Tag: wealth creation

In a video clip that has gone viral on social media, a South African TikToker by the name of "Voice of RSA" (the Voice hereafter) aims at what he calls the dominance of "trickle-down economics". The TikToker argues that economic growth during the presidencies of Nelson Mandela and Thabo Mbeki was essentially jobless

Africa presents a compelling – albeit complex – investment landscape. While challenges such as political instability, currency volatility, and limited liquidity persist, significant opportunities counterbalance them. These growth options stem from powerful demographic shifts, digital transformation, and burgeoning intra-continental trade.

In a first for the local financial services sector, a diverse collaborative industry work group established following the inaugural SA Market Surveillance Conference held last year, has developed a draft industry code of conduct to guide financial institutions and align with international standards to bolster market surveillance in the country.

No Worries shows how anyone can live a stress-free financial life and build wealth for the long term. This is not about millions of tiny decisions that drain the joy from life, like skipping daily coffee to save a few bucks. And it’s not simply about having more money.

In 2018, the world watched as 82 per cent of all wealth created was claimed by the top 1 per cent of the global population. The bottom 50 per cent of humanity saw no increase at all. While one new billionaire was created every two days, one in every four South Africans were living on less than R18 per day – not enough to buy a loaf of bread.

The rise in life expectancy poses a significant challenge for individuals planning for retirement, necessitating a shift in the approach to financial preparedness. As people live longer, the duration of retirement increases, and with it, the financial demands.

An early start is at the heart of achieving sufficient financial resources for the lifestyle you desire for yourself and your family. It gives your investments more time to compound and grow. There are rules of thumb for younger investors who want to secure a strong financial future.

For us liberals, it matters little who makes a million dollars every other day, or how the world’s most endowed billionaires spend their wealth. As long as legitimate effort is exerted in an environment of free market competition; where entrepreneurship is recognised and rewarded on the basis of good business ethics and hard honest work.

Stokvels are on the move: moving from villages to cities, from beneath mattresses into savings accounts and investment instruments. As they move and evolve, their potential for growth and their ability to create wealth increases.

There comes a time in every successful entrepreneur’s life when he or she has to consider how best to transition to the preservation of the wealth they’ve built, not only for their own enjoyment, but also for the sake of the legacy they want to leave behind.