Planning Topics
After 40 years in my career, I am thinking about taking early retirement this year after suffering a health setback recently. Will I be able to access my retirement savings, or should I rather continue working, even if I can only manage reduced hours? Chrisley Botha, Wealth Adviser at PSG Wealth:…
Competition Tribunal conditionally approves Momentum and Investment GroupThe Competition Tribunal has announced that it has conditionally approved the merger whereby Momentum Metropolitan Strategic Investments (MMSI), a wholly owned subsidiary of Momentum Metropolitan Holdings Ltd, intends to…
South Africa’s National Health Insurance (NHI) Bill would, if passed in its current form, completely disrupt the medical sector in the country and inevitably reshape the role of medical schemes as well as gap cover. However, the implementation of NHI does not necessarily mean that medical aid and…
By Harry ScherzerAs any South African investment adviser worth their salt will tell you, everyone should hold at least a portion of their portfolio offshore. That’s because a combination of factors – a weak rand, low economic growth, and underperformance from the JSE, among other things – have…
By Nirdev DesaiWhen it comes to personal finance, every individual has different needs, dreams and financial goals, as well as different pathways to achieving the objectives. One of the most common long-term ambitions shared by many South Africans is to retire comfortably – to live confidently,…
By: Leah MannieSouth Africans are increasingly looking offshore for secure, tax-efficient investment structures. As our economy reels from higher-than- expected inflation, ongoing interest rate hikes, and a weakening Rand, offshore investments enable high net-worth individuals to preserve wealth by…
By: Robyn LaubscherSecuring a comfortable retirement remains one of the biggest challenges faced by South African investors. Retirement annuities (RAs), pension funds, provident funds and tax-free savings accounts (TFSAs) are some of the financial instruments available to help individuals save tax-…
In a recent survey by the Financial Sector Conduct Authority, it was revealed that only 10% of South Africans currently have life insurance. Research conducted by Hollard Life Solutions has identified that, despite the significant financial benefits offered by life cover, many South African…
The back to school season is upon us and with that comes one of the biggest expenses for South African parents each year – stationary and supplies. Luckily at Game, parents are guaranteed unbeatable deals at the lowest possible prices with its Price Beat Promise.If parents find an item cheaper…
Everyone’s wallets are empty at the start of the year, but don’t let “Januaworry” get you down!Lottoland SA provides you with ample opportunities to place your bet on the world’s biggest, and most famous international lotteries, where you stand a chance to win not only millions, but even billions…
By: Stian de WittAs millions of South African learners head back to school, one of the biggest lessons they need to learn in life to help them succeed is financial literacy, which needs to be first taught from home.A Cambridge University study suggests that by age 7, that’s when children can…
SARS said on Friday it had published draft rule amendments for public comment with the view to facilitating transfer pricing adjustments to provide clarity and certainty for multinational enterprises.“The rule amendments under the Customs and Excise Act, 1964 will provide clarity and certainty for…
By: David Lerche2023 has certainly been a year of unexpected trends shaping the global economic and investment landscape. It turned out to be a far better year for investors than most analysts had predicted, with the so-called Magnificent 7 mega-cap tech stocks dominating global equity market…
The Financial Sector Conduct Authority (FSCA) has warned the public to exercise caution when participating in MMM Krypto’s mutual aid fund (MMM Krypto).In a statement, the FCSA said it had come to its attention that MMM Krypto might be rendering financial services to members of the public in South…
The proposed Control of Tobacco Products and Electronic Delivery Systems Bill approved by cabinet last year is a lost opportunity to make adult smokers aware of smoke-free alternatives, says Philip Morris South Africa (PMSA).“The Control of Tobacco Products and Electronic Delivery Systems Bill…
From individuals to central banks across the world, the effects of inflation are feared and resented. Inflation is central to economic policy and on an individual level, consumers battle to manage their budgets. Yet there are world trends that engulf consumers, who gladly accept new products and…
THE Council for Medical Schemes (CMS) said medical schemes paying exorbitant fees for hosting annual general meetings (AGMs) should be investigated.This came after the regulator released the 2022 Medical Schemes Industry Report and Annexure which provided evidence that some medical schemes were…
THE deadline for individual taxpayers and trusts that are provisional taxpayers to file their income tax returns for the 2023 tax year is Wednesday, January 24, 2024, according to the South African Revenue Service (Sars).In a statement, Sars said the 2023 year of assessment refers to the period…
Bitcoin blasted into 2024 on a high note, touching a 21-month peak following the groundbreaking approval of spot exchange-traded funds (ETFs) for Bitcoin, according to Luno’s South Africa country manager Christo de Wit.This comes after the US Securities and Exchange Commission (SEC) approved the…
By Aleesha Reddy and Shaun BurgerSouth African medical scheme members are confronted with the imminent changes in contributions and benefits that took effect on January 1, 2024. The escalating costs of health care in the country pose challenges for both medical schemes and their members,…