Your Money Matters provides thought-provoking listening on every aspect of finances. With his sharp humour and conversational style, Bruce asks some tough questions on managing money well and how to build financial skills that pave the way towards greater security, financial freedom and life's rewards. Listen to the series here.
About your host:
Bruce Whitfield is an established business journalist with extensive knowledge on everything to do with money, financial planning and navigating the business arena. In this podcast, Bruce tackles banking, investing and protecting financial wellbeing in his enjoyable conversational style to make dealing with finances more relatable.
Inside Your Money Matters
Ever thought about your relationship with money? How feelings and behaviour influence your choices? David Zidel and David Leibowitz expose the good and the bad of human nature and money. And, give tips on little steps, behaviours and motivators to manage money well.
David Zidel
An author and lecturer at many
business schools across South Africa.
David Leibowitz
An Associate Specialist in Technical
Marketing at Discovery Bank.
Does the size of your income really mean you are better off? This podcast may tell another truth. Making the right choices and implementing practical tools, say Hayley and Akash, all develop a mindset of managing money well, no matter how much money you have.
Hayley Parry
Worth Co-founder and Chief Education
Officer with a passion for financial education
Akash Dowra
Head of technical marketing and
client insight at Discovery Bank
Being financially free sounds hard. Without the "sacrificing mindset", Stealthy Wealth aims for financial independence at the age of 45. His worst mistake is what he calls the R60 000 date he took his wife on. Listen to his journey to reach his goal.
Stealthy Wealth
A personal finance blogger documenting
his journey to early retirement and financial
independence by 2030 at age 45.
Saving is nowhere near as exciting as spending - or is it? The Wealth Chef, Ann Wilson, and head of Research and Development at Discovery Invest, Craig Sher, want to turn SA's savings culture on its head. Tune in to hear how.
Ann Wilson
The Wealth Chef
Craig Sher
Head of Research and Development
at Discovery Invest
Need inspiration? Learn how model turned entrepreneur Jo-Anne Strauss set herself up for success as she and Guy Chennells, product head at Discovery Employee Benefits, share life experience and explain how to put retirement planning into action.
Jo-Anne Strauss
Model, public speaker and businesswoman
Guy Chennells
Product Head at Discovery
Employee Benefits
Understanding why you want to invest offshore will inform the how, says author of The South African's Guide to Global Investing, David Joshua. Here he shares insights to help locals gain the right perspective and approach to global investing.
David Joshua
Author of The South African's Guide to Global Investing
When should you consider life insurance cover? When your career is well established, get married or start a family? Tune in for Discovery Life Deputy CEO, Gareth Friedlander's insights.
Gareth Friedlander
Discovery Life Deputy CEO
Is there a life insurance gap when it comes to women? What kind of cover do women really need? Tune in for insights from Discovery Life's Chief Medical Officer, Maritha van der Walt and Senior Risk Specialist, Kashmeera Kanji.
Dr Maritha van der Walt
Chief Medical Officer at Discovery Life
Kashmeera Kanji
Discovery Life Senior Risk Specialist
Could your children continue their education if something unforeseen were to happen to you? Discovery Financial Adviser, Claire van Wyk & Senior Risk Specialist, Kashmeera Kanji share how life insurance can help to secure your child's education.
Claire van Wyk
Discovery Financial Adviser
Kashmeera Kanji
Discovery Life Senior Risk Specialist
'Business insurance' and 'business assurance' - what's the difference? Head of Legal Services, Harry Joffe and Senior Risk Specialist, Daniel Stoch explain the answer to this and more.
Daniel Stoch
Senior Risk Specialist
Harry Joffe
Head of Legal Services at Discovery Life
Developments in digital banking, currency and the law are shaping the future of financial services. Get interesting insights from two experts about what's happening in fintech, security and how tech is making banking easier, safer and more personal.
Arif Ismail
Head of Fintech at the South African Reserve Bank
Jérôme Frey
Chief Information Officer at Discovery Bank
Subscribe to Your Money Matters on your favourite podcast app
FSCA MyMoney Learning Series
With banking financial crime on the rise, consumers need to play an active role in protecting their personal information to avoid falling victim to fraudulent activity.
Watch our 10-part video series below, in partnership with the FSCA (Financial Sector Conduct Authority), to learn more about different types of banking fraud, what to do if you suspect fraud on your accounts, and how to take steps to protect your personal information and money.
Discovery's Women's Month collaborative campaign
Here is a simplified approach to help you navigate through the process:
Conduct market research
Begin by identifying your target market, assessing the demand for your product or service and understand your competition. This research will form the foundation of your business strategy.
Develop a comprehensive business plan
Outline your business goals, marketing strategy, financial projections, and operational details. A wellstructured business plan will guide your decisions and help attract investors or lenders, should you require financing to start up your business.
Register your business
Determine your business structure, such as a private company or sole proprietorship. If you plan to register your business as a company, choose a unique name and register with the Companies and Intellectual Property Commission (CIPC). Complete the necessary forms on the CIPC portal (https://bizportal.gov.za) to register your business, reserve a name and register with SARS at the same time.
Licenses and permits
Depending on the nature of your business, you may need specific licenses or permits to operate legally. Research and acquire the required documentation from the relevant government department or regulatory body.
Financial systems
Open a business bank account to separate your personal and business finances. Having a business bank account demonstrates professionalism and adds credibility to your business. It will allow you to track business related income and expenses more efficiently to monitor your budget and cash flow. It will aid in ensuring tax compliance with the South African Revenue Services (SARS). Business bank accounts often come with additional features and services tailored to the needs of entrepreneurs, such as lines of credit and business support. If you are unsure how to manage your business finances, consider employing the services of a professional bookkeeper or accountant.
Capital and funding
Determine your start-up costs and explore funding options. There are various options including personal savings, bank loans or grants, which include the Department of Trade and Industry (DTI) and the National Empowerment Fund (NEF). You may consider preparing a compelling pitch and projections to present to potential investors or lenders.
Legal and Tax obligations
Familiarise yourself with tax laws and register for the appropriate taxes, such as value-added tax (VAT) and income tax. Consult with a professional tax consultant, bookkeeper, or accountant if you are unsure. Ensure compliance with labour laws, health and safety regulations and other legal obligations.
Establish a physical or virtual presence
Depending on your business model, secure a suitable location for your operations or set up an online platform. Consider factors such as accessibility, visibility, and cost-effectiveness. Your physical location may be temporary, so start small and as your business grows, you may move into a better suited location.
Market your business
Develop a marketing strategy to promote your products or services to your target audience. Utilise a mix of traditional and digital marketing techniques, such as social media, advertising and networking events, to raise awareness and attract customers. If you cultivate a positive reputation through word of mouth, your client base can expand organically.
Are you smart with your money?
Find financial freedom by reading our advice on how to save and grow your money, plan for your retirement, and more! Plus, we've got great tips from leading finance experts to ensure your financial wellbeing.