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Sun, December 15, 2024
[ 05:40 AM ] - United States, businesstech.co.za
Allan Gray festive season warning for South Africa
Sat, December 14, 2024
[ 05:20 AM ] - United States, businesstech.co.za
The taxman is not going anywhere this festive season
Fri, December 13, 2024
[ 10:00 AM ] - United States, businesstech.co.za
Godongwana lays out South Africa's G20 ambitions
Thu, December 12, 2024
[ 09:40 AM ] - United States, businesstech.co.za
Finance companies in South Africa slapped with R1.8 million in fines
[ 01:20 AM ] - United States, businesstech.co.za
Trouble brewing at SA's borders, and big step forward for rail in Cape Town
Tue, December 10, 2024
[ 06:20 AM ] - United States, businesstech.co.za
Business Talk - DBSA executive Mpho Mokwele unpacks the key takeaways from COP29
[ 06:00 AM ] - United States, businesstech.co.za
Power your farm's future: Access grants, finance and expert guidance for solar power
Mon, December 9, 2024
[ 09:01 AM ] - United States, businesstech.co.za
Business Talk - Standard Bank's Amish Shunker and .. th Africa's role as an intra-African trade leader
Sun, December 8, 2024
[ 12:40 PM ] - United States, businesstech.co.za
A new type of mafia is targeting your bank account in South Africa
[ 08:20 AM ] - United States, businesstech.co.za
4 banks call it quits in South Africa in 2024
Fri, December 6, 2024
[ 05:31 AM ] - United States, businesstech.co.za
New currency for South Africa, Russia and China bites the dust
[ 03:30 AM ] - United States, businesstech.co.za
Eskom to sell R5.7 billion business
[ 01:31 AM ] - United States, businesstech.co.za
Absa feels the pain

Allan Gray festive season warning for South Africa


Published on 2024-12-15 05:40:58 - businesstech.co.za
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  • South Africans tend to become less vigilant during the festive season, making the life of fraudsters far easier when targeting unsuspecting victims. Personal information is valuable, but we are often required to disclose our details frequently to access our bank accounts and investments.

Allan Gray, a prominent investment management firm in South Africa, has issued a festive season warning regarding the financial implications of holiday spending. The article from BusinessTech highlights that Allan Gray advises South Africans to be cautious with their expenditures during the festive period due to the ongoing economic challenges like high inflation, rising interest rates, and a volatile rand. The firm emphasizes the importance of budgeting and avoiding unnecessary debt, especially through credit cards or short-term loans, which could lead to financial strain in the new year. They suggest setting spending limits, prioritizing essential purchases, and considering the long-term financial impact of holiday spending. Allan Gray also recommends saving throughout the year for holiday expenses to mitigate the need for borrowing. The overarching message is one of financial prudence to ensure that the joy of the festive season does not lead to financial distress in the months following.

Read the Full businesstech.co.za Article at:
[ https://businesstech.co.za/news/finance/800883/allan-gray-festive-season-warning-for-south-africa/ ]

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