Where I grew up in the Karoo everything was scarce. Water was always scarce. If the wind didn’t blow, we couldn’t even get water from the boreholes. I learnt to bath in a few centimetres of water only when the water tank was full. I learnt to keep the dishwater standing just in case ...

I have repeatedly seen how the angst literally dissolves away from clients when we show them the concrete steps they can take to make a comfortable retirement a possibility or better yet, that their retirement capital is already enough. By focusing on what they can control, instead of a distant disaster, they can control their ...

Last year when I mentioned in a speech that the world has never had it so good, people asked me afterwards whether I was trying to be funny. I don’t do funny well. My family are forever telling me that I should lighten up. The thing is, compared to the rest of history – the average ...

The year is speeding ahead. We pile on the busyness as our annual holidays become distant memories. But where does this busyness get us? What exactly are we trying to achieve? Are we trying to earn more money so that we can be happier? Add more achievements to our CVs? Boost our egos with a ...

South Africa participated in the global equities rally as the United States confirmed that there will be no more interest rate hikes in 2019. Equity markets around the globe cheered the news with double digit growth achieved in most emerging market countries for 2019. Uncertainty has become a part of our everyday lives with the developed world leading the ...

“Small choices are the difference between health and sickness, loneliness or friendship, financial freedom or distress.”

As a wealth strategist, the space I occupy is a junction between the hard currency of how money structures clients’ lives and the softer side of listening to clients’ dreams, goals, concerns and hopes for their lives. I have many observations about this space. One of the most notable being how the contact point between money ...

2018 was a difficult year, one of the most difficult of my career. An overriding pessimism enveloped us: Trump was fighting with China over trade, Brexit turned out to a big mess, Europe stood, once again, on the precipice of a recession, the currency declined, South Africans learnt more about the extent of our leader’s corruption and financial markets tanked. ...

“Life will always be uncertain and at some point, you will undoubtedly face hardship. Yet some people manage to deal with adversity much better than others. Some people manage to transform that adversity into success. In talking to clients and people, I have been struck by recurring themes within their stories that have helped them ...

“We strongly believe in creating Wealth for Life. But, to do the things you want to do during your lifetime you need to have the capacity to do so. Therefore, we believe you need to control your needs and wants and save the rest in order to truly tick the wishes off your bucket list.”

“Retrenchment is an unfortunate event that can cause a lot of uncertainty and anxiety. With it come many financial and retirement implications.”

“The biggest risks you face on being retrenched are the short-term survival considerations. What do you need to do to get through the next year? What are the biggest pressure points?”

Recoveries, Buybacks and Politics The start of 2019 has seen most investors relieved by the recovery experienced on all fronts following a tough end to 2018. Markets bounced back sharply erasing most of the losses incurred in the fourth quarter. For investors that stayed the course the effects of 2018 are now negligible.  For those that jumped ...

2018 was a tough year 2018 was one of the toughest years of my career. Not only did we see a decline in global share markets, but safe asset classes did not help portfolios either. Most asset classes declined in unison. But that wasn’t the difficult part – volatility is normal in markets. For our clients, ...

2017 was a dark time for South Africans. We were on the verge of being downgraded to junk status and it was impossible to see our way out of the mess Zuma had left us in. More than a year later, it seems we have made a lot of progress.

“Qualifications and great track-records go a long way, but what happens behind the scenes – in the mind of the advisor? Specifically, how do we at Foundation Family Wealth make our decisions and how do we decide on what the best advice is?”

“Aren’t we glad that 2018 is behind us? That said – we’re all asking if there’s light at the end of the tunnel or if that’s actually a train approaching?”

“Something had to change, and we are very much still changing the way we live. I guess you could call it a journey to conscious living.” Sunél Veldtman takes a look at the 4 best gifts you can give yourself.

“None of us want to go on holiday and constantly think about money. We don’t want to stay home and miss out on fun activities either.” Our fifth article focuses on managing your finances over the holiday period.

“Why is it that the world and South Africans are not willing to pay more for their favourite bottle of Cab Sav?”

“In my three decades of working in investments, I have rarely seen investor confidence as low and pessimism reign as we are seeing now. I suspect that many of our readers are questioning their financial planning strategies. We have identified three critical questions for making drastic changes to your strategy and even your advisor.”

“With the end of the year in sight, it may be a good time to get the administration in order for your tax clearance certificate…”

“This month we’re focusing on marriages outside of community of property, with the inclusion of the accrual system. This seems simple on paper, but can get technical and confusing.”

“The third quarter of 2018 was a tough one for emerging market economies. South Africa fell into a technical recession as economic growth contracted for the whole of 2018.”

“Planning for retirement can be challenging as there are many unknowns and uncertainties that you need to consider. There are a few financial risks that can have a significant impact on your capital and your ability to draw income comfortably for the rest of your life.”

“Treasury partially accepted the submission and the bill has been withdrawn. Government and industry has been given more time to find a solution that may have less of a negative impact on unit holders. These amendments will be considered in the 2019 legislative cycle.”

“Our fourth article focuses on buying a car. This topic is close to my heart as I believe this is the single biggest reason people are indebted for life with no material investments later in life.”

“We should refrain from getting too negative. This can become a self-fulfilling prophecy. South Africa is not like Zimbabwe. We have an active civil society, free media and a world-class judiciary.”

“Treasury recently published a draft Taxation Laws Amendment Bill, suggesting changes to the income tax treatment of disposal of assets within a collective investment scheme (CIS) or unit trust fund.”

“Understand that there are various types of debt, some good and some bad. Applying for a bond to purchase a house can be considered good debt. Applying for a credit card because “there are just too many days in this month” – not good debt.”

“…as South Africans emigrate and move to all corners of the world, it’s becoming increasingly important to understand our Excon-legislation for estate planning purposes, and whether a bequest will be subject to exchange control.”

Sometimes a will doesn’t blatantly contradict our law or good morals, but is still problematic for the testator’s survivors. We are taking a closer look at the Maintenance of Surviving Spouses Act.

Words Worth Reading, July 2018.

What makes for a successful retirement? Why do some people thrive through this transition and others falter? What do you need to retire successfully?

Quaterly market review, Q2 of 2018.

-By Sunél Veldtman I have been pondering what to write ahead of Women’s month. Today we welcomed a niece into the world and little Julia gave me a good reason to write about all the things I want her to know about money (and a little about life). She is too young now, but one day, ...

Words Worth Reading, June 2018.

Property has long been considered a safe investment. There is even a Victorian saying about it: “Safe as houses,” supposedly meaning secure, with no risk of failure. In a continuation of his series for millenials, Thiart van der Merwe examines the relative attractiveness of investment properties.

“In this series of articles, we’re giving you the advice you need on how to set yourself up for financial freedom. Our aim is to give you practical steps each month – action points that you can take immediately. “

“…of all the different aspects of our lives and estate planning, anything that relates to our minor children demands particular care. Be very clear with your bequests in your will.”

Words worth Reading, May 2018.

We’ve had a few questions from clients on section 12J investments and whether it’s something that should be considered. Some advisors and tax consultants seem to be selling this as the next best thing.

-By Sunél Veldtman   If you don’t understand the money world, it’s not your fault – they aren’t speaking your language. There is a vast difference between the way men relate to the world of money and the way women relate to this world. This is no surprise considering that men have dominated this industry for the past ...

This month in Words Worth Reading, we highlight an article by The Economist on women and wealth. “Investment by women, and in them, is growing” and much of the wealth transferred in the coming decades will end up in female hands. Read more here. We include a thought-provoking article by Nicola Aylward about mindfullness, seasons and cycles. ...

“For those with massive estates, the implications of not having a will can be disastrous. But even the poorest of poor own a trinket or two, so let’s take a look at how an estate is dissolved without a will.”

“With all the political noise detracting from economic fundamentals, it is easy to think we are in a downward spiral. Compared to mid-December 2017, we believe we are on the right track building South Africa up to where it should be”

“Sticking to the formalities doesn’t automatically mean that your will is valid. In addition, you must also comply with common law and the stipulations of your will must be practically enforceable. But first let’s make a giant stride to understand a few definitions and get the basics right.”

“Very few investors have the time, knowledge or skill to invest their own money. To suggest that investors can merely go straight to a passive product provider, select the correct product for their needs and live happily ever after, is ignoring reality. Even when investors have the skill, they most often lack time.”

Words Worth Reading, March 2018.

This month, in Words Worth Reading, we include an article about the decision for early retirement from the New York Times. Early retirement is not just about having enough money. It is about what you will do with your time.

Deciding when and how to retire from your retirement products can be complicated. It should not necessarily determine when and how you retire.

This month we are recapping what we know about the different types of marriages and marital regimes in our country. It’s first and foremost important to understand the legal definition of a spouse, because it has various legal implications – in particular on an individual’s estate.

-By Sunél Veldtman   In our Encore years – the new term used for those in later life, which is anyone after fifty and now includes me – we are faced with new challenges. For the corporate professional it could be looming forced-retirement or even unexpected retrenchment. For the entrepreneur, it could be the sale of your business ...

-By Elke Zeki   Over the years we’ve often come across the same issues affecting retirement when dealing with new clients.  These common mistakes are not always obvious.  Unless you run the numbers and do proper cash flow analysis, it’s not easy to see how your choices will impact your retirement. We hope that these practical examples of ...

As the ageing population is growing, innovative ways of retiring and living is being invented. In words worth reading, we include an article on a new model of aging in your own home.   Read the article here.    

-By Thiart van der Merwe     As we ended off 2017, the headlines were dominated by the ANC leadership race. It came down to two candidates who represented different factions within the ANC. In the end Ramaphosa edged out a marginal victory over Dlamini-Zuma. The Rand subsequently strengthened by more than 11% as investors welcomed a business-friendly ...

-By Thiart van Der Merwe A prolonged, low-growth environment and no real returns from our market were the main talking points as we entered 2017. With constant negative press on corruption and a deteriorating political landscape, one can understand the inclination to be pessimistic. Up to the midway point the pessimists were right. The stock market surprised ...

-By Elke Zeki & Sunél Veldtman There is too much unwanted stuff on the planet. Too much stuff polluting our oceans, our soil, our water and the air. Christmas is ahead of us and many are thinking about gifts for our family and friends. Many will mindlessly buy another pair of unwanted socks wrapped in pretty ...

The Secrets of Sleep Sleep is becoming fashionable again. And so it should be. It is vital to our wellbeing. “Sleep, according to the Sunday Style section of The Times, is a new status symbol, a sign of prosperity and control in a frenetic world.” This from an article from The New Yorker, The Secrets of Sleep. Read ...

– By Sunel Veldtman A while ago I mentioned to my husband that I didn’t like the taste of lamb cooked on our gas braai. I prefer the smoky flavour of lamb done on a real wood fire. And so, the ‘kruiwa’ was born. (Kruiwa is the Afrikaans word for wheelbarrow.) He pulled out an old ...

-By Sunel Veldtman New Years’ resolutions are so tiring. Few people stick to them. Loose weight. Spend less. Be more organised. And then we carry on after a few days or weeks just as we did before. Better budgeting is high on the list of new years resolutions. Prioritising and limiting spending is key to financial freedom ...

Productivity Is Really About What You Don’t Do “The best productivity tip I ever got was the idea of a “stop-doing list” from Jim Collins. In this Age of Distraction, we’re all dodging and weaving between so much incoming information that what you don’t do on a daily basis has become as important—if not more—as what you do execute on.” Here’s ...

This month we enjoyed these articles. Happiness is Other People The happiness industry has been teaching us that we should cultivate happiness by ourselves through self-reflection and self-actualisation. It has left our generation lonely, sick and anxious. It turns out that research is clear – the single biggest contributor to our happiness is spending time with other ...

-By Elke Zeki   Many people believe that financial advisors add significant value by fund & product choice, asset allocation and budgeting. What concerns us is that research shows (and has for a long time) that there are algorithms that can do this much better than any human being can. Yet advisors are slow to embrace this ...

-By Elke Zeki   Planning for retirement is one of the most interesting aspects of financial planning. Despite our vastly different circumstances and financial situations, we generally have the same underlying goal: to retire happily and in good health. The desire for happiness and health is not just exclusive to retirees though. In our later years these things ...

By Thiart van Der Merwe Quarter 3 Review     There’s been a rally in SA equities in the last quarter. Some sectors have done really well. If we compare the returns to the rest of the world however, we are lagging. Why? Own goals on the political front. Against our Emerging Market peers, we have underperformed by more ...

– By Thiart van der Merwe    Bitcoin and cryptocurrencies are a hot topic at the moment. Everyone wants to know whether they should invest in Bitcoin. It is not surprising given that $100 invested 18 months ago, would be worth $1000 now. This kind of growth attracts attention. What is Bitcoin and what is the fuss ...

Why Your Morning Ritual Is So Important To Your Success “There is a reason that most successful people have routines. It’s not because they’re OCD or eccentric. Successful people develop routines for a simple reason: they want to reduce friction in their lives so they can focus on what they do best. As you become successful, whether ...

– by Michelle le Roux   It’s fun to be young and have big dreams. We leave school and the security of living under dad’s roof; we start working and have a lifetime of salaries and bonuses ahead of us. Retirement is far into the future – after all 40 years is a long way away. But ...

– Sunel Veldtman   Recently, I have noticed how many conversations about the world lead to a conclusion that the world is a mess. We seem anxious and insecure about the future. If I look at my social media feed, it is no wonder. Bad news abounds. Korea is angling for war. Trump plans to block immigration. ...

By Elke Zeki   I’m a bit of a wine snob so I almost had heart failure the first time I saw a couple putting ice in their champagne! I thought I knew about wine trends, but watching this pair pour a R700 bottle of Moet Chandon over a large pile of ice was just too much ...

By Sunel Veldtman   Almost one out of three women believe that men are better at handling financial matters than women are. This is according to The Old Mutual Savings Monitor (2012) – one of the few surveys that have studied the attitudes of South African women towards money. Even worse though, is that 65% of men ...

By Elke Zeki I heard a great analogy the other day from world-renowned researcher and storyteller, Brene Brown. She explained how often Thought and Behaviour sit in the back while Emotion drives the car. There are few things in life that stir up emotion the way money does. Even experienced investors are at risk of letting ...

“Can fairness really exist for women in the workplace?” – Business Day A brilliant read by Prof Anita Bosch – a registered master HR practitioner and associate professor at the University of Stellenbosch Business School (USB) where she researches women at work. She also teaches in the human capital management and leadership tracks of the USB ...

Sometimes The Best Thing You Can Do For Yourself Is Nothing  The brilliant author, coach and mentor Judy Klipin writes about taking time-out, to take stock.   “Next time you are feeling over-worked, over-committed and overwhelmed, take some time to stop. To breathe. To come back to yourself.” Read more here.

-By Sunél Veldtman Our first Encore workshop was a huge success given the positive response from attendees. We covered all aspects about planning for the second half of life, including emotional well-being, purpose and health and we took a thorough journey through the financial preparation for retirement. We hope that the workshop contributed to new plans and ...

By Thiart van der Merwe A captured state exposed by a trail of emails in the hundreds of thousands. The #GuptaLeaks made headlines almost every day in major newspapers throughout the quarter. Shocking revelations of kickbacks received to Gupta-linked companies and generous gifts and holidays paid for to secure more lucrative deals just highlighted the corrupt ...

By Elke Zeki This month we launched our Encore workshop, specifically aimed at people approaching retirement and the challenges the “New Old” face today.   There is a distinct phase of life (we argue between 55-70) where many of the old are still young. They are active, relatively healthy, want to work (although flexibly) and spend money. ...

By Sunel Veldtman Many years ago, I read the book ‘A Year in Provence’ by Peter Mayle. It kick-started my love affair with the ‘let’s go live somewhere else’ idea but it also watered a small seed within me. I guess that seed has been there all along: from my early childhood on a Karoo farm ...

This month, we feature an article by our friends Dave Park and Anne Livingstone. They are enthusiastic travelers who blog about their many adventures on ‘My Very Long Weekend, Every day is Saturday’. The title alone gives away the high value they put on travel, brought about by financial freedom. We include one of their ...

By Elke Zeki Financial planning is not an exact science, nor is it about getting everything right. It is about creating a plan that accounts for uncertainty and allows you to adjust quickly and easily. One such area of uncertainly, especially when planning for retirement, is expected returns. When doing a cash flow analysis, we always assume ...

-By Erol Zeki   Beyond The River is a beautiful, true-life South African film that opened in cinemas a few weeks ago. Inspired by the story of two men from vastly different backgrounds – Piers Cruikshanks and Siseko Ntondini – and their determination to win a gold medal at the one of the contintents toughest canoe races ...

By Johann Coetzee Wednesday arrived with the promise of late afternoon rains, a hint of early morning sunshine and some cumulous clouds already building up from the east. I lingered for a while in bed, contemplating the beauty of this day and the consistency of creation. This also happened to be the last day of my official ...

YOU ARE INVITED TO ENCORE! If you’re thinking about slowing down, exiting corporate life or retiring, this workshop is for you! This is the new retirement and we’ve called these years – “The Encore Years” because they start long before you finally take your bow. The traditional picture of retirement looked like golf days, beaches and books, ...

– By Mareo Bekker   Sunél asked me to jot down a few thoughts on how I understand and experience “semi-retirement”. Before I address the subject, I have to provide some background and context to my story. After starting my working career, my wife Lizel and I were blessed with four sons. It changed the dynamics of our ...

Retirees Are Too Pessimistic on Their Investments – And It’s Costing Them … “Adults in retirement are less optimistic than younger groups about future economic growth, stock-market returns and long-term personal financial well-being, new research shows. This may lead them to shift out of stocks too soon and cut spending more than needed, shortchanging their lifestyle and ...

-By Elke Zeki This debate is on-going and some are very passionate about it. In the South African market, quality active managers have been relatively successful in outperforming equity benchmarks over the long-term. However, recent low returns from the market (and active managers) has brought a renewed interest in passive solutions from investors. Why is this, ...

We recently had the privilege of touring Mabuasehube in Botswana and the Kgalagadi Transfrontier Park. We were aware that it had rained up to 300mm in the area since January. But nothing could’ve prepare us for the spectacle that awaited us: millions of butterflies, metre tall grasslands, pans filled with water and beautiful clouds everywhere. ...

Words Worth Reading, April 2017.

A quarter marred by political instability: First Quarter 2017 Review.

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 ...

– 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 ...

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.

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 ...

A few interesting articles that we have come across this month.

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.

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.

-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 ...

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

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

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, January 2017

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

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) ...

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

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 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 ...

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.

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.

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?

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 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 ...

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

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 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.

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.

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?

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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.

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 ...

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 ...

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 ...