personal finance
The 2026 South African budget has increased the single discretionary allowance to R2 million per adult, allowing couples to transfer up to R4 million offshore annually with reduced paperwork. This change simplifies moving funds abroad but experts warn of potential tax and exchange rate pitfalls.
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Teaching children effective money management skills can set them up for lifelong financial success. Financial adviser Kenny Meiring offers practical strategies for parents to instill habits like saving and understanding compound interest. These methods emphasize real-world lessons through pocket money, earning, and digital awareness.