The South African economy grew by a better than expected 1.2% in the second quarter, having now grown for four consecutive quarters. The pace of growth in fact accelerated from 1.0% in the first quarter, which was revised lower from 1.1%. Although the economy is 19.3% larger than a year ago, having rebounded off a depressed base, overall economic activity is now only back to 2017 levels.
As many of us become ever more global citizens, should our financial services (insurance, investments, advice) not also become global? Imagine working anywhere in the world without having to worry about changing your short-term insurance cover, investments or life policies. And most importantly, having the same financial adviser and mentor to guide and assist you?
Over the years, data privacy and protecting personal information has become increasingly important, both from a business and client perspective. The Protection of Personal Information Act 4 of 2013 (POPI) was gazetted in South Africa in 2014 with the intention to protect your data privacy rights as well as your personal information.
Sometimes family members face a difficult situation when a decision has to be made about a loved one in circumstances in which they are not able to make informed decisions and give their consent regarding medical treatment. . In some cases, a family can be left with enduring questions and feel of guilt after making a decision on whether a loved one should be kept on life support or not.
As a wealth manager, I have observed that there are two typical clients. Some dread retirement, while others look forward to it. Those who dread it are the ones who are often not sure if they have made sufficient provision for comfortable post-employment life. Those who are looking forward to it are those who are confident of their retirement plans and are looking forward to not living the nine-to-five rat race.
More and more South Africans use their annual discretionary foreign investment allowances to invest offshore and to acquire assets in foreign countries. The question to be asked then, is whether one needs to have a separate Will for those assets.
PPS’s security experts have confirmed that the company has fallen victim to a malicious cyber-attack. An independent forensic investigation into system disruptions since 9 March 2021 currently shows no evidence that any data has been compromised.
Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za