Beplanning onderwerpe
In today’s dynamic and ever-changing insurance environment, understanding the distinct preferences and behaviours of different generations and audience segments is crucial.As South Africa's insurance market evolves, a notable disparity continues to emerge in the buying habits and preferences of…
By: Sidney FletcherOn June 4, 2024, The South African Revenue Service (Sars) announced the 2024 income tax return filing dates for individual and trust taxpayers. This announcement brought a noteworthy change to the filing season for trust taxpayers.Historically, the filing season for trust…
The knock-on effects of climate-related incidents have led to a noticeable increase in personal and commercial insurance claims, both in terms of property damage and business interruption. This has been exacerbated by the impact of deteriorating infrastructure such as public roads, water and…
By: Vanessa van VuurenA recent Fidelity Study found women investors outperform men by 0.4% - compounded over time, this can make a meaningful difference. Daniel Crosby’s book The Laws of Wealth revealed this outperformance is found at professional level as well. Female hedge fund managers have…
FSCA is investigating Finbok, Vector Financial Services and Astrix DataThe Financial Sector Conduct Authority (FSCA) has announced that it was investigating Finbok, Vector Financial Services (Pty) Ltd and Astrix Data (Pty) Ltd after complaints it received from members of the public.“Finbok is an…
By Thulasizwe kaMantshinga With a few hours to go before South Africa and Nigeria square off for the second time in a matter of four months, this writer has mustered some inspiration to shed light on the failures of the opponent standing before our beloved Bafana tonight.This time, Bafana and the…
Two weeks ago I penned a column titled, “Our watershed election: Should investors be worried?”, in which I set out four possible political scenarios depending on how well the ruling party fared. Scenarios 1 and 2 were if it won a majority or over 45% of the vote, resulting in more of the same.…
By: Nicola MawsonWHILE digital identities are key to protecting people and institutions from financial fraud, these can also be abused in a “Big Brother” manner.Astrid Ludin, Financial Sector Conduct Authority deputy commissioner, says although there are great opportunities for a cohesive digital…
MEMBER companies of the Association for Savings and Investments South Africa (Asisa) have seen a sharp rise in fraud committed via social media channels in recent years, according to Jean van Niekerk, convenor of the Asisa Forensic Standing Committee.This has prompted Asisa to warn consumers that…
On May 29, 2024, South Africans voted for their seventh administrations since the dawn of democracy. Voters received three different ballot papers to consider, one for the national government, one for the provincial government and one for the municipal authority which all represented different…
By Brett LadouceWe are often exposed to articles in the press where comparisons are made between the investment returns of clients who invested without the benefit of financial advisors and those who made use of financial advisors to guide them in the right investment direction. The inference is…
By Regan AdamsIn South Africa, the consumer credit market is worth over R2 trillion, fuelled predominantly by home loans and vehicle finance. However, credit facilities or unsecured credit transactions also make up a significant proportion of the mix, with credit and store cards being sub-…
JARGON buster aims to give simple, plain English explanations for typical words and phrases used in the financial industry, in particular, words relating to guaranteed life annuities and living annuities.This week, we look at the letter: WWith-profit annuityA with-profit annuity is an annuity…
Phia van der SpuyWhen a trust is registered, typically the patriarch or matriarch estate planner plays a role in the trust – that of the founder and/or trustee. That gives them some insight and/or influence over the trust’s affairs. As a result of many of these role-players passing away, the…
Pensioners who rely on living annuities for their retirement income need to constantly manage their withdrawals during their retirement to ensure they don’t run out of money.This is the view of Andrew Davison, chairman of the Investments Committee of the Actuarial Society of South Africa (Assa),…
South Africa’s exchange controls have long been contentious among local economic thinkers. The regulations, now around 63 years old, allow the government to regulate the flow of money in and out of the country. They are, in effect, designed to prevent the loss of foreign currency resources and…
By: Gabi Richards-Smith, Mateen Memon, and Malibongwe Zwane.The Financial Sector Regulation (FSCA) and the Prudential Authority (PA) have published a Joint Standard 2 of 2024 on Cybersecurity and Cyber Resilience Requirements.The Joint Standard 2 of 2024 (Joint Standard) applies to all financial…
Online trading platforms have made the investment world more accessible than it has ever been. Equipped with statistical information on the latest developments in financial markets and the performance of specific instrumentals, even novice traders can make a profit and grow robust investment…
By: Jashwin BaijooSars has just announced that Individual taxpayers, both provisional and non-provisional, will be able to file their annual tax returns from July 15, 2024.In an effort to make compliance “easy and sometimes seamless”, Sars will, between 01 – 14 July 2024, be issuing auto-…
The South African Revenue Service (Sars) has announced the filing dates for tax season 2024, which will open in July.The tax season for individual taxpayers (non-provisional) will open on July 15, 2024, until October 21, 2024.Sars said auto-assessment notices will start going out from 1 to 14 July…