Why short-term insurance should be part of your budget

THE delay in South Africa’s 2025 National Budget Speech served as a reminder of the complexities of financial planning, where balancing priorities and preparing for uncertainties are key.

- STAFF REPORTER

Just as the government must allocate resources carefully to sustain economic growth, individuals must also budget wisely to safeguard their financial futures, and short-term insurance is a crucial part of this equation.

“In a country where unexpected events can disrupt even the most carefully-planned finances, insurance can’t just an expense, it’s a vital part of risk management,” says Siyakha Masiye, spokesperson at MiWay. “It can help to safeguard finances in the event of unforeseen circumstances like car accidents, home damage, or theft, preventing these incidents from turning into long-term financial burdens.”

There’s always a risk