Money on a Monday :Know your flood cover as winter rains approach

Lester Kiewit speaks to Christelle Coleman, insurance expert and CEO of AMI Underwriting Managers, about the challenges homeowners on riverbanks and in flood-prone areas face when seeking insurance cover, what the law says about claim rejections linked to flooding and natural disasters, and what pr…

Money on a Monday: Do your homework before taking part in a rewards or loyalty program

Loyalty programs have become ubiquitous, with banks, medical aids, airlines, and retailers offering rewards and discounts to their customers. But are these programs really rewarding your loyalty, or are they just cleverly designed to get you to spend more? Lester Kiewit speaks with certified finan…

Money on a Monday: Why is property value exploding in working class neighbourhoods?

A viral TikTok by property commentator Damian Clarke has sparked debate around the city’s pricey housing market, after he featured a nearly R5 million home listing in Grassy Park. This is a working-class neighbourhood, so what does this say about our housing market? Lester Kiewit discusses this w…

Money on Monday: How insurance works when natural disasters strike and what it actually covers

Lester Kiewit speaks to insurance expert and CEO at AMI Underwriting Managers, Christelle Coleman, about what kind of protection people and businesses really have in the face of natural disasters, and how far that cover actually stretches when extreme weather hits at this scale. Lester Kiewit brin…

Money on a Monday: Safeguards against coerced transactions

Banks are constantly having to evolve their security measures in a bid to stay one step ahead of criminals who are intent on gaining access to bank accounts of their victims. Lester Kiewit speaks to Andre Wentzel, CEO of the South African Banking Risk Information Centre (SABRIC), to unpack a recen…

Money on a Monday: Do you remember the One Rand Man?

Back in 2014, as part of Savings Month Awareness, Sanlam arranged for Werner Oelofse, then a 32-year-old architectural consultant, to receive his entire month’s salary in R1 coins, and that is all he could use to make his payments. Did it experiment with his approach to budgeting? Lester Kiewit tr…

Money on a Monday: Why are banks rewarding us for spending more?

Many banks are now offering rewards to incentivise clients for spending, rather than saving. Does this mean that banks are discouraging people from saving their money? John Maytham, standing in for Lester Kiewit, speaks to finance journalist Maya Fisher-French to make some sense of it all. Lester…

Money on a Monday: How deep in debt are South Africans?

When it comes to living on credit, how are we doing as a nation, and which segment of the population is heavily reliant on credit? Where are South Africans spending, and how frivolously are they doing it?  Lester Kiewit speaks to Jaco van Jaarsveldt, the Chief Strategy and Innovation Officer in Af…

Money on a Monday: Why paying cash isn’t always the best car deal

Did you know that you can’t simply walk into a car dealership and ask for a cash discount if you want to buy a vehicle outright, without taking out bank finance? Lester Kiewit speaks to Michael Pashut, founder of changecars.co.za, about dealer incentive commissions, also known as kickbacks, and ho…

Money on a Monday: How to negotiate your salary with confidence

How should you handle the salary question in a job interview: play it safe and risk underselling yourself, or aim high and negotiate with confidence? Lester Kiewit speaks to Advaita Naidoo, Africa MD at Jack Hammer Global, about why this question should be treated as a strategic opportunity, backe…