Tag: Consult by Momentum

Preparing your children for wealth starts long before an actual inheritance. You need to prepare them to manage it with responsibility and perspective. As financial advisers, we spend a great deal of time helping people build and preserve wealth. I have worked with numerous clients who have spent decades building businesses from scratch and managing investment portfolios.

A sudden medical emergency nearly cost my life. However, thanks to prudent financial planning, hospital bills became the least of my worries. I used to think I had time and health on my side. I trained hard, stayed active and monitored my health closely. By most measures, I was doing what people are supposed to do. Then, one evening in November 2022, after a completely ordinary day, my body gave way without warning.

The 2026 national budget did not introduce significant headline tax increases. However, the 2026 national budget implemented structural threshold adjustments that materially affect succession planning. These adjustments also affect retirement modelling, estate liquidity analysis and business exit calculations for Small and Medium Enterprise (SME) owners.

The Conduct of Financial Institutions (COFI) Bill will redefine professionalism in South African financial advice, and advisers who adapt early will lead the field. South Africa’s financial advice sector is entering a decisive new era. The COFI Bill, expected to take effect in 2026, will redefine what quality advice means and how it must be proven.

Every year during National Wills Week, thousands of South Africans take advantage of the opportunity to have a basic will drafted for free. Yet many still put it off, assuming they will “get to it one day”. The truth is clear. Dying without a will can leave your loved ones facing unnecessary stress, delays and financial hardship if something happens to you.

With the National Health Insurance (NHI) Bill having been signed by the President, South Africans are more confused than ever before. While most have some level of understanding of what the NHI is, the vast majority are still not clear on what the bill entails.

In today's dynamic and evolving business landscape, the concept of retirement is undergoing a profound transformation. The traditional notion of leaving the workforce at a certain age and entering a state of relaxation is being replaced by the exciting concept of "unretirement”.

It is important to understand the difference between load shedding and electrical grid failure. Load shedding, as we understand it today, is controlled interruption of electricity supply to the public. These scheduled interruptions do not affect any municipal institution; however, electrical grid failure will affect municipalities as well as any public infrastructure.

It’s not that you don’t think having a financial adviser (FA) is important, the critical role of sound guidance has been drummed into you by your money-savvy friends since you first started earning. But perhaps you’ve put off finding someone to handle your portfolio because you’re not entirely sure what you should be looking for.