We have come across many clients recently who are wanting to move their funds into the “bank” following the very poor returns of the past 5 years. Their rationale usually revolves around the fact that at least they would be guaranteed a return of ±7
ENT specialists will tell anyone who listens that the only thing that you should ever stick into your ear is your elbow (it’s impossible, just as it is impossible to lick your elbow). And yet a quick trip down the supermarket aisle or peak into just
I received another unsolicited email today from an operation called “savemoney.co.za” about a tax-free savings account. It's just Old Mutual in disguise and despite claiming to offer the “best tax-free savings account in South Africa” a little diggin
I recently watched someone using a leaf blower to clear their pavement. As I watched, it struck me what a pointless exercise it was and it crossed my mind that the leaf blower must be one of the most senseless machines yet invented. You never actuall
A few years ago, during the National Budget Speech, government put a cap of R350k pa on retirement contributions. It appears that no one at treasury has given this much thought as it only really affects the top few % of the population (first world pr
I recently had an interesting discussion with a friend of mine (we don’t do her financial planning). The conversation turned to money and I enquired about her financial planning. The response was surprising. She said that every time she interacted wi
Not content with being lambasted by the tax ombudsman's office, SARS now seem to be making up their own rules as they go along. Speaking to fellow tax practitioners, the anecdotal evidence of this is overwhelming and it even seems that different SARS
There is this strange phenomenon in SA called Regulation 28 that is applied to retirement funds. It stipulates that retirement fund members may not have more than 75% of their funds in equities and no more than 25% of the fund invested offshoreIronic
You know that SARS is really in a mess when they still insist that Internet Explorer is the "safest" browser. It is also the only browser in which their efiling application functions correctly. How is this possible in 2017? If my information is corre
ISM R5000 Share portfolio scam on the go again It seems that an old scam is on the go again. I have just received a call from a company claiming to be called "ISM" and advising me that I had won a R5000 share portfolio. They needed to make an appoin
•Asset Allocation Strategy
•Investment Research and Selection
•Local and Offshore Investing
•Tax Efficient Planning
