When education is a waste of time

Education a waste of time?The South African Qualifications Authority (SAQA) is the official body that oversees the
development of the National Qualification Framework (NQF) in South Africa. The NQF is the system we use to determine different levels of academic achievement.

Registered training institutions offer programmes that provide specific, quality  outcomes. Doing a registered course also means that your qualification will be recognized by employers, in South Africa as well as other countries. Continue reading

The Financial and Personal Implications of Paying Ubuntu Tax

The meaning of the word ‘Ubuntu’ is deeply rooted in African philosophy and ideology. A Nguni  term, ‘Ubuntu’ roughly translates to ‘human kindness’ and often encompasses greater aspects of humanity and human essence, largely in relation to other people.


At Northwood Financial Services cc, we use the word ‘ubuntu’ with our clients to describe a situation that develops when our extended family expects us to be kind, even if their demands are unaffordable.

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Fees vs Commission Based Financial Planning for Property

Earlier this month, a representative from an insurance company (that will not be named) had sent me an email. Assuming that I was an Estate Agent, the email presented me with a sales tactic that would drastically increase my income from house sales had I been a property agent. Highlighting a paragraph from the email, this is how the information was presented, word for word:


“Mr. Andrew (age 45) and Mrs. Adel (age 44) Smith have just bought a R 3 million house, and their request for a home loan has just been approved. So even through transfer has not yet happened, they have now met all suspensive conditions, and hence have become liable for the full purchase value of the home.   

At this time you could sit down and assist with a Mortgage Protection Cover for the Smiths.  Continue reading

Your Relationship with Money

Money has many uses.

Hundreds of years ago, if you were a corn farmer and wanted some meat, you could have easily gone to the market place and barter exchanged your produce for different goods. If not, you would have needed to keep trading your produce until you had found alternate goods that the meat supplier would have been happy to purchase. In a nutshell; your product only had value if someone wanted it.


Once money was invented, and started being used as a medium of exchange, it became possible to buy what you needed. Or, you could have simply stored and accumulated your wealth until you were ready to spend. As the corn farmer, your produce now became more useful as it could be exchanged for money.

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Avoiding Disaster With Back-Ups

cloud-computing-backupMany small businesses are left with major headaches when a computer virus or hardware failure wipes out important business documentation like invoices and bookkeeping records. The consequences can be severe and can cost hours of productivity as you and you staff try to piece together the paperwork that has accumulated in your business over the years.

Computer failure can also create havoc for your payroll system which is computerised in most businesses today. To avoid these hassles and many others, it’s essential that you back up your documents and records on a regular basis. Continue reading

Debt – Helping the Demotivated to Overcome

overcoming-debtOne of the worst feelings any of us can experience is going through each day with the stress and worry of bad debts on our shoulders. Whether you’ve skipped a car payment, or can’t see yourself clear to paying off your credit card anytime soon, your level of debt may be causing you serious anxiety.

If you find yourself in this situation, or are close to someone who is struggling with a debt problem, don’t despair – there is always a way to beat the cycle of debt. Continue reading

The Tax Implications of Retrenchment

tax-retrenchmentFinding yourself retrenched is never a pleasant experience, and the frustration involved will only be heightened should you find yourself on the wrong side of SARS during the process. As an illustration of just how difficult this situation could become, let’s take the example of Wendy, a recently retrenched office manager who approached us recently for assistance: Continue reading