Getting your finances in order before 2016

Financial security remains a big concern for South Africans who will feel the pinch of the tough economic climate.

702 and Cape Talk's Koketso Sachane spoke to financial planner for Liberty and Stanlib, Munaf Mukadam, about the savings and investment options that are available.

Listen to the conversation below:

Going into 2016 is going to be a tough year cash-flow wise...Interest rates will increase, which means you'll pay more if you have a loan.

Munaf Mukadam, financial planner at Liberty

A pension fund won't be sufficient enough for your retirement plan, it would be advisable to have a seperate retirement annuity.

Munaf Mukadam, financial planner at Liberty

This article first appeared on 702 : Getting your finances in order before 2016


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