South Africa: Investment options to consider to generate income from your lump sum funds

Question: We recently sold a flat that we used as an investment property, as we found the hassle of maintenance and dealing with tenants was becoming a bit much (I am 70 and my husband is 75). We have R2.4-­million to invest. What would you recommend we do, so we can supplement our income?

Answer: I do not have enough information on your full financial situation to make a recommendation. For example, I would need to know what other assets you have, what other income streams you receive…