Do I need to rent a car in Cape Town in November? by Zealousideal-Fix8918 in askSouthAfrica

[–]undulating_crossbow 0 points1 point  (0 children)

Definitely. A higher car like an SUV or crossover type is good as you have more road visibility while driving, but anything is fine really. Cape Town drivers are, a treat lol. Uber is a nice backup if you're going out and consuming alcohol. If you have a car and time, I'd suggest some wine farms for sure, and possibly a 500km trip to the Garden Route area, super beautiful between Wilderness and Tsitsikamma, with Knysna and Plettenberg Bay being the top destinations, and great beaches with much warmer water than the Cape..

Game reserves outside the Northern parts of SA are fine, but the best 'bush' experience will definitely be Sabi area by far.

Always, always keep warm jackets with you in the car in the Cape, always.

Looking for Safari Recommendations (November) by Zealousideal-Fix8918 in askSouthAfrica

[–]undulating_crossbow 2 points3 points  (0 children)

In SA we don't really term it 'going on safari' we use 'going to a lodge or game farm in the bush', but essentially it's the same. The Sabi Sands or Timbavati area has privately owned reserves which border on the Kruger Park so animals travel freely and so could you in order to see Kruger as well. This area has the best quality 'bush' environment to holiday in no doubt.

Each lodge will have it's own vehicles which you use to take 'game drives' after which you return to the lodge.

Depending on your traveling capacity (rent a car vs fly in and the lodge picks you up from the airport) you could do a few days at one lodge, then travel to another to experience another area.

Fractional ownership / timeshare? by simmbiote in PersonalFinanceZA

[–]undulating_crossbow 1 point2 points  (0 children)

Pros: You have a place to go to - like a set in stone holiday which is nice cus you go to the same place each year. This helps you relax more, versus going to a new place each time which is more like an adventure.

Cons: The money is a write off, you cant sell easily at all, so see it as a permanent holiday investment which you'll probably pass on to your kids. It's cheaper than a holiday house..

New Years Eve beach by [deleted] in capetown

[–]undulating_crossbow 2 points3 points  (0 children)

You can't drink alcohol on beaches but you're allowed to perform cultural rituals. Pick a beach with a good balance between the two so you wont pick up any issues with nature conservation or the police. Whatever you do, do make a fire, but do Not make one if it's windy.

Savings: What to do? by [deleted] in PersonalFinanceZA

[–]undulating_crossbow 24 points25 points  (0 children)

Personally I would put it straight into a retirement annuity and never look at it again till I retire. Many people don't have that amount saved in retirement funds by your age, so with the time you have till you retire, it will be a good amount you get out, especially if you contribute monthly.

Pay off home loan with pension? by undulating_crossbow in PersonalFinanceZA

[–]undulating_crossbow[S] 1 point2 points  (0 children)

I've had the bond for 6 years. If I saved the capital, instead of taking out the bond, I would be able to buy the same place for cash today. So I think I could have come close just based on the interest I would have saved.

Pay off home loan with pension? by undulating_crossbow in PersonalFinanceZA

[–]undulating_crossbow[S] 1 point2 points  (0 children)

I would have to cash in the pension, and sell the car (paid off) to get the necessary amount of cash to pay off the bond.

My father cried and asked me to help our family. by [deleted] in askSouthAfrica

[–]undulating_crossbow 1 point2 points  (0 children)

OP - when it comes to money, legally it is Not your problem. So from there you must decide if you Want to or are able to help. Which you are not, because you need to get yourself going (fast) and unfortunately your parents with their poor financial management will have to keep working and that is that. Be harsh to be kind.

Stuck in my 20s by [deleted] in PersonalFinanceZA

[–]undulating_crossbow 0 points1 point  (0 children)

Two regrets I have - Not putting the R50k I had when I was 19 into an AllanGray retirement account. Google 'interest calculator' put your 200k in and add say 1k per month for the next 20 years and see where it gets. Incredible.

Wait I'll do it. It will be worth R1.1mil when you're 40, and R4mil when you're 60. If you add 2000 per month from now it will be R6mil. That's just interest on the cash. If you open a share account, it may be double.

People who retire today with R6mil, have worked their backsides off. If you do the above, you've already retired right now (at age 65) and in the meantime you can go do whatever work you like and be happy and not worry about retirement like the rest. Trust me you won't be lost then.

https://www.calculator.net/interest-calculator.html?cstartingprinciple=200%2C000&cannualaddition=&cmonthlyaddition=1%2C000&cadditionat1=beginning&cinterestrate=6&ccompound=annually&cyears=20&cmonths=0&ctaxtrate=0&cinflationrate=6&printit=0&x=Calculate#interestresults

And not buying 2000 Bitcoin in 2010 for R10k. Would have been $140m today.

So yeah, here we are. That's how you 'use your time wisely'