HEREFORD INSIGHTS

Working Mums can build wealth too

Working Mums can build wealth too

We hope that this year in particular, following the incredible difficulties that they have had to face during the pandemic, that our Mums have been especially honoured and spoiled by their families. It is a fact that during this time far more women lost their jobs...

Dispelling medical concerns is all about good cover

Dispelling medical concerns is all about good cover

Finally, the COVID-19 pandemic has released the steely grip it had on our country for most of last year and we are now well into level 1 restrictions and the roll-out of the preventative vaccine. We are, however, far from being able to be complacent and we all need to...

Will your holiday of a lifetime become a lifetime of holidays?

Will your holiday of a lifetime become a lifetime of holidays?

Once again, our COVID-19 restrictions have been relaxed a little just prior to the Easter holidays and many of us, a little more cautiously than before the second wave, will be gingerly dipping our toes back in the water as we enjoy the family vacation. Some of us...

Retirement funds changes herald a vital necessity for reform

On the 1st March this year better known amongst the financial community as ‘T’ day, a retirement reform initiative that our Government has been rolling out for a while now, took another step forward in the form of three further significant changes. Provident fund...

What kind of goals mind-set do you have right now?

As we enter a year that follows hard on a year that many would rather just forget and one which promises a lot of change in the way we do things, one might be forgiven for being a little ambivalent about how they approach goals for the coming year. It is reasonable to...

Will your 2020 New Year’s resolution prepare you for 2021?

Can you remember your New Year’s resolution last year for 2020? No doubt it was positive and you envisaged growth and prosperity. People were even saying “2020 – the year of plenty!” Well, that it was, but plenty of what we least expected! By February, with our plans...

Tip the scales in your favour this annual vacation

Life is filled with risk. From the moment we first open our eyes to the moment we finally close them when we have run our race, we face risk every day. Unfortunately even the good times, those times we most look forward to, carry some risk and vacations are one of...

Short term cover is long term vision.

The terms ‘short-sighted’ and ‘long term vision’ are heard every day in financial circles. Recent events, however, have given them somewhat more significance and brought them sharply into focus. The COVID-19 pandemic is still very much with us but already we are...

The ‘Mo’ that reminds us to examine our financial wellness

Quite a lot has been about ‘Movember’ and we ourselves have done so in the past. It is always worth talking about, however, because it is a fine initiative and its rate of growth certainly has been a phenomenal story. This article, however, takes a slightly different...

Prescribed Assets

In general, questions from clients follow very specific themes. These themes are usually fuelled by friends and family discussing the latest investment fad (Bitcoin has been strangely quiet recently) or the latest bug bear from media, who are trying to sell web...

A cultural melting pot makes the finest formula for success

Some believe it is a whimsical idea to talk about the ‘Rainbow nation.’ Certainly, in every society, there are issues around cultural diversity and history shows that we will always be learning and growing to try to achieve this in the true sense of the word. One...

A time to plant and plan in a particularly significant spring

As we welcome with open arms a spring that follows a difficult period for all, one cannot help but think of the words from the Beatles song “here comes the sun.’ It went something like ‘Little Darling, it’s been a long cold lonely winter…’ These words ring true to...

As the rainbow emerges it’s time to rebuild

We still have a long way to go in the fight against the dreaded COVID-19 pandemic. As we well know however, economically speaking at least, we can’t simply lie down indefinitely succumbing to its steely grip. Let’s rather, particularly as we celebrate Nelson Mandela’s...

Sometimes adversity offers the greatest opportunities

Some might say the COVID-19 pandemic would have put something of a damper on one of South Africa’s greatest celebrations – the Birthday of the late President Nelson Mandela. If anything however, the way we have, as a nation, resolutely and bravely tackled the pandemic...

Where is the Inflation?

Inflation is best understood in terms of its effect –i.e. a sustained rise in consumer prices or the decreasing purchasing power of our money. A moderate level of inflation is considered positive –what we don’t want is hyperinflation nor do we necessarily want large...

Relief and advice for SMMEs weathering the storm

The disastrous impact of the COVID-19 pandemic has no doubt heralded an unprecedented panic amongst the public, businesses, and of course government Ministers and employees at the forefront of the battle. It has brought out the best and the worst in people and...

Life in South Africa and the world after COVID-19

The COVID-19 pandemic has held the world to ransom, locked up in their homes seeking new and different ways to conduct their businesses – and their lives. The choice of continuing to work in a different way has, however, been a privilege mostly only the affluent have...

Budget 2020 – Some good news amongst the bad!

For many budget 2020 may have now paled into significance against the major catastrophes that have befallen the world and world markets since. We believe on always taking a positive spin however and truth be told there were some aspects of Budget 2020 that may help us...

Celebrating Women – and combined wealth planning

We celebrate many things this month, not the least of which is Human rights day – and the other, which in a way very much relates to the celebration of human rights, is International Women’s day. Certainly it was a long time before women were afforded their own rights...

Is the ‘state’ of anything simply about choices?

With the recent debacle at the ‘State of the Nation’ address, the budget speech now completed and a celebration this month of Human rights day, one can’t help but feel that there is a common thread that seems to follow the results and outcomes relating to all these –...

What is next…?

2020 has started with a BANG, the market is nervous, investors are nervous but strangely, there are a few less people wanting to invest everything in cash. All of this nervous tension is not new, I want you to think back to January 2019. In January 2019 we had just...

Top up your RAs to trim your tax

As the financial year end looms, some useful advice on how you can possibly still save on your tax payments is through investing any taxable funds you may still have available before submitting your return. In particular, this is an excellent time to top up Retirement...

DECEASED ESTATES PAY TAX

DECEASED ESTATES PAY TAX It is true! Even after you are no longer part of the economy, you are still liable to pay tax! As you may already know, everything is taxed, even small items you purchase at the shop on a regular day like a can of coke. HOW DOES THIS WORK WITH...

Market Flash – February 2019

On the 29th of March Moody's will announce the results of it's review of South Africa's sovereign debt ratings. Moody's is the only major ratings agency that has not already downgraded South Africa's sovereign debt to junk. Currently Moody's has South Africa's rating...

Seed Market Overview – February 2019

On the 29th of March, Moody’s will announce the results of its review of South Africa’s sovereign debt ratings. Moody's is the only major ratings agency that has not already downgraded South Africa's sovereign debt to junk. Currently, Moody’s has South Africa’s rating...

Taxation of Foreign Income for South Africans

With the recent amendments to the normal tax exemption relating to South Africans working outside the country as provided for in s 10(1)(o)(ii) which comes into effect from 1 March 2020, financial advisers have been inundated with clients and others wanting to...

TRUSTEES AT WAR: THE REMOVAL REMEDY AND IT’S LIMITS

What happens when a trust’s trustees fall out and go to war with each other? If a polite request to the minority trustee to resign bears no fruit, can the majority forcibly remove him or her? And if so, must they have good reason to do so? First question of course is...

2019 – The year ahead

2018 landed up being one of the worst investment years we have had since 2008. No matter how we try to look at it, no matter where you were invested, the negativity remained. With the yearend statements coming out, it has been dismal reading. The question now is, what...

Buy and Sell/Key Person Insurance

It is essential in the successful operation of any business that continuity and succession planning be addressed in the event of a member dying or becoming disabled. Very often, the most effective way to achieve this is with Buy and Sell and/or Key person insurance....

Emigration and your retirement fund

There is ongoing uncertainty on how retirement investors can access their savings on emigration. Given our country’s history of exchange controls and the restrictions that apply to retirement savings, concern on this matter is understandable. In the past, the South...

Greed

On a recent trip to Zululand, I found this interesting flyer on my car. “What does the good Doctor have to do with finance?” I hear you ask. Well, a few natural herbs can help you attract customers, win the lotto and even pass exams! Now I can hear a few people...

Moving to Canada – Hereford

Moving to Canada can be exciting but also a daunting experience. We lived in Durbanville (Cape Town) with a lovely surrounding of vineyards and mountains but that does seem very distant now to the big city of Toronto. There are so many things to consider during a time...

TRUST TO TRUST: DOES A TRUST ELIMINATE ESTATE DUTY?

Although death and taxes are certain, people are always looking for ways to minimise taxes upon death. In certain instances, people are not even aware of the tax consequences upon death. They may have to pay in excess of 30 percent in costs and taxes - capital gains...

Trustees: Your Risk of Personal Liability in Property Sales

Firstly, a warning to anyone selling or buying property to/from a trust - have your lawyer check upfront that you are adequately protected by the terms of the sale agreement. The problem is that contracting with trusts has its own specific set of rules and, as a High...

The importance of doing nothing

In this day and age of instant gratification, constant information flow, and the general speed of doing things, people constantly need to be kept entertained and constantly need to be “seen to be doing something.” If you look at the first graph below you will see the...

Seed Market Overview – 31 December 2017

Local Market After two calendar years of weaker returns (5% in 2015 and 2.6% in 2016), market prices produced a respectable 21% in 2017. Despite this move up in prices, the 5 year compounded return for the JSE All Share index is only up to 11.9%. Nevertheless, this is...