Nick Wolmarans highlights South Africa’s inherited financial habits, poor saving, debt reliance, underinsurance, and urges a mindset shift toward long-term wealth, strategic planning, and professional advice, showing how the nation can turn resilience into sustainable financial prosperity.
Not All Insurance is Created Equal! The founding partners of Cross Country Insurance Consultants realised this and set out to create an insurance product specifically for the 4×4 market.
During the recent Budget speech, the Minister of Finance confirmed the intended launch date of 1 March 2024 for the two-pot retirement system. With 12 months to go, it is important to understand the regulatory aspects and potential challenges.
South Africa’s economy contracted in the fourth quarter of 2022, which was no surprise given the debilitating impact that intensifying load shedding had on day-to-day life.
The conditions for the transaction have been fulfilled and the parties will proceed to integrate the businesses. The effective date of the Transaction is 1 March 2023.
While grey-listing can make it more onerous and costly to do business with South Africa and will detract from its reputation as an investment destination, it is important to note that FATF does not automatically call for the application of enhanced due diligence measures to grey-listed jurisdictions.
