1. BARLOWORLD EQUIPMENT Winning at every site
THE BARLOWORLD STORY / SLIDE 1
Coping with financial planning & social challenges
CIGFARO Women in
Public Sector Seminar
Ramasela Ganda
1 March 2018
BARLOWORLD EQUIPMENT Winning at every site

2. BARLOWORLD EQUIPMENT Winning at every site
THE BARLOWORLD STORY / SLIDE 1
CONTENTS
Problem Statement
Financial planning and social challenges
The need to have financial plan
Strategies for effective financial planning
Risk Management
BARLOWORLD EQUIPMENT Winning at every site

3. BARLOWORLD EQUIPMENT Winning at every site
THE BARLOWORLD STORY / SLIDE 1
WHY IS IT IMPORTANT?
Life Expectancy: According to the latest WHO data published in 2015 life expectancy in South Africa is:
Male 59.3,
Female 66.2 and
total life expectancy is 62.9 which gives South Africa a World Life Expectancy ranking of 152.
BARLOWORLD EQUIPMENT Winning at every site

4. BARLOWORLD EQUIPMENT Winning at every site
THE BARLOWORLD STORY / SLIDE 1
WHY IS IT IMPORTANT?
Salaries: Women earn 23% less (Stats SA) than men.
According to Bosch, women's skills are undervalued and therefore directly affect their perceived worth and income skills.
BARLOWORLD EQUIPMENT Winning at every site

5. BARLOWORLD EQUIPMENT Winning at every site
THE BARLOWORLD STORY / SLIDE 1
WHY IS IT IMPORTANT?
Single Parent: Over 1.1 million births were registered, but 64% had no information on fathers.
According to the former statistician general, Pali Lehohla, who presented the report in parliament, 886 202 babies were born last year.
More than 50% of the women who gave birth were single mothers who have the stress of raising children alone accompanied by financial stress.
Married women: Ignore financial planning
BARLOWORLD EQUIPMENT Winning at every site

6. BARLOWORLD EQUIPMENT Winning at every site
THE BARLOWORLD STORY / SLIDE 1
WHAT IS FINANCIAL PLANNING
Financial planning: is a comprehensive evaluation of an individual's current income and future financial state by using current known variables to predict future income, asset values and withdrawal plans, this include:
Budget which organizes an individual's finances;
Goals for spending and saving in the future.
This plan allocates future income to various types of expenses, such as rent or utilities, and also reserves some income for short-term and long-term savings.
A financial plan is sometimes referred to as an investment plan, but in personal finance a financial plan can focus on other specific areas such as risk management, estates, college, or retirement.
BARLOWORLD EQUIPMENT Winning at every site

7. BARLOWORLD EQUIPMENT Winning at every site
THE BARLOWORLD STORY / SLIDE 1
WHAT IS FINANCIAL PLANNING
Higher life expectancy
Retirement
Maternity leave
and work break
Unplanned expenses and emergencies
Financial freedom
The need to be independent
High cost of health care
Not sufficient funds from the retirement plans
Receive between 38% and 58% of your gross salary per month. Reduction of contribution
Loss of employment
Death of spouse
Medical health
BARLOWORLD EQUIPMENT Winning at every site

8. BARLOWORLD EQUIPMENT Winning at every site
THE BARLOWORLD STORY / SLIDE 1
Take control of your finances
STRATEGIES FOR FINANCIAL PLANNING
Understand your current financial situation
Country’s economy
Set up financial goals
Write them down
Roadmap for achieving the goals
Evaluate available options
i.e. Investment
Financial action plan
Long term
Short term
Annual review of long term plan
Monthly review of short term plans
BARLOWORLD EQUIPMENT Winning at every site

9. BARLOWORLD EQUIPMENT Winning at every site
THE BARLOWORLD STORY / SLIDE 1
RISK MANAGEMENT
Financial planning
Monthly budget
Retirement Planning
Education plan
Disability
plan
Tax planning
Estate planning
Tax-free savings
Individuals are allowed to invest up to R per annum in one or more of these accounts up to a maximum of R over their lifetime.
All the investment returns earned in the accounts are completely tax-free.
BARLOWORLD EQUIPMENT Winning at every site

10. BARLOWORLD EQUIPMENT Winning at every site
THE BARLOWORLD STORY / SLIDE 1
Thank you
BARLOWORLD EQUIPMENT Winning at every site

11. Thank you