PERSONAL FINANCE

Turn your R100 a month into R20 million

Imagine parents who start investing for their child on the day that she is born. If they put away just R100 every month and it grew at 10% per annum, by the time their daughter turns 21 her investment would be worth over R85 000. That is a great head start in life to be able to give a child ...

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Skye Bank harps on early savings culture

Skye Bank Plc has underscored the importance of inculcating financial literacy and savings culture in children to nurture life-long culture of prudence and diligence in them. To foster financial literacy and savings culture, Skye Bank last week presented awards to winners of its nationwide Skye Rainbow Essay Competition. The competition, which kicked off last April across the six geopolitical zones ...

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University student is Al Dana millionaire

Doha Bank has recently held the sixth Al Dana Millionaire event at its Al Mirqab Branch to draw and announce the winners of its Al Dana Savings Scheme campaign for September 2017.The draw, which was also live streamed on Doha Bank’s social media platforms in the presence of Doha Bank customers, an officer from the Ministry of Economy and Commerce, ...

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Senate Passes Pension Reform Bills

The Senate, on Friday (Sept. 29) passed two critical bills, paving the way for the reform of pension arrangements for employees in the public sector. They are the Pensions (Public Service) Act of 2017, which had 62 amendments and the Constitution (Amendment) (Establishment Fund) (Payment of Pensions) Act of 2017. Under the new provisions, pensionable officers will be required to ...

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Republicans defend tax plan as a middle-class tax cut

Republican leaders on Sunday were unable to guarantee tax cuts for all middle-class workers as a part of a tax plan that GOP leaders have pledged to produce by the end of the year. House Speaker Paul Ryan, R-Wis., and Treasury Secretary Steven Mnuchin defended the newly released GOP tax plan as a boon for the middle class amid accusations ...

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OJ Simpson Made Six Figures From NFL Pensions While in Prison

O.J. Simpson was released from Nevada prison early on Sunday, Oct.1. The former football star and celebrity, was acquitted back in 1995 over the murders of his ex-wife, Nicole Brown Simpson, and Ronald Goldman, in what became known as the “trial of the century,” CBS News reported. Simpson was later sentenced to 33 years for an armed robbery, but was granted parole ...

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Tanzania: Government Mulls Over Universal Pension for Older Persons

By Ludovick Kazoka in Dodoma AS Tanzania today joins the rest of the world to mark International Day of Older Persons, the government has directed all district authorities to make use of the day to provide the senior citizens with identification cards. The Deputy Minister of State in President’s Office (Regional Administration and Local Government), Mr Selemani Jafo, speaking here ...

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Moga rally: Differently-abled target Congress over pending pension, ‘unfulfilled’ promises

Written by Divya Goyal | Ludhiana | Updated: October 2, 2017 1:09 am The rally took place in Moga on Sunday (Source: Google Maps) As a symbol of protest against the Congress government for ‘misleading’ and making ‘false’ pre-poll promises in its manifesto, several differently-abled people from Punjab under the banner of Apang Swang Lok Manch (Asul) staged a Lok ...

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Abu Dhabi Expands Worldwide Solar Investments

In May Abu Dhabi Water and Electricity Authority (ADWEA) closed a project finance agreement for the 1.17-GW Noor Abu Dhabi, a project set to be the largest independent solar plant in the world. The photovoltaic (PV) facility will cost $872m – of which $650m will be debt and $222m equity – and is slated to be operational by the second ...

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Amgen Inc. (AMGN) Shares Bought by National Pension Service

National Pension Service increased its stake in shares of Amgen Inc. (NASDAQ:AMGN) by 10.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 545,932 shares of the medical research company’s stock after purchasing an additional 51,978 shares during the quarter. National Pension Service owned approximately ...

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