

How to address levy non-payment

Debt recovery is lengthy and expensive and when sectional title property owners fall behind others will probably have to carry their share...

Are you financially stressed? Read on

It is estimated that around a third or more of South African homeowners are under financial stress and unable to maintain monthly bond repayments.

Is your home office tax deductable?

Working from home has its perks, especially if your home office allows you to reclaim money back from the taxman. But you must qualify...

Should you fix bond interest rate?

With interest rates at a low last seen over 30 years ago, some homeowners may be contemplating fixing the interest rate on their bonds.

Top investment tips for retirement

Funding a lifestyle is ever more difficult with interest rates at their lowest levels in over 30 years, equity markets weak and inflation up...

Time for an annual financial check-up

If you are a would-be buyer looking to buy your own home in the future, now would be a good time to do an annual financial checkup.

Bigger home loan deposits are better

The average deposit required has fallen from around 18% a year ago to about 12%, but bigger deposits have benefits, says an industry figure.

How to spend your hard-earned bonus

If you are one of the lucky people getting a bonus this December, use it towards paying off your home loan before indulging in festive season buys.

Spend that extra cash wisely

South African consumers are urged to save money for home deposits if renting or use extra cash towards mortgage repayments.