Cry my Beloved Country

March 31, 2017
In a cabinet reshuffle that has been on the cards for some time, Zuma has finally pulled the trigger on Finance Minister, Pravin Gordhan and his deputy Mcebisi Jonas. He also changed 18 other positions. Late Thursday night the finance minister was replaced with Home Affairs minister, Melusi Gigaba. The Rand has plunged 7.5% since ...

Reflecting on the first 5 years of Foundation Family Wealth.

March 30, 2017
– By Sunel Veldtman   Foundation celebrated our fifth anniversary last month. It feels like just the other day when I walked into our office with my laptop and a bag full of hope. Foundation Family Wealth has been a dream unfolding for me. In the years leading to my departure from corporate life, I started seeing that ...

Ease the pain for those you leave behind. Plan for death.

March 30, 2017
Losing a spouse is always traumatic. What can add to the distress even more is the tying up of financial loose ends – especially if the deceased was the one who always handed those affairs.

Words Worth Reading

March 30, 2017
This month, both articles in the Words Worth Reading section of our newsletter come from the inspiring thought-leaders at Tomorrow Today Global. The first is an incredible article by Keith Coats following a series of recent workshops he ran with business execs in the UK. The workshops were entitled – “Leading in a changing world”. Keith ...

Words Worth Reading

March 1, 2017
A few interesting articles that we have come across this month.

Budget 2017 – let them pay for their sins.

March 1, 2017
axes for the wealthy have been rising steadily in recent budgets. This year was no different. The budget had one overriding theme – make the wealthy pay. The top tax rate is now 45% for those earning above R1.5million and for trusts. In addition, dividend tax increased to 20% from 15% with immediate effect.

Divorce and money matters

February 17, 2017
Too many times I’ve sat across the table from a sobbing woman going through divorce. Divorce is always heart breaking – but divorce involving a woman who has sacrificed her career, her financial power and sometimes her identity is particularly traumatic.

What keeps you going?

February 1, 2017
-By Sunél Veldtman   Some thoughts for those of us in the later stage(s) of our career Watching Federer and Nadal battle it out for the Australian Open Title, I marvelled at both men’s endurance. I have to confess, I am a Federer fan. There he is, late in his career, in better shape than ever and at ...

Why should you update your balance sheet every year (and discuss it with your financial planner)

February 1, 2017
This can be one of the best financial decisions you make. Make the time, it will be worth it.

Market Overview: Q4 of 2016

February 1, 2017
“There are decades where nothing happens, and then there are weeks where decades happen.” Vladimir Lenin.

Is your Financial Advisor CFP® qualified? Look for the CFP® mark

February 1, 2017
The CERTIFIED FINANCIAL PLANNER®/CFP® certification is the premier financial planning accreditation in the world and is recognised in 26 different countries.

Words Worth Reading

February 1, 2017
Words Worth Reading, January 2017

Certainty vs. scenarios: All the ways in which we get the future wrong

December 9, 2016
What Brexit & Trump and all that erroneous forecasting teaches us about investments and financial advice…

Seven reasons why SA is in a better state than ever

December 9, 2016
As South Africans we tend to look at our glass half empty. We over-exaggerate the bad stuff and gloss over the good. In light of this, we decided to look at seven reasons why we are in a better place as a country than we’ve ever been. So pour yourself a glass half full (at least) ...

Cheers 2016! Pair your wine with your year.

December 9, 2016
In true Foundation Family Wealth tradition Elke Zeki writes about the wines you need to try this December. Her inspiration? 2016 at a glance.

Plan for these five things in 2017

December 9, 2016
This article looks at the simple things we can do with our time and money to make us happier. Why happy? Well, we’ve lost the art of happiness. The research on happiness is unambiguous about the basics. They say: plan for these five things and you’ll be happier. Yet few people get these basics right.

Words Worth Reading

December 9, 2016
Words Worth Reading, December 2016.

Words Worth Reading

November 28, 2016
A brilliant read by Carl Richards from The Behavior Gap…   Uncertainty Scares Us, But You Can Do Something About It Can I be honest with you for a minute? I’ve struggled to write my column this week. Given what happened in the presidential election and the response I’ve heard and seen around the world, I have no idea ...

What to do with the fear of the future?

November 22, 2016
I have never really been gripped by fear. Until recently. Donald Trump and Brexit; the potential of Marie le Pen; and the rise of the right and the step backwards of Putin has gripped my heart with fear. Locally, there is much to be fearful about.

US Presidential Election 2016

November 10, 2016
We haven’t paid much attention to US elections in the past…Democrats, Republicans, Bush, Clinton or Obama – there has been a broad acceptance of neo-liberal capitalist policies supported by globalisation. Yesterday, that changed.

Fees and Investments

October 25, 2016
For many, investing can be intimidating. We tend to seek out people with more knowledge than we have, to sort out our finances and invest on our behalf. This is perfectly acceptable. But, why is it that people do not know what they pay for this investment advice?

Market Overview: Q3 of 2016

October 25, 2016
This quarter we faced unanswered questions on Brexit, entered a new era of politics in the USA, and changed guard at local, municipal level.

Words Worth Reading

October 25, 2016
Words worth reading, October 2016.

What’s going on with world growth?

September 12, 2016
Despite years of unprecedented stimulus from authorities all over the world, the global economy is sluggish. Global growth expectations are continually adjusted downwards and are still well below long-term averages. This year the World Bank adjusted its global growth forecast downwards to 2,4% from 2,9% in January. So, what’s happening with economic growth and why is ...

Unpacking the taxation of trusts

September 12, 2016
The taxation of trusts has been a grey area for some time. The proposed changes in legislation was published for comment recently.

Splashing out on a car or investing in your future?

September 12, 2016
Our Wealth Analyst Thiart van der Merwe writes the first article in our series on general financial planning for yuppies. Thiart is passionate about the everyday decisions we make, and how these affect our futures much more than our investment returns.

Words Worth Reading

September 12, 2016
Words worth reading, September 2016.

Market Overview: Q2 of 2016

July 25, 2016
“Every once in a while, the market does something so stupid it takes your breath away.” This famous saying by Jim Cramer pretty much sums up the second quarter of 2016, more specifically the last week of June.

Robo-Advisors: The financial planners of the future

July 22, 2016
There’s much talk about jobs like financial planning and wealth management becoming careers of the past. Futurists like Graeme Condrington are even suggesting that by 2025, these jobs, as we know them will be gone. Replaced by algorithms.

Words Worth Reading

July 22, 2016
We’ve found these articles fascinating. From a well-diversified portfolio, to growing old happy, and life in an accelerated age. Let us know what you think of these?

Market Overview: Q1 of 2016

April 15, 2016
While it is always difficult to predict where we were heading at the beginning of 2016, we could feel a bit more optimistic than we were at the start of the year. The constitution held up and a big victory for our democracy as the message was clear, no one is above the law in ...

Tax Update: Property REIT Structures

April 8, 2016
Since April 2013 most listed property companies converted to internationally recognised REIT structures from property loan stocks and unit trusts. This move brought South African listed property companies in line with global standards which also offered certain tax benefits to the structures. How does this affect the shareholder? Historically income distributions from property shares were primarily declared ...

Budget Review – A Step in the Right Direction

April 6, 2016
Minister Pravin Gordhan managed to keep most parties happy with a sound budget that contained fiscal consolidation targets and suggested commitment to growth. While it is a step in the right direction, South Africa still faces a likely downgrade by a least one of the rating agencies by December. Treasury has opted not to increase top ...

Looking Back, Taking Stock and Setting Goals – An Annual Review

March 4, 2016
An annual review of one’s life is such a healthy practise. Looking back gives you a sense of achievement and taking stock highlight growth areas and new goals. On a personal finance level, an annual review of your balance sheet is also a good practise. Have you made progress in your net asset value over the ...

The United States, a Declining Power or the “Indispensable Nation”?

March 3, 2016
PortfolioMetrix’s Brandon Zietsman wrote an interesting piece on the possible shift of power away from America to the likes of China, and whether you should look at size in isolation or is there more to a power shift than just the production numbers of a country. An interesting read. American exceptionalism has defined the way Americans ...

Market Review 2015

January 27, 2016
2015 was a tough year for markets around the world. The Rand crumbled to an all-time low. The currency lost 35% during the year and as at 31 December one dollar could get you R15.58 (compared to R11.56 at the beginning of the year). The only upside of this was that global investments held in dollars ...

Travel Ideas for a Weak Rand

January 27, 2016
I always plan my next holiday as soon as I get back from one. It takes a few days to ease back into a daily routine once I’ve become accustomed to late lunches and afternoon naps. So here I am, like every year, back from December holiday checking out all the public holidays, flight specials ...

Significant tax changes finalised in Taxation Laws Amendment Act

January 27, 2016
Earlier this month, the Taxation Laws Amendment Act was passed in parliament. The Act included significant retirement reforms. Although these reforms follow years of negotiations, it has still been met with resistance especially by labour unions. What do these reforms mean for high net worth individuals and families? We believe these changes go some way to simplify ...

Capital Gains Tax on Foreign Assets

January 26, 2016
As the tax season is upon us and we see an increasing amount of assets being bought offshore we want to shed some light on the Capital Gains Tax implications of these assets.

No ordinary revolution

December 3, 2015
Ahead of the festive season, we have put together a few ideas for different drinks, either as gifts or to enjoy at sunset. These refreshingly different drinks are all locally produced. Craft Beer There has been a huge revolution of craft beer in South Africa over the past few years. Many restaurants and bottle stores now offer ...

Resolutions and Reflections

December 3, 2015
It is the time of year for reflection and resolutions. As we head for the annual summer holidays or enjoy an opportunity to slow down a bit, there is time to think. We review the past year and think ahead. We think about what we can do differently for a happier life. Is that not what ...

Third Quarter Market Review: 2015

October 23, 2015
The third quarter of 2015 presented challenging market conditions. Global equity markets declined by 11% measured in US Dollars. According to the MSCI Index this is the worst performance since the third quarter in 2011, when markets declined by over 20%. South African equities declined by 2% in local currency terms but by 17% in ...