As the Monetary Policy Committee has kept the repo rate unchanged at 5,5% for 16 months, interest in the Reserve Bank’s activities has waned. The realistic prospect of no change in the repo rate being expected before 2013 indicates that it might be some time before monetary policy could again be a hot topic of …. »
There is a reasonably famous book by George Samual Clason entitled The Richest Man in Babylon, published in 1926. It has recently become popular again and is back in print. Given that we are still dealing with the issues of the Great Recession (the Yanks just couldn’t bring themselves to name it The Great Depression …. »
When it comes to passing on wealth, South African high net worth individuals buck the global trend in trusting their children or stepchildren to protect their inheritance, says the latest report in the Barclays Wealth Insights series. Seventy seven per cent of South African wealthy say that they trust the next generation to safeguard their …. »
FISA believes that every South African should have a will. If your client dies without a will, the law of intestate succession is applied to the distributable portion of your estate. Reasons why this may not be satisfactory has been well documented. The issue is not so much whether a person should have a will, …. »
Cannon Asset Managers assesses the investment environment. With a global economic environment that has been in turmoil for a large part of the 21st century, many analysts are wondering when the financial and economic pain in the advanced world will come to an end. Sadly, our assessment is that the end of tough times in …. »
Government’s planned retirement reforms are set to provide South Africans better protection and an enhanced deal from the financial services industry, yet if this new model is to prove successful, it is critical that reform is structured in a sustainable manner in the long term. Sustainability has different meanings; in order for a retirement system …. »
Much has been written about the impact of 2008 and its aftermath on those actively employed and saving for retirement. Not much has however been written about pensioners, especially those who retired in the period when double digit returns were the norm – and who became accustomed to a lifestyle based on high returns. Today …. »
The almost 50% year-on-year fall in February liquidations to 200 (from 399) paints, at best, a very dubious picture of the true scenario. There is very little doubt that the improving trend experienced last year – a 10,8% fall in total liquidations to 3559 from 3992 in 2010 – was reflective of reasonable economic activity; …. »
Most South African financial consumers are concerned about the extent to which they are financially prepared for retirement. Becoming dependant on others for financial support and having to adjust the standard of living they have become accustomed to, are the main concerns. These genuine concerns, however, do not necessarily lead to the required financial behaviour. …. »
Liberty Life invited to South Africa Harry Beckwith, sales and marketing guru and bestselling author, to speak to its brokers at its Take The Lead Roadshow on service delivery and sales and marketing, as brokers often fulfil the roles of ‘salesmen’ and advisors. Harry took some time out of his busy schedule to answer some …. »
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