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.
News & Opinions
Industry Trends
Cautious Optimism in South Africa’s Investment Landscape
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.
Don’t Go Potty
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.
What Is The Two-Pot Retirement System All About?
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.
South Africa: Despair on Monday, Hope on Tuesday
The recent election results and formation of government have brought a sense of hope and renewal to our country. As the dust settles, many are optimistic about the potential economic outcomes. With hopefully, a newfound sense of stability and direction, businesses and investors are poised to thrive. In this article, we explore the possible economic implications of the new political landscape and what it could mean for your financial future.
What does independence mean to you?
Many investors want the comfort of knowing that the financial advisers who they work with have no conflicts of interest in how they invest their clients’ money. They want advice from an advisor who is not only a Certified Financial Planner but who acts independently and is free from bias. After much deliberation by the Financial Sector Conduct Authority, new legislation has been enacted that Veritas Wealth Partner Rick Briers-Danks believes gives consumers greater clarity on what it means to be an independent advisory practice.