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13 Jun 2024

Keep your savings pot invested

By: Niel Joubert From Momentum Investments Group Retirement fund members will have access to a part of their retirement fund benefits in case of emergencies or financial hardship when the two-pot system is implemented. But even though you will be able to withdraw money from your savings component, you don’t have to. We recommend not to...
13 Jun 2024

Making his mark

In his 29-year career, Suren Maharaj has accumulated extensive experience and expertise, distinguishing himself as an astute chief financial officer (CFO) and leader in both the private and public sectors. He is an active member of several organisations, including SAICA, the Institute of Directors of Southern Africa, CFO South Africa, the Chartered Institute of Government...
13 Jun 2024

Youth Day: More than 50% of South African youth don’t know how to build a financially stable future says 1Life Insurance survey

This week, 1Life Insurance launched the 2024 generational wealth youth survey, which confirms that youth in South Africa are far from achieving financial freedom and building wealth, placing them at a tremendous disadvantage. Youth unemployment in South Africa currently sits at, 45,5% according to Stats SA, and the study by 1Life revealed that of those...
07 Jun 2024

Giving your client the (h)edge

By: Mike Titley, Business Development and Marketing at Laurium Capital Last week while I was driving home, listening to one of my favourite podcasts, an interesting discussion came up on hedge funds. While I enjoyed the coverage of hedge funds, I found the tone of the conversation dressed in fear and wariness. It was acknowledged...
07 Jun 2024

Greater longevity and rising health costs are driving take-up of gap cover

By: Michael Emery, Marketing Executive at Ambledown Financial Services Advances in medical science and technology, combined with better sanitation and hygiene, have dramatically increased life expectancy and quality of life. South Africa’s life expectancy is currently just over 65 years, somewhat below the global average of 71 years but still double what it was in...
07 Jun 2024

Thanks for letting me sleep easy, Fixed Income, but...

By: Siobhan Cassidy, MoneyMarketing Contributor Including Fixed Income in a portfolio gives some peace of mind but, the experts say, investors shouldn’t be too complacent. Nothing is 100% fire-proof. Fixed Income broadly refers to those types of investment securities that pay investors fixed interest until their maturity date, at which point the original amount (principal)...
06 Jun 2024

The New Paradigm: How AI is redefining financial advising

By: Kobus Barnard, CEO at Allegiance Consulting AI has shattered boundaries once thought exclusive to human intellect: passing the Bar and Medical Licencing exams, mastering multiple languages, and revolutionising scientific research with breakthroughs in protein folding and drug development. From defeating world champions in chess to creating stunning art and composing original music, AI’s prowess...
06 Jun 2024

Navigating the minefield of offshore structures

By: Tanya van Schalkwyk, Structured Solutions Analyst: Bravura The creation and preservation of wealth is a delicate balance between adequate planning, obtaining the right advice, ensuring the correct establishment of an offshore structure, and the implementation of transactions to bring the structure to life. When setting up an offshore structure, there is no detail that...
06 Jun 2024

From diagnosis to recovery: The importance of Critical Illness Income

By: Nic Smit, Chief Product Actuary at Bidvest Life Traditionally, lump sum benefits are seen as the solution to providing protection against major health events. Critical illness cover will pay out a lump sum on the diagnosis of a serious illness, and disability cover will pay out a lump sum in the case of a...
05 Jun 2024

What is impacting the investment landscape?

By: Ferdi van Heerden, Chief Executive Officer at Momentum Investments Looking at the current investment landscape, there are quite a number of key themes and factors that investors should consider and focus on. The first two themes are the changes in the macro and micro economy. Microeconomic factors such as supply and demand, taxes and...

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