Build your wealth by investing in your future

Popular saving and investment vehicles in South Africa include savings collectives known as stokvels, government-issued retail savings bonds, and tax-free savings accounts.

Stokvels offer a communal approach to saving, retail savings bonds provide competitive returns for those looking at medium- to long-term investments, and tax-free savings accounts offer tax-exempt growth on investments, up to certain contribution limits.

Savings accounts typically accrue interest daily, which can then be added to the account monthly, or on an agreed date. In the case of accounts that are only accessible at maturity, the interest is still generally calculated daily but may be paid out monthly, quarterly, annually, or at the end of the investment term.

Accounts that offer immediate access allow you to withdraw your funds at any time, and usually come with the ability to transact. 

Fixed deposit accounts, on the other hand, allow for the money to be accessed primarily at the end of the investment term. Withdrawing funds earlier may attract penalty fees.

Before embarking on your investment journey, identify your investment interests and objectives.

Using an online trading platform can be a convenient option for direct stock market investments; however, a financial adviser can offer a more personalised investment approach.

To make wise investment decisions, ensure that you’re up to date with the latest market developments that align with your financial aspirations.

Staying informed by following our informative articles, and seeking advice from a financial adviser, can help you pinpoint promising investment avenues.