Tag: generational wealth

It is 2005, a time of silent anticipation and hidden possibilities in the rugged Cederberg mountains. Cameron Coal is embroiled in a desperate fight to save his family’s rooibos farm, which is a hair’s breadth from bankruptcy, while wrestling overwhelming grief after his wife’s death and trying to build a relationship with his blind daughter.

Against all odds, 2024 is still believed to be the year of the first-time homebuyer resurgence. And while it’s a slow climb to the top, a combination of low house prices, competitive bank interest rates and impending rate cuts has many aspiring homebuyers hungry to get into the property game.  

Locally, as trust compliance becomes more complex and trusts become more costly to administer, their value is increasingly being questioned. However, a trust’s worth extends beyond its financial benefits, and as such, they are still very relevant tools to use in a well-crafted estate plan, especially for high-net-worth families. 

Today is Heritage Day, and for many South Africans, this is an appropriate time to reflect on the assets that they’ve built up over years, and possibly generations. In these uncertain times, it’s important to re-evaluate the value of your assets, and to determine how best to leave a legacy.

Money matters and finances continue to be a widely talked about subject. The pandemic has not only been onerous and taxing on everyone’s lives, but it has also created undue financial pressure on households globally. Instead of being overwhelmed by unnecessary expenses this year; look at ways or areas where you can save and invest your money. Unplanned finances can push people towards unnecessary short-term debt, which should be avoided at all costs.