Barely a week after your death your estranged relatives battle one another for ownership of your assets. Those dearest to you receive nothing while your nemesis becomes entitled to the bulk of your wealth. This is a train wreck. And, like 70% of the working population who pass away without a will, there’s absolutely nothing you can do about it now.
After the EFF and the ANC earlier voted to begin a process in Parliament to amend the Constitution so that land can be expropriated without compensation, the DA – the biggest party to oppose this motion – on Monday called it a bid to cause racial divisions and endanger property rights in South Africa.
Billionaire investor Warren Buffett wagered $1 million that an S&P500 stock index fund would outperform a basket of hedge funds over the course of a decade. Buffett had long been a vocal critic of hedge funds (and asset managers in general), holding that the industry’s exorbitant fees were not justified by their funds’ performances.
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Every year in February, after the State of the Nation Address, the finance minister presents the budget speech. Steven Nathan, CEO of 10X Investments, explains why the budget speech is important to all South Africans.
JustMoney finds out what protesters expect from the vote of no confidence during the Zuma Must Fall march.