The week of 3 to 7 May 2010 in review

By Staff Writer
Monday
After ABSA got slapped with a law suit for lending money to a pensioner in Port Elizabeth who could clearly not afford it, the banking Ombudsman revealed that reckless lending is actually quite common in South Africa. With the National Credit Act having the reputation it does, who'd have thunk it? Read more

Tuesday
South African playboy Lolly Jackson was murdered on Monday night and so we took a look at how much his cars are worth. He owned quite a few high end sports and vintage cars and you might be shocked when you read just how much he spent on these bad boys. Read more

Wednesday
Picasso's artwork broke a record at an auction on Tuesday night when it was sold for an absolutely staggering $106.5 million, but it wasn't the only work of art that coined it. Read more

Thursday
With the World Cup around the corner and football fever gripping the country, SAFA introduce a R1-million for every goal scored by the national side incentive but with Bafana's average, that money should be safe. We took a look at what other high rolling sport incentives are out there. Read more

Friday
With all this cash-flashing going on, we all think the recession is over but strategist and scenario planner Clem Sunter burst our bubble when he said that there is an 80% chance that the current economic upturn is temporary. So, if the recession could talk, it would say: "I'll be back!" Read more

Recent Articles

Featured Register your customary marriage or lose the right to inherit estate

December is that time of the year when we will see at least one suitor sending his uncles to negotiate the price of his future wife. Lobola, as the bride price is known, has always been an important element of the African marriage.

Read more

Changing from one medical scheme to another - effortlessly

It is coming up to the end of the year and you might be looking to change medical schemes, or options within a scheme in preparation for the new year. While you don’t necessarily have to wait for year-end to do so, providers often recommend it.

Read more

Your guide to financially surviving Christmas

There are a few times each year where you need to dig deeper into your pocket and spend more money such as birthdays, anniversaries, and the Christmas period. Whether you celebrate this religious holiday or not, the festive period - depending on how you choose to spend it - means increased travelling, buying of gifts, entertaining, and eating out at restaurants.


Read more

Trump, Trump and a little bit of South Africa

What a November we had, with the rand staging one of its best months and closing below the R14.00 level. To be honest, this looked like quite a far-fetched possibility at one stage during the month. It seems that the tide has changed a little, even though it might be short lived since the US dollar bulls are not so sure of their case anymore.

Read more

Sign Up

To our weekly newsletter for advice you can bank on

Deals

Free iCollege Scholarship

Price: R600
When: Until 16 May 2019
Where: Nationwide

Telkom December Big Deal

Price: R459 pm
When: Until 31 December
Where: Nationwide

Money Savvy Kids Giveaway

Price: R450
When: 8 December
Where: Johannesburg (Milpark)