The Minister of Finance, Tito Mboweni, delivered the national budget speech on 24 February 2021. The budget speech brought some tax relief for individual taxpayers as well as companies. Aspects which will have an impact on individuals are: Income Tax: Individuals and Trusts The personal income tax brackets and tax for special trusts were increased [...]

We are all concerned right now and rightly so. Both local and global markets are down more than 20% over the last quarter and many investors are concerned with their investments. Any drastic changes now, such as disinvesting or moving to cash, can have a damaging impact on long-term wealth accumulation prospects. These types of [...]

  With 2020 nearly upon us, with all the excitement and anticipation of both Christmas and the New Year, it may behove us to remind ourselves how important it is that our bonuses and salaries be judiciously used. Saving for retirement should be one of our top priorities and should be front of mind before [...]

  A Testamentary Trust is one which is formed as a result of an instruction in your will.  The Trust Deed of the Testamentary Trust is therefore your will, and you need to ensure that your instructions to your Trustee are therefore clear and unambiguous. The predominant reason for a Testamentary Trust could be your [...]

Both the South African equity and property market has had quite a poor showing over the last five years. Meanwhile the more defensive assets such as bonds and cash have done really well over the same period. There are many reasons for these poor returns (not discussed here) which you may have read about on [...]

2019 Tax Season Opened 1 July 2019 It is that time of the year where we start running around like headless chickens! Yes, it is something most of us dread as it can be a strenuous task – especially when doing your tax returns and you are left thinking – how and what must I [...]

The first of three inner principles of successful investing is faith in the future.  In fact, it is at the foundation of most things we do as humans.  During the past couple of weeks this has become a key point of discussion in our portfolio review meetings with clients.  Not believing that our efforts will [...]

Many fund managers describe themselves as value managers. Each however can follow very different approaches to value investing. Let’s first define what is “value”. In simple terms, value refers to an asset, such as a share of a company, which is trading at a market price below intrinsic value. Intrinsic value is the price which [...]

Finance Minister Tito Mbweni delivered his speech on the 21st of February 2019. GDP Growth is expected at 1.2% for 2019. To address the low economic growth, there is a big focus on reform of state-owned companies (especially Eskom) and the commencement of an infrastructure fund. Eskom will be broken up in three divisions to [...]

We often hear the saying “buy low, sell high” when it comes to investing. The principal is simple, buy assets when they are cheap and sell when it becomes expensive and this will result in amazing profits. Unfortunately, the ordinary man or woman on the street does not know when assets are cheap or expensive. [...]