The Personal Finance series with Warren Ingram

South Africa's economy is sick. How to keep whatever wealth you have intact...

The South African economy is sick.

Politics is making it worse.

What can we do to safeguard ourselves in these uncertain times?

Ray White (in for The Money Show’s Bruce Whitfield) interviewed personal finance consultant Samke (Sam) Mhlongo-Ngwenya for his weekly personal finance feature.

Ngwenya discussed the following three actions you should consider taking:

  • Rand hedge (i.e. invest in companies that earn profits in foreign currencies)

  • Deleverage (i.e. get rid of debt)

  • Create additional income stream/s

What does this mean? For more detail; listen to the interview in the audio below (and/or scroll down for quotes from it).

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.


This article first appeared on 702 : South Africa's economy is sick. How to keep whatever wealth you have intact...


Recommended

by THE NEWSROOM
Read More
Is your money in the bank safe? Banking Association on S&P's downgrade of banks…

Is your money in the bank safe? Banking Association on S&P's downgrade of banks…

S&P has downgraded South African banks. Banking Association of SA’s Cas Coovadia discusses the development on The Money Show.

How to ensure your small business survives the current situation in South Africa

How to ensure your small business survives the current situation in South Africa

Small business guru Pavlo Phitidis advises entrepreneurs on how to adapt to a country in flux.

How SA’s reshuffle to ‘junk status’ will affect your pocket

How SA’s reshuffle to ‘junk status’ will affect your pocket

Anxious The Money Show listeners are asking about the effect of the ratings downgrade their finances.

What South Africa’s reshuffle to 'junk status' means for your pension fund

What South Africa’s reshuffle to 'junk status' means for your pension fund

Arabile Gumede (on The Money Show) interviews ZAR-X CEO Etienne Nel.

How to keep your wealth intact (should Jacob Zuma fire Pravin Gordhan)

How to keep your wealth intact (should Jacob Zuma fire Pravin Gordhan)

We have learned a thing or two from Nene-gate, says Galileo Capital Personal Financial Advisor Warren Ingram.

Popular articles
UK issues terror warning against SA after Brit couple abducted in KZN

UK issues terror warning against SA after Brit couple abducted in KZN

The British gov issued a travel advisory‚ warning of possible attacks when traveling to SA, after a UK couple was kidnapped.

Their way or the highway? 7 annoying habits many drivers are guilty of

Their way or the highway? 7 annoying habits many drivers are guilty of

Passengers often endure all sorts of irritations from drivers. Callers share their biggest gripes about folks behind the wheel.

[LISTEN] Gigaba deliberately misled the public - Zwelinzima Vavi

[LISTEN] Gigaba deliberately misled the public - Zwelinzima Vavi

Trade unions react to Malusi Gigaba's announcement of a one percentage point VAT increase for #Budget2018

Saps: Attackers spared 5 female cops in Ngcobo police shooting

Saps: Attackers spared 5 female cops in Ngcobo police shooting

E Cape Saps says they are investigating the murder of five police officers and one retired soldier at Ngcobo Police Station.

Missing Cape Town couple's vehicle found north of Durban

Missing Cape Town couple's vehicle found north of Durban

Hawks spokesperson says the couple has not yet been located and their names will not be released as yet.

How to make your first million

How to make your first million

Warren Ingram discusses his new book in which he shares practical ways for ordinary people to achieve financial freedom.