Tag: financial security

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”.

Structured products enable diversification into offshore markets while controlling risk. Any investor worth their salt understands the importance of diversification, particularly in a contemporary economic environment characterised by such volatility and uncertainty.

The new, updated edition of this bestselling investment book will show readers that financial freedom is possible for everyone. It has been updated to include the current hot topics of investing offshore and online, while setting out distinct guidelines on how to do both carefully and prudently.

In his budget speech on 22 February 2023, the Minister of Finance announced that the proposed two-pot system will take effect on 1 March 2024. Many had hoped for a delayed implementation date, given the development required to systems to accommodate the new structure.

New year, new dreams, new aspirations, new diets, new action plans, new holiday ideas, new jobs, and typically, also a "new you." We can all relate to the "new year, new you" tagline. A fresh start to get our lives back on track and to live the lives we want to live.

When we think about our legacy, it usually involves things like building a solid career, raising well-adjusted children and passing on cherished family traditions. However, your legacy could also be about teaching your children the life lessons and everyday habits that your parents and grandparents taught you, either through you modelling their behaviour or by heeding their advice.

In a world where we face mounting financial pressure, it becomes increasingly difficult to stick to the confines of our budget and keep our spending in order. Rising interest and inflation combined with skyrocketing fuel costs have knocked the finances of South Africans, leading to a rise in debt as consumers increasingly turn to credit to make ends meet.

On the back of COVID-19, and the widespread financial difficulties that many people experienced as a result of two years of lockdowns, some South African employees opted to resign from their jobs in order to access their retirement savings. 

The recent announcement that heavyweight Wall Street bank, JP Morgan Chase has agreed to buy UK Robo-Adviser, Nutmeg, indicates the far-reaching effects of COVID-19 on the financial advice and wealth management industry as big business embraces this new model.

The advent of COVID-19 has led to people losing their jobs and seeking ways of securing their financial future against the current disruptions. Rather than wait for employment opportunities, people are taking matters into their own hands.