Trading of foreign currency is an ever-growing market. This type of trading is fast-paced and unpredictable with potential for high risk as well as great rewards. Now more accessible to less affluent individuals, forex trading provides an array of individuals with opportunities for creating wealth.
What is forex trading? Here are a few basic concepts:
Foreign Exchange trading, commonly known as Forex Trading is the buying and selling of different global currencies.
The prospective trader acquires an amount of money in the currency of their choice (known as the base currency). The goal is to sell off currency for another. Read more
Can you tell me about yourself? This is usually the opening question. Try to keep your answer under five minutes and speak confidently about your highest qualification. Give examples of your achievements but try not to go into too much detail.
Why should we hire you? State your biggest achievement and the benefit it made to your previous employer. Point out to the interviewer what value you will bring to the company.
What are your goals? Stick to talking about both short and long term goals. Make sure that you relate your goals to the position you’re interviewing for.
Why do you want to work here? Your answer should give the interviewer the impression that you’ve given this some thought. It should also reflect your knowledge of the company’s values, mission statement, development plans and products. Describe your ambitions and how these match the company ethos. Read more
Getting married is a big step in a number of ways. The union of two lives doesn’t only end on the wedding day. Individuals become one not just emotionally and spiritually, but also financially. It’s important for couples to plan for the marriage thoroughly. This includes making arrangements for financial implications of marriage.
In South Africa, if you get married without making arrangements for signing an antenuptial contract, you are automatically married in community of property.
Getting married in community of property means that the assets you and your partner owned before and during your marriage are combined. It also means that you will need to obtain written permission from your spouse to buy or sell property. Read more
The pressures of life these days often leave many people in a financial bind. Many people rely on some form of credit to get through challenging months. Others are forced to turn to credit in the event of unexpected expenses such as an emergency medical bill. Being able to be dedicated to sticking to a plan to steadily pay the debt off is a task that some people are not able to commit to. This may result in them being unable to pay their debt off for an extended period of time. In other cases, companies may close down, meaning that their debt collections are suspended for a long period of time. Read more
The definition of unfair labour practices according to South African law is:
“Unfair labour practice means any unfair act or omission that arises between an employer and an employee involving –
Unfair conduct by the employer relating to the promotion, demotion, protection (excluding disputes about dismissals for a reason relating to probation) or training of an employee or relating to the provision of benefits to an employee.
The unfair suspension of an employee or any other unfair disciplinary action short of dismissal in respect of an employee
A failure or refusal by an employer to reinstate or re-employ a former employee in terms of any agreement; and
An occupational detriment, other than dismissal, in contravention of the Protected Disclosures Act, 2000 (Act No. 26 of 2000), on account of the employee having made a protected disclosure defined in that Act.”
Retrenchment in South Africa – Job security is important for everyone. Moments of uncertainty may arise when the security is threatened. It can become much simpler when you know some of the reasons that cause uncertainty.
Retrenchment and its implications:
The current economic climate has pushed many organisations towards making changes. Restrictions in growth and cutting down on expenses has meant that there have been many more retrenchments. Read more
Some of the most common reasons people want to leave their jobs include lack of recognition and no correlation with reward and effort. Make sure that you are leaving after having expressed your grievances to your superiors fully. If there are no alternatives and you are ready, and then move on.
Be realistic about your safety net
It may be exciting to leave your job, but it’s highly important to be realistic about how long your savings will sustain you for. It’s always advisable to have at least 12 months of savings in a liquid account so you can access the cash when you need it. Read more
A good marketing strategy attracts the right kind of business. It’s important to examine each part of the strategy, to ensure that you achieve maximum benefits.
What is a marketing plan?
This is a document that spells out the company’s goals and the proposed strategies and business tactics that can be used to achieve them. It should be flexible and should reflect current trends to help you stay ahead of competitors.
Important steps to consider: Identify the audience each activity is targeted to: Read more
Property investment is a venture many people seek to get into at some point in their lives. This is mainly because the benefits it provides more often than not seem highly lucrative to prospective investors. Investing in commercial property is often viewed as a simple way to gain returns.
What is commercial property?
Commercial property includes structures such as retail buildings, office buildings, apartment buildings, industrial buildings and warehouses.
What are the pros of investing in commercial property?
Income potential: There is greater earning potential and more financial rewards compared to residential property investment. Read more