By Janice Roberts
South Africa’s recent downgrades by rating agencies may put off some people from continuing to invest. This should not be the case, the market goes through periods of volatility and that’s never reason enough not to stay invested.
As an investor, the first action you should avoid when the market drops is panic. Never panic, this can only lead to bad decision making.
Consumers are encouraged to use tax free savings vehicles to ease the possibility of increased tax burdens after the 2017 National Budget Speech. Consumers have until 28 February 2017 to make use of their R30 000 maximum tax free allocation for the current tax year.