Finance Minister, Tito Mboweni has delivered his maiden budget speech for 2019 this afternoon, and he did it with a few jokes and japes thrown in for good measure, too. Mboweni’s optimistic tone looked towards fixing Eskom, restoring the credibility of SARS and a 12-figure boost for free higher education.
We are pleased to inform you that we have removed the foreign asset limit for the Allan Gray Endowment, effective 12 December 2018.
Endowment accounts will be allowed up to 100% in foreign assets, up from 60% since April 2018
As Living Annuity and Endowment investors use Allan Gray Life’s foreign asset allowance instead of their own, we need to manage Allan Gray Life’s overall foreign asset exposure to ensure that we comply with the South African Reserve Bank’s exchange control regulations.
Local retailers are gearing up for one of the year’s busiest weekends as Black Friday sales lure shoppers with unmissable discounts. This year’s Black Friday, however, is unlikely to change weak retail trade sales growth, which moderated to a lacklustre 0.7% year-on-year in September, from 2.5% in August, affirming the economy’s muted consumption demand.
With 17 million members globally, in 19 different countries, Vitality is the world’s best behavioural change programme – this TV commercial highlights how Vitality is changing the world.
With the spotlight on youth this month, you may be among those thinking about a visit from the stork. If so, here’s your financial to-do list.
Expectant parents and those planning a family may have started visualising their future bundle of joy. But while a new baby will capture your heart, it’ll also capture a fair portion of your family budget! Pregnancy and parenting involve many hidden costs, warns Danelle van Heerde, Head of Advice Processes and Tools at SPF.
2018 BUDGET SPEECH UPDATE. The Minister of Finance announced amendments to tax and other legislation that may affect investors. These changes come
into effect on 1 March 2018, unless otherwise indicated.