Beplanning onderwerpe
If you plan to bequeath immovable property in your Will, be mindful that the process can be complicated. As the owner of immovable property, it must transfer to another person upon your death, either through intestate succession or as stipulated in your Will. If you nominate an heir in your Will,…
Over the next few years, individual investors are expected to increase their allocation to private markets, in some cases potentially approaching levels seen by various types of institutional investors. The compelling return history for private market investment is clearly a key motivator for…
Liberty has revealed its claims payouts for 2024, showing a significant increase in benefits paid to policyholders and their families. The majority of claims came from the insurer’s flagship retail cover, Lifestyle Protector, which paid out a total of R7.35 billion to 28,889 individuals and…
Some of us count the days until the end of the “nine-to-five”, picturing a retirement of beach walks, travel, quality time with loved ones, and the chance to finally pursue long-neglected passions. Others can’t afford to stop working at all. It’s easy to assume the difference lies in income or…
When the South African Government floated the proposition of a 0.5% VAT increase earlier this year, only to cancel it at the eleventh hour, the economy may have avoided an official tax hike, but the damage had already been done. Even before the proposal could be tabled in the Budget Speech, the…
A recent Tax Court ruling in favour of the South African Revenue Service (Sars), which treated large loan account balances as undeclared income, serves as a warning to directors and shareholders to properly manage these accounts, maintain accurate records, and be prepared to explain the origin of…
After two failed attempts and weeks of political wrangling, Finance Minister Enoch Godongwana finally delivered the third iteration of the 2025 National Budget Speech on Wednesday, 21 May. While many South Africans breathed a sigh of relief at the announcement that the proposed VAT…
South Africa's two-pot retirement system, which became effective on September 1, 2024, introduced significant changes to how retirement savings are both managed and accessed. These reforms, which aim to balance the need for long-term retirement preservation with short-term flexibility and…
More than two years ago, South Africa was found to have insufficiently addressed money laundering and terrorist financing, leading to its greylisting by the Financial Action Task Force (FATF). This greylisting has significant economic and reputational consequences for any country, prompting South…
As a wealth manager, one of the key principles to understand is that while we cannot control everything, like market performance, we can control strategic decisions that impact a client’s financial future. One such controllable factor is the timing of retirement. Your retirement date is set in your…
Is a Family Trust the Right Move for You? When it comes to estate planning, few decisions are more complex—or more personal—than whether to establish a family trust. High-net-worth individuals often grapple with this choice, prompted by advice from financial advisors,…
There are many positive actions you can take to improve your financial position – such as furthering your education, investing, using insurance to protect yourself from shocks, and planning for retirement. In this column, I focus instead on actions that, in my view, are likely to set you back…
South Africa’s healthcare system stands at a crossroads, where ensuring quality of care is not just a goal—it’s a necessity for long-term sustainability. The way patients are treated, screened, and monitored impacts everything from health outcomes to service efficiency. If we want a system that…
The National Budget and an increase in the cost of living will hit consumers, who should reassess their budgets now and start saving as much as possible before more taxes come in next year. On Wednesday, both the inflation numbers and the National Budget came out. The Consumer Price Index…
South Africa is witnessing a surge in car collecting, driven by a passion for rare, vintage, and high-performance automobiles. From classic muscle cars to modern supercars, enthusiasts across the country are investing in these prized possessions, not just as symbols of status but as valuable assets…
According to recent research, 43% of SA adults financially support their parents while raising their own families, creating multi-generational financial strain. Kennedy notes that this highlights the importance of retirees needing to be financially independent, not just for their own peace of mind…
South Africa’s economic outlook remains bleak, with National Treasury forecasting real GDP growth of just 1.7% over the Medium-Term Expenditure Framework (MTEF) period. Persistent structural constraints, weak investment confidence, and ongoing energy and logistics challenges continue to limit…
In a financial milieu punctuated by unexpected shifts, South Africa's Finance Minister, Enoch Godongwana, unveiled his third National Budget for the fiscal year, titled Budget 3.0.The intricate journey to this point has been nothing short of extraordinary, marked by the postponement of the first…
SA Canegrowers on Wendesday said that it welcomes the decision by Finance Minister Enoch Godongwana not to enact any further increases in the Health Promotion Levy (or sugar tax) in his Budget 3.0."Introduced in 2018, the sugar tax cost 16 000 jobs and R2 billion in revenue in the first year of…
Trade union, The Congress of South African Trade Unions (Cosatu) said on Wednesday that it does not think Finance Minister Enoch Godongwana's third Budget attempt was enough to stimulate growth for the country's economy. "We welcome government’s decision to withdraw the proposed VAT hike as…