March 22, 2024

2024’s Top Risks for Corporate Leaders

In 2024, corporate leaders in South Africa and around the world are facing more legal challenges than ever before. As the business environment becomes more complex, directors and senior officials are finding themselves at a heightened risk of litigation across a variety of fronts. Factors increasing legal risks for corporate leaders The business world is evolving rapidly, with several factors contributing to the increased legal jeopardy for directors and senior officials. These include: Economic and geopolitical instability: Economic and geopolitical instability places the global economy under significant strain, with inflation hitting highs not seen in a decade and the cost […]
March 22, 2024

Why Honesty Is the Best Policy When Dealing with Your Financial Advisor

The foundation of any relationship with a financial advisor is built on trust and transparency. Clients are expected to share intimate details about their financial lives, similar to how one would discuss health issues with a doctor. This level of openness ensures that advisors can provide tailored advice that accurately reflects the client’s financial health and goals. Shared life stages and understanding A unique aspect of the client-advisor relationship is the mutual understanding that can develop, especially when both parties are at similar life stages. This common ground facilitates discussions that are not just transactional but also empathetic, taking into […]
March 22, 2024

Godongwana Reaches Out to Private Investors

Better-managed PPPs can help South Africa avoid prescribed assets. South Africa may very well be at the brink of a new era, where a greater focus on public private partnerships (PPPs) can help to address the country’s multiple challenges. The ongoing energy crisis, a deteriorating and unreliable logistics system, failing infrastructure, and climate risks—solutions to these challenges require the technical and financial support of the private sector. With the state’s plans to launch unique infrastructure instruments, driving private sector participation may not necessitate prescribed assets legislation. This was the sentiment following the reforms that Finance Minister Enoch Godongwana alluded to […]
March 22, 2024

Three Innovative Approaches to Boost Your Retirement Savings

Retirement planning is absolutely key to your financial well-being, but let’s face it, as those golden years inch closer, a lot of us start to worry if what we’ve saved up is really going to cut it. Sure, sticking to the tried-and-true savings plans is essential, but why not think outside the box a little? There are some pretty smart, yet less traditional ways to beef up your retirement savings without taking on too much risk. Let’s explore three creative strategies you might want to consider: Leverage your annual leave Strategic use of leave days: In the corporate world, senior employees […]
March 22, 2024

Silence is Golden in This Year’s Budget Speech

What matters more than the contents of this year’s budget is what has been omitted from it. Its greatest virtues are four days less tax, no NHI, and liberated electricity markets. The budget does not, for instance, provide for two huge burdens promised by the government—the draft electricity plan (IRP2023) and the National Health Insurance (NHI) (which would, paradoxically, prohibit insurance). The budget subtext is that government-funded electricity and NHI will never happen. Healthcare will remain roughly as is, and there will be electricity supply competition. However, the budget’s single greatest accomplishment is that Tax Freedom Day (TFD) will be […]
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