By: Natasja Hart, Wealth Manager, GCI Wealth
Too often, saving is seen as something to avoid—no wonder we have such a low savings rate. Actually, we should welcome it because if our saving is on track, we will enjoy our spending so much more.
The latest Old Mutual Savings Monitor confirms that while South Africans seem to be waking up to the fact that debt should be avoided, we still are not saving enough. The majority of people are not saving for their children’s education, and 40% of respondents say they have no form of formal retirement savings at all.

By Johan Minnie, Liberty's Group Executive of Group Distribution and Bancassurance
One week after our IT infrastructure was illegally accessed, we'd like to update you on the progress of our investigation and the security measures we've put in place to ensure that all our stakeholder data is secure.

​Every earner is taxed.  Through one kind of tax or another, government takes a bit out of everyone’s earnings.
This means everyone is forced to spend some months working for government.
Tax Freedom Day is the day on which average South African income-earners at last start working for themselves, the day on which they have finally paid their tax bill in full.

by Robert Lea | Mar 13, 201

​Under Trump’s plans the US will place an additional 25% global tariff on imported steel and a further 10% tariff on aluminium. Trump’s decision to apply a global tariff – as opposed to a
targeted one – means the tariff will impact all exporters of aluminium and steel to the US equally. The White House has confirmed that it would grant a 30 day exemption to Canada and
Mexico, which we interpret as an effort to gain leverage ahead of the forthcoming NAFTA talks.

I cannot recall a State of the Nation address that grasped my attention so much as President Ramaphosa’s maiden SONA address on 16 February 2018. Without underestimating the challenges lying ahead of us in any way, I felt exhilarated, eager to get to work and to play my part to make South Africa a better place for all who live in it.
 

The political landscape in South Africa is changing by the day. As I write this, the State of the Nation Address has been postponed for the first time in our young democracy, the ANC National Executive Council has set up, and then subsequently cancelled an emergency meeting, rumours abound that Zuma is on the verge of resigning and uncertainty is the order of the day. The stock market, South African bonds and the currency have been volatile and everyone appears to be waiting for what is coming next.

Article by: 

Article by Coronation

By Peter Leger
"WE ARE GOING to die, and that makes us the lucky ones. Most people are never going to die because they are never going to be born. The potential people who could have been here in my place but who will in fact never see the light of day outnumber the sandgrains of Arabia."

​By Karl Leinberge

STEINHOFF, THE GLOBAL discount retailer with more than 11000 stores in over 30 countries, suffered a spectacular share price collapse during December 2017. The company was one of the largest listed on the JSE. Our equity and multi-asset class funds were invested in Steinhoff equity to varying degrees, depending on the mandate of the fund.