News & Opinions
In today’s evolving world, many individuals are moving away from traditional marriage and opting for cohabitation. This shift makes it essential to understand the legal landscape, particularly in South Africa, where cohabitation lacks the legal standing of marriage. This article delves into the legal realities of cohabitation, emphasizing the importance of cohabitation agreements and the potential risks for cohabiting partners
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As we approach the end of the year, South Africa is showing promising signs of economic recovery. With positive outlooks from international rating agencies and increased interest from global investors, the Rand, local bond market and JSE are poised for growth. Click below to discover the key factors driving this optimism and what it means for your financial planning.
While there are positive trends in South Africa’s investment landscape, it is important to remain cautiously optimistic. The Johannesburg Stock Exchange has seen gains, and the Rand has strengthened since the elections, but these improvements come off a low base. The Government of National Unity and the collaboration between top CEOs and the government have infused renewed vigour and are showing promise. Stay informed about these developments and consider how they might impact your investments.
A very successful and well-attended event was recently held specifically for young professionals, as part of the Financial Planning Week hosted by the Financial Planning Institute. A panel of advisers provided young professionals with the tools to kickstart their financial journey. Veritas Wealth was proud to have Cole Zweistra on the panel, where he shared some valuable insights and financial planning tips, from budgeting and investments to retirement planning.
We delve into the risks of accessing your retirement savings early under the new Two-Pot Retirement System. While the rules may allow it, withdrawing from your retirement fund can have serious, long-term consequences, not even mentioning the extra tax you will pay on withdrawals. Do not jeopardise your retirement just because you are now “allowed” to.
The recent cold and wet weather in Cape Town transported me back to a day in August 2004, when Veritas Wealth was just beginning. I vividly recall that freezing morning, navigating muddy roads and rusted gates at what is now Beau Constantia Wine Farm. With little more than a small cottage as our office, I embarked on this journey with a mix of nerves and excitement. Twenty years later, I reflect on how far we’ve come—from those humble beginnings to a thriving business built on the principles of Lifestyle Financial Planning, surrounded by a dedicated team that feels like family.
You would have heard in the media recently that the Two pot retirement system has been signed into legislation effective 1 September of this year.
We explain in simple terms what this means for you and what your choices are going forward. Our advice to clients around retirement funds has always been to discourage any form of pre-retirement withdrawal as this very negatively impacts the outcome in retirement. In this article we discuss the reasons why this legislation has come about, how it impacts you and that ultimately our advice (to NOT make pre retirement withdrawals unless all other avenues have been exhausted) remains the same.
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