News & Insights
New tax laws for expats
The laws around tax for South Africans who live and work abroad have changed and it’s important to work out whether or not you are now expected to pay tax on income you earn outside of the country. Carla Rossouw tackles this complex topic.
As of 1 March 2020, South African tax residents living and working abroad are required to pay tax of up...
March 23 2020 By Carla Rossouw - Allan Gray Personal Investing
Coronavirus: Taking stock of the state of the markets
The world is changing extremely fast. The global business shutdown is unlike anything seen outside wartime. It is impossible to know the length or depth of the coming recession and the time it will take for the coronavirus crisis to pass. That said, the global efforts to find solutions, whether a vaccine or the best protocols to reduce transmission...
March 20 2020 By Andrew Lapping - Allan Gray Markets & Economy
Managing Your Capital Through A Time Of Crisis
Why is Covid such a big deal?The number of confirmed cases and fatalities from Covid1 thus far may seem relatively benign (certainly relative to seasonal influenza, which severely infects three to five million people and causes 250 000 to 500 000 deaths per annum, globally), and is therefore difficult to reconcile with the dramatic responses we hav...
March 20 2020 By Coronation
Coronavirus - so why the fuss?
The coronavirus is highly infectious, and whilst a lot less lethal than SARS, it is more deadly than the common flu. That, and the speed at which it has spread, has got people very worried. In addition, it has been significantly hyped by the media, as is often the case. Fortunately, whilst not pleasant, getting sick with the virus is manageable, an...
March 13 2020 By Jeremy Gardiner - Investec Asset Management
Making sense of current market conditions
The current market volatility is understandably causing investors much stress. Andrew Lapping examines the impact of coronavirus and the drop of the oil price on our portfolios and offers clients some perspective.
Global asset prices are under extreme pressure as investors rush to perceived safe-haven assets in the face of a global econ...
March 11 2020 By Andrew Lapping - allangray.co.za Marekts&Economy
2020 Budget: Stuck between a rock and a hard place
A revenue shortfall of R50bn was announced in the Medium-Term Budget Policy Statement (MTBPS) in October 2019, and this sets the scene for the 2020 Budget. With the main revenue levers being corporate income tax, valued added tax (VAT) and personal income tax, is there any room to cover this shortfall by increasing taxes?
The South African co...
March 11 2020 By Carla Rossouw - allangray.co.za Personal Investing
2020 Budget speech update
Budget sees some tax reliefThere were many predictions leading up to Budget day, ranging from a value-added tax (VAT) rate increase to continued bracket creep, but instead we saw no major tax increases and above-inflation adjustments to all tax brackets and rebates, which provides real income tax relief for individuals. There were no changes t...
March 05 2020 By Carla Rossouw - allangray.co.za Personal Investing
What To Consider When Buying Your First Home
Don't let the property market be daunting.
Before you even think of going house hunting, you need to know how much you can afford. Visit your banks website and see if they offer a bond calculator (it’s not always accurate, but it gives you a rough idea), that way you will avoid disappointment.
Factors to consider include:...
March 02 2020 By Noble Wealth Management Markets & Investing, Financial Planning
Coronavirus (COVID-19) - Investment decisions in times of stress
With Coronavirus causing turmoil in investment markets globally we have seen significant market moves across asset classes over the past week. With such an event it is extremely difficult to estimate investment outcomes, however one trait is reasonably certain: our human bias for loss aversion, which is heightened when fear like this spreads. This ...
March 02 2020 By Fundhouse
The Impact of the Coronavirus, now COVID-19
FIVE things you need to know about COVID-19 today
1. The daily infection rate of the novel coronavirus, now referred to as COVID-19, is more than double the daily rate of SARS virus infections in 2002/032. While COVID-19 has infected more people than SARS, it appears to be less fatal. The latest mortality rate for COVID-19 is roughly 2....
February 25 2020 By Ndivhuho Netshitenzhe - Economist Health
What Are The Benefits of Using a Credit Card
Credit card - a bank payment card that allows you to manage borrowed funds within the credit limit. The credit limit, in turn, is the maximum available amount that the holder has the right to use. Widespread in the world today are cards of Visa and MasterCard payment systems.
Credit Card BenefitsBank transfer is the usual way to pay for various se...
February 20 2020 By vaibhav geek - ArticlesFactory.com Personal Investing, Financial Planning
Retirement Planning - The Sooner The Better
Retirement planning refers to the allocation of savings or revenue for retirement with the goal of achieving financial independence.It should start from the day you start earning. It's sound advice that almost nobody follows.
I’ve met people for whom retirement is ‘can’t wait’, a beginning of a more flexible existence, a ch...
February 11 2020 By vista wealth - ArticlesFactory.com Financial Planning
How to Make Valentine's Day Special on a Budget
In case you're stressed that your assets can't extend far enough to give your darling a Valentine's Day to recollect, don't stress! Because payday loans, precious stones and a five-star supper are not a need for an important Valentine's Day. Also, your cherished one probably won't care for those kinds of endowments or exercises! It's tied in w...
February 04 2020 By Nil Chahal - ArticlesFactory.com Financial Planning, Personal Investing
Large family, small budget
Anybody with a huge family will realize how troublesome it tends to be to keep over everything. There is such a great amount to consider and get ready for, and it tends to be a bit of overpowering under the most favorable circumstances.
Lack of common sense makes your family costs on nourishment much higher. Regardless of what your family un...
January 31 2020 By Nil Chahal - ArticlesFactory.com Financial Planning, Personal Investing
The top four mistakes to avoid when saving for education
As parents, we all want the best for our children, and this often includes being able to give them the best education that we can afford. In the journey to saving for your children’s education, it is oftentimes the small adjustments you make along the way that can mean the difference between having enough, or falling short, when the time come...
January 24 2020 By Saleem Sonday - allangray.co.za Personal Investing
Severance and retrenchment benefits
If you lose your job, you may be eligible to receive lump sum benefits from your employer and/or your retirement fund. These benefits may qualify for special tax treatment.
A “severance benefit” is defined in the Income Tax Act (“the Act”). It is a cash payment from an employer to an employee on the loss or termination of t...
January 16 2020 By Carrie Furman - Allan Gray Personal Investing
How to implement your New Year's resolutions
Are you able to speak that new language you wanted to learn in 2019? Have you shed those pesky extra kilograms from the holiday season? Are you fitter? If you have answered "yes" to any of these questions, you deserve a serious pat on the back, as you are one of the rare people who have actually managed to achieve their goals.
Strava, the social n...
January 13 2020 By Braam Visser - Allan Gray Personal Investing
Make a fresh financial start in 2020
Whether 2019 was a good one, or one you’d rather forget, the start of a new year is a great opportunity for you to set new financial goals and to put in place practical measures to achieve them. Knowing where to start can be tricky, so to help you out we’ve put together a checklist of things you may want to consider when putting togethe...
January 06 2020 By Prudential Investment Managers Personal Investing
5 smart ways to spend your bonus
If you were fortunate enough to receive a bonus in 2019, you may be wondering how best to use your new-found cash injection. But with so many options (and distractions) vying for your attention, it can be difficult to know exactly what to do. So to help you out, we’ve put together a list of five pointers to help you navigate your way to spend...
December 20 2019 By Prudential Investment Managers Personal Investing
Avoid being scammed this festive season
Aware that most of us are less vigilant as we ease into the festive season, scammers will be pulling out all the stops to line their pockets with our hard-earned money, writes Phiko Peter.
Armed with bonuses, stokvel payouts, savings and the spirit of giving, South Africans are set to spend billions of rands over the next few weeks. But retailers ...
December 16 2019 By Phiko Peter - Allan Gray Personal Investing