Personal Finance Newsletter - Volume 2007, Issue 321, 2007
Volume 2007, Issue 321, 2007
Source: Personal Finance Newsletter 2007, pp 1 –2 (2007)More Less
Source: Personal Finance Newsletter 2007, pp 4 –5 (2007)More Less
When I was a young boy, I was flabbergasted to learn that my parents had paid R19 000 for a family home with a swimming pool. That was back in 1980, and considering that R2 000 per month was a really decent family income in those days, this just seemed like an enormous amount of money to pay for a house - particularly as the building society (remember those?) required a 20% deposit, plus you had to have your own funds for transfer and bond costs.
Author Tessa KrugerSource: Personal Finance Newsletter 2007, pp 5 –6 (2007)More Less
Author Julius CobbettSource: Personal Finance Newsletter 2007, pp 6 –8 (2007)More Less
If you believe this, you'll believe anything - but a surprising number of people do. Rudco is offering its clients the opportunity to fix their home loans at 6% a year, for up to 20 years. The offer applies to all potential clients, regardless of their creditworthiness.
Source: Personal Finance Newsletter 2007 (2007)More Less
Source: Personal Finance Newsletter 2007, pp 11 –12 (2007)More Less
As construction cools, fund managers look for new opportunities. The smart money was in equity over the last few years, especially construction. General equity unit trusts have raced along with the markets for the last twelve months; the best performing fund, the Sasfin Twenty Ten Fund, rose over 60% in the last year.
Source: Personal Finance Newsletter 2007, pp 13 –14 (2007)More Less
Many (if not most) small businesses are funded by means of a fairly nominal fixed capital, accompanied by often substantial amounts of money advanced to the entity by its owners. This money is recorded in the books of the entity as a shareholders' loan, and in many cases these funds are advanced to the business free of interest.