Basics of a loan
By Njabulo Nkosi
It is a sobering thought to know that you will have all the cash you need at the right time you need it. However, there are times that people require the equity they need for something they need to purchase. They may secure the money they need by stealing the money or borrowing it. This is where the securing of loans comes in. (more…)
Share on Facebook10 ways to maximise a student budget
By Njabulo Nkosi
Being a student is not an easy thing especially when it comes to budgeting and managing your finances. In the face of this difficulty, Ed Ewing of the Guardian UK, gives some sound 10 tips on how to stretch your student budget. (Revised to apply to Rhodents) (more…)
Share on FacebookEntrepreneurs of G-town
By Njabulo Nkosi
“Work hard in school, get into a good university, then go work for another person, and retire at 65 into financial security”. This is what Robert .T. Kiyosaki, author of the bestseller Rich Dad, Poor Dad, was told when he was young. Ever heard these words and been convinced that they are a solid idea? In today’s world of scarcity of employment, poverty-stricken communities, government policies and employers downsizing due to recessions and financial woes, this advice might not be such a viable option any longer. Although education is very important, nowadays, the government is encouraging people to venture into entrepreneurship. According to finance minister Pravin Gordhan, SMEs (small to medium enterprises) are critical to the growth of South Africa’s economy. The best way to ensure this, said Gordhan, is to engage the youth in entrepreneurship. (more…)
Share on FacebookSmart business investments for students
By Njabulo Nkosi
With the fluctuating currencies of the world, the devastating recession and the insecurity of the job market, it is a wise decision for any student to begin building a sound investment portfolio. Investment is the placing of money into assets (financial or otherwise) which should ideally yield a return in the long run. There are some things to consider when choosing an investment instrument, as wealth-building begins with a plan. (more…)
Share on FacebookEurozone sweating like PIIGS
By Brendan Ward
The eurozone is teetering once again on the brink of economic disaster as the spectre of the debt crisis returns, causing shares and markets globally to fall once again. The overhang of debt in Greece, along with worrying signs in Ireland, Italy, Portugal and Spain, raises a number of serious concerns for the state of the global economy. (more…)
Share on FacebookSouth Africa’s (latest) richest man
By Njabulo Nkosi
The rich get richer as the poor struggle to keep their heads above water. New billionaires are born, and some have fallen. The Forbes list, the list of the richest people in the world, has increased this year both in the number of billionaires and the combined wealth of these billionaires, which now totals a massive $4.5 trillion (R31.5 trillion). The list of the top five richest people in South Africa, which has recently opened its ranks to admit a new richest man, are briefly introduced below. (more…)
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