Tag Archives: alliance

By Tokiso Nthebe Every month end, many households are often stressed trying to stretch their monthly income to cover all the expenses. With the cost of living on the rise and financial resources limited, this can become extremely overwhelming. More worrying are the households operating without a plan (commonly known …

You will never appreciate having car insurance until an accident happens. It was Sunday the 15th September 2019 when some reckless driver turned into my lane abruptly without indicating. As you can imagine, I made all attempts to avoid a collision, but to my dismay my car was left damaged …

A bank or account statement is defined as a summary of financial transactions recorded over a period of time by financial institutions i.e. bank, insurance or asset management companies.  Most financial services providers send account statements to their clients on a monthly or quarterly basis depending on the agreed upon …

Stokvels, a concept dating back to the 19th century is an opportunity for a group of people to pool and rotate funds amongst themselves to achieve a common goal. Stokvels takes different forms ranging from savings and investment clubs, burial societies and grocery clubs to name a few (Mazwi, 2015). …

As mentioned in the previous article, a life insurance policy is a contract between a client and an insurer. It is a legal and binding contract which sets the parameters applicable to the insurance contract between you and the insurer. You, the client promise to pay a premium as determined …

So far, we have discussed various insurance products you can apply for in different companies based on your needs. Once you have applied for the appropriate insurance and undergone the necessary underwriting, if applicable, the insurance company decides whether or not to accept the application. Once the application is accepted, …

Last week, we dealt with products that assist you in saving for old age. Once you reach retirement age, you would have seen that the various retirement funds allow you to take a maximum of one-third in cash and to purchase a compulsory annuity with the remaining two-thirds. An annuity …

One of the major risks in life is living too long and outliving your asset so that you become a burden on your children, relatives and neighbours. You practically become a begging bowl because you did not save enough money for old age. You need to save adequately for your …

The death of a family member is certainly one of the most harrowing life experiences and the associated burial expenses can be devastating to the poor. In a country with a high unemployment rate and 59 percent of the population living below the poverty line at M26.95 a day, death …

While we agree that lack of financial literacy in Lesotho is the main culprit for poor savings and investors falling prey to scammers as it emerged during the Money Month campaigns, our recent history tells us that Basotho prefer quick money-making pyramid schemes. Pyramid schemes deceive investors. People give a …