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The South African
7 hours ago
- General
- The South African
The Daily Lotto results for Wednesday, 2 July 2025
Get Ready for Today's Daily Lotto Draw! Could tonight be your lucky night? Good Luck! 🎉 Dreaming of a big win? The Daily Lotto jackpot is up for grabs, and it's estimated at a thrilling R550 000! The jackpot prize money is guaranteed to be given away even if no one matches all five numbers. All it takes is a ticket to turn your dreams into reality because as the saying goes, you've got to be in it to win it! 📢 Stay tuned! The winning numbers will be updated below as soon as they're drawn at or after 21:15. 0, 0, 0, 0, 0 Draw date: 1 July 2025 Did you miss a draw and wonder if you won? Click here to view past Daily Lotto results and payouts. The Daily Lotto draws occur every day of the week, Monday to Sunday, around 21:30 (SA time). Buy your tickets now at your nearest participating retailer, on our website by visiting national using your computer or mobile site, via the National Lottery Mobile App, or participating banks, namely FNB, ABSA, Nedbank, Standard Bank, Capitec, TymeBank and African Bank otherwise dial 120 7529# for USSD. Winners who win R50 000 and above receive free trauma counselling from professional psychologists and financial advice from accredited financial advisors absolutely free. At the same time, winnings are paid tax-free directly into the winner's accounts. If you are buying tickets from a lottery outlet, they close at 20:30 on the day of a draw. Players must be 18 years old. Monday: Daily Lotto Daily Lotto Tuesday: Daily Lotto + PowerBall and PowerBall Plus Daily Lotto + PowerBall and PowerBall Plus Wednesday: Daily Lotto + Lotto, Lotto Plus 1 and Lotto Plus 2 Daily Lotto + Lotto, Lotto Plus 1 and Lotto Plus 2 Thursday: Daily Lotto Daily Lotto Friday: Daily Lotto + PowerBall and PowerBall Plus Daily Lotto + PowerBall and PowerBall Plus Saturday: Daily Lotto + Lotto, Lotto Plus 1 and Lotto Plus 2 Daily Lotto + Lotto, Lotto Plus 1 and Lotto Plus 2 Sunday: Daily Lotto For more details and to verify the winning numbers, visit the National Lottery website. You must always confirm the official winning numbers on the National Lottery website. We do our best to post the results as accurately as possible, but the National Lottery is the only source you can use to 100% verify the results. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
The South African
8 hours ago
- General
- The South African
The Lotto results for Wednesday, 2 July 2025
It's time for today's Lotto, Lotto Plus 1 and Lotto Plus 2 draws. Will you be South Africa's next Lotto multimillionaire? Lotto, Lotto Plus 1 and Lotto Plus 2 jackpot estimates: Lotto – estimated at R3 million Lotto Plus 1 – estimated at R23 million Lotto Plus 2 – estimated at R18 million If you want to win your share of the jackpot, you have to play! You know what they say, you've got to be in it, to win it. NOTE: The numbers drawn will appear below as soon as they are available at or after 21:00. View the latest version of this page to verify whether the numbers have been updated. Draw Date: 2 July 2025 Lotto Numbers: 0, 0, 0, 0, 0 Bonus Ball: 0 Lotto Plus 1 Numbers: 0, 0, 0, 0, 0 Bonus Ball: 0 Lotto Plus 2 Numbers: 0, 0, 0, 0, 0 Bonus Ball: 0 Did you miss a draw and wonder if you're actually a millionaire? Click here to view past Lotto, Lotto Plus 1 and Lotto Plus 2 and payouts. The Lotto, Lotto Plus 1, and Lotto Plus 2 draws take place every Wednesday and Saturday on SABC 2 at 20:56 (SA time) Players buy tickets with their choice of six different numbers between 1 and 52. There is provision for random numbers to be generated automatically for those who do not wish to choose, known as a Quick Pick. When introduced, the Lotto jackpot draw required numbers from 1 to 49. Ithuba Holdings increased the number from 49 to 52 on 30 July 2017. In the draw, six numbered balls are drawn without replacement from a set of 52 balls numbered from 1 to 52. A further Bonus Ball is also drawn, which only affects players who match five numbers. Prizes are awarded to players who match at least three of the six drawn numbers, with prizes increasing for matching more of the drawn numbers. All players who match all six drawn numbers win equal shares of the jackpot. The chance of doing so is 1 in 20,358,520. If four, five, or six balls are matched, the relevant prize is divided equally between all who match that many balls. If no player matches all six numbers, the jackpot rolls over and is added to that of the next Lotto draw. The entry fee to the Lotto draw is set at R5.00 per board. Lotto Plus 1 is exactly the same as Lotto, but gives the player a second chance to win. When buying a Lotto ticket, players can pay an extra R2.50 per board to enter the Lotto Plus 1 draw. Odds are the same, while prizes are usually slightly lower. Lotto Plus 1 was introduced on 26 November 2003. Lotto Plus 2 is exactly the same as Lotto, but gives the player a third chance to win. When buying a Lotto ticket, players can pay an extra R2.50 per board to enter the Lotto Plus 2 draw. Odds are the same, while prizes are usually slightly lower. Lotto Plus 2 was introduced on 30 July 2017. Buy your tickets now at your nearest participating retailer, on our website by visiting national using your computer or mobile site, via the National Lottery Mobile App, or participating banks, namely FNB, ABSA, Nedbank, Standard Bank, Capitec, TymeBank and African Bank otherwise dial 120 7529# for USSD. Winners who win R50 000 and above receive free trauma counselling from professional psychologists and financial advice from accredited financial advisors absolutely free. At the same time, winnings are paid tax-free directly into the winner's accounts. If you are buying tickets from a lottery outlet, they close at 20:30 on the day of a draw Players must be 18 years old. Monday: Daily Lotto Daily Lotto Tuesday: Daily Lotto + PowerBall and PowerBall Plus Daily Lotto + PowerBall and PowerBall Plus Wednesday: Daily Lotto + Lotto, Lotto Plus 1 and Lotto Plus 2 Daily Lotto + Lotto, Lotto Plus 1 and Lotto Plus 2 Thursday: Daily Lotto Daily Lotto Friday: Daily Lotto + PowerBall and PowerBall Plus Daily Lotto + PowerBall and PowerBall Plus Saturday: Daily Lotto + Lotto, Lotto Plus 1 and Lotto Plus 2 Daily Lotto + Lotto, Lotto Plus 1 and Lotto Plus 2 Sunday: Daily Lotto For more details and to verify the winning numbers, visit the National Lottery website. You must always confirm the official winning numbers on the National Lottery website. We do our best to post the results as accurately as possible, but the National Lottery is the only source you can use to 100% verify the results. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
IOL News
14 hours ago
- Business
- IOL News
How to Move from Planning to Action for a Better Retirement
The FNB retirements 2025 survey released on Tuesday in Durban indicated that most South Africans are looking forward to a retirement that offers comfort, freedom, and financial ease, but the reality for many is likely to be very different. The FNB retirements 2025 survey released on Tuesday in Durban indicated that most South Africans are looking forward to a retirement that offers comfort, freedom, and financial ease, but the reality for many is likely to be very different. The survey revealed a widening gap between retirement expectations and actual preparedness – just 10% are planning to fully retire at 60. The survey, which is in its third year, indicated that although more South Africans claim to have a retirement plan, very few are on track to achieve their goals. 'The survey reveals that 60% of South Africans under the age of 60 now have a retirement plan. However, financial constraints continue to hinder progress, potentially delaying contributions, leading to premature access to savings, or causing abandonment of retirement products altogether. Among middle-income earners, for example, contributions towards retirement annuities have declined from 51% to 34% as debt pressures and daily living costs take precedence. The research further highlights a growing trend – the middle class feels uncertain about their ability to save adequately and stay on track with their retirement plans.' Sizwe Nxedlana, CEO of FNB Private Segment, said that what's clear is that most people aren't ignoring retirement; they are just overwhelmed by it. 'The survey found that procrastination often stems from not knowing where to start. We see that people don't avoid planning because they don't care; they avoid it because it feels too big, too far away, or too confusing. That's why we need to meet people where they are, with tools and advice that break things down and build momentum.' Nxedlana added that funeral cover is almost universal in South Africa because people want to ease the immediate burden on family. 'But a Will does that too, and more. It's not just for the wealthy. It's about protecting your family in the long term.' The survey said that there's persistent anxiety about the rising cost of living, future health expenses, and whether their money will last. 'While younger respondents tend to be optimistic, with many expecting to replace 75% or more of their income in retirement, the experiences of older adults tell a different story. Many over-60s are working longer than planned, cutting back on spending, or relying on their adult children for support. Some retired respondents spoke of losing their sense of purpose, feeling isolated, or experiencing regret about not planning earlier.' Survey responses highlighted that public awareness is relatively high, with nearly 70% of respondents indicating they've heard of the new Two Pot system, and almost half claimed to understand it. 'Encouragingly, less than a third of survey respondents have actually withdrawn from the savings portion of their newly structured retirement funds.' Nxedlana said that the concern is that while the reform offers short-term relief, the savings pot could be seen as a default emergency fund rather than a tool for building future stability. 'However, there is some cause for cautious optimism, since 43% of those who haven't withdrawn from their savings pot say they don't plan to – which points to an understanding of keeping their retirement savings intact over time. The research also delivered evidence of a broader rethink around retirement itself. Over 50% of respondents expect to supplement their retirement income through part-time work or side hustles.' Nxedlana added that he believes this evolution reflects a generational shift. 'People aren't just looking for products; they're looking for options, guidance, and a greater sense of control. This is especially relevant given that the findings point to a shift in how and where people seek advice. Bank platforms now outrank social media and peer groups as the preferred channel for retirement guidance. Consumers are calling for lower fees, user-friendly tools, better education, and incentives to reward consistency. Our job as FNB is to provide the tools, insight, and support to help them navigate this complex journey so that they are able to turn their intentions into results.' Johnson said that there's no single fix for retirement. 'There are bite-sized steps for everyone. At FNB, we're focused on helping clients move from merely having a plan for retirement to having a good plan - and from feeling stuck and overwhelmed to taking action.' BUSINESS REPORT
Mail & Guardian
21 hours ago
- Business
- Mail & Guardian
Few South Africans are planning to retire, survey shows
The high cost of living is making it difficult for people to save with many resigned to working into old age or relying on government grants. (Flickr) South Africans are not saving adequately for retirement, with many planning to depend on the government's old-age grant and to work as long as possible beyond their 60s in order to survive financially. This is according to the It exposes deep-seated anxieties facing workers and According to the survey, there has been a decline in retirement annuity contributions among middle-income earners from 51% last year to 34% in 2025 as debt and living costs take precedence. The middle class, in particular, expressed uncertainty about saving adequately, with many delaying contributions or dipping into savings prematurely. 'The gap between expectations and outcomes must be urgently addressed,' said Lytania Johnson, the chief executive of FNB's personal segment division. 'There is growing positive momentum in our industry and a visible shift from a 'one day' to a 'day one' mindset. We are seeing more South Africans recognising the need to plan and taking initial steps — but awareness without action won't secure the futures that people want.' According to the study, workers are starting to save at the age of 27 but many withdraw their retirement savings when they resign from their jobs to take up different posts. FNB private segment chief executive Sizwe Nxedlana said there were emotional and behavioural barriers to retirement planning. 'What's clear is that most people aren't ignoring retirement, they are just overwhelmed by it. The survey found that procrastination often stems from not knowing where to start,' he said. 'We see that people don't avoid planning because they don't care. They avoid it because it feels too big, too far away or too confusing. That's why we need to meet people where they are, with tools and advice that break things down and build momentum.' The survey uncovers persistent anxieties about rising living costs, future healthcare expenses and the longevity of savings. Younger respondents remain optimistic, expecting to replace 75% or more of their income in retirement, but older adults paint a bleaker picture. Many over-60s are working longer, cutting spending or relying on adult children, with some reporting isolation and regret over inadequate planning. Estate planning also reveals concerning gaps. A total of 60% of respondents have funeral cover and just 40% have a signed will, while one-third have not considered drafting one, often due to myths that wills are only for the wealthy. 'Funeral cover is almost universal in South Africa because people want to ease the immediate burden on family. But a will does that too — and more. It's not just for the wealthy. It's about protecting your family in the long term,' Nxedlana said. The introduction of the two-pot retirement system, allowing access to a savings portion of pension funds, has sparked mixed responses. Nearly 70% of respondents are aware of the system, and almost half claim to understand it, but less than a third have withdrawn from their savings pot. 'The concern is that, while the reform offers short-term relief, the savings pot could be seen as a default emergency fund rather than a tool for building future stability,' Nxedlana said. 'However, there is some cause for cautious optimism, since 43% of those who haven't withdrawn from their savings pot say they don't plan to, which points to an understanding of keeping their retirement savings intact over time.' The survey also signals a shift in retirement thinking, with over 50% of respondents expecting to supplement income through part-time work or side hustles. 'People aren't just looking for products, they're looking for options, guidance and a greater sense of control,' Nxedlana said. 'Bank platforms have surpassed social media and peer groups as the preferred source of retirement advice, with consumers demanding lower fees, user-friendly tools and better education.' Another worrying concern the survey revealed was a tendency to rely on the government's old-age pension, with 17% of respondents factoring this into their lack of retirement planning saying: 'Government grants will provide for me.'
Daily Maverick
a day ago
- Business
- Daily Maverick
Shelter or income generator — Risks and rewards of owning a property
In South Africa, keeping a roof over your head means more than just making monthly payments, it's about doing whatever it takes to hold onto the family's most valuable asset. Whether you're in a townhouse in a leafy suburb, or in a crowded taxi in a township, you probably know someone who's moved into a back room or a smaller flat so they can rent out their main home and keep up with the bond. 'The property is most probably the biggest asset you will ever own,' said Mfundo Mabaso, product head of FNB's home and structure business unit. For many South Africans, especially first-generation homeowners, a house is more than shelter; it's a symbol of progress and a vessel for generational wealth. But what happens when life throws a curveball and money gets tight? An all too common trend Mabaso has seen families 'vacate the main home and take residence in the garage to rent out the main home so that they can keep up with the repayment of the bond.' For them, losing the property is unthinkable. It's the last thing they're willing to give up. Two speeds of property investment Mass-market homeowners: These are often first-time buyers who see property ownership as a milestone and a way to build wealth. When financial pressures mount, these families might downsize within their own property – moving into smaller spaces like garages or back rooms – and rent out the main home to cover bond repayments. Affluent investors: Those with multiple properties who, when faced with economic challenges, tend to rent out their primary residences and downsize to smaller units. This strategy helps them maintain their investment portfolios and keep their long-term financial plans intact. Even if you're rich, you aren't immune to financial pressures. Mabaso explained that when wealthier families hit hard times, they often rent out their primary residence and downsize to something more manageable, all in a bid to hold onto their investment properties and keep their financial plans intact. The numbers behind the struggle This determination to hold onto property is riding a swell of a rising market. Property prices in South Africa are soaring, with the average residential price surpassing R1.6-million for the first time, and the annual growth rate in average residential prices now reaching 6.4%. Source: The Africanvestor Pieter Wessels, trustee of the PD Wessels Trust and owner of a Stellenbosch property, understands this well. 'Property like a house or flat is 'bricks and mortar'. You can see it,' he said. For Wessels, the appeal lies in leveraging a relatively small deposit into a significant investment, something much harder to achieve with shares or crypto. However, he quickly pointed out the risks. 'The less you pay, the easier it is to earn a better return in the form of rental. If you buy in a 'good' area, you might also get meaningful capital growth on your property apart from earning rental income.' Legal fees, transfer costs, and taxes on rental income are all part of the reality check for would-be investors. Security in a steady job While Wessels approaches property ownership from an investment perspective, others such as Thato Pheko, a high school teacher in the Free State, focus on the security that comes with steady employment. For Pheko, buying a house on a bond was about providing her children access to better schools near the city. 'I manage the payment with my salary,' she told Daily Maverick. Pheko feels insulated from major risk because she works for the government; a sector where, in her experience, sudden job losses are rare. 'I do not feel that there is much risk for me because I work for the government,' she said, confident that her employment stability will see her through the life of her bond. What this means for you Understand the full cost of property ownership: Beyond the purchase price, factor in legal fees, transfer costs, taxes on rental income, and ongoing maintenance; Plan for financial fluctuations: Job security and steady income can help, but unexpected challenges happen. Know your options, such as payment holidays or loan term extensions, and communicate early with your lender if you face difficulties; and Seek professional advice: Whether it's financial planning, tax implications, or legal matters, expert guidance can help you make informed decisions and protect your investment. When trouble strikes Financial stability can be fragile. Mabaso urged homeowners not to wait until it's too late. 'When you hit hard times, talk to your bank and that's the best thing that you can do for yourself.' Too often, he said, customers avoid the conversation, missing out on solutions such as payment holidays, interest-only periods or term extensions. If those options don't do the trick, banks may offer a 'quick-sell' process to protect your credit record before repossession becomes the only option. 'The execution or repossession of the properties is the action of last resort,' Mabaso said. By understanding the risks and rewards and knowing when and how to seek help, you can better navigate the complexities of the market and safeguard your home for the future. DM
