Sadly, South Africa recorded its first COVID-19 related deaths with a woman in Cape Town and a man in Ladysmith passing away over the weekend. Mental health issues are also increasing. A finance minister of Germany’s Hesse state died by suicide, apparently over concerns regarding the economic fallout from the virus. If you or anyone...
As we start the first day of Lockdown, our thoughts go to those who may be sick and struggling with the disease. We then think of the millions whose livelihood is threatened by having to stop working. Lastly, we think of those that will be continuing to expose themselves to the virus by maintaining essential...
The Government Gazette No. 11 062: DISASTER MANAGEMENT ACT, 2002: AMENDMENT OF REGULATIONS ISSUED IN TERMS OF SECTION 27(2), 25 MARCH 2020 was released and will be governing our lives from midnight tonight till midnight on the 16th of April 2020. The main message of the document is that you cannot leave your place of...
President Ramaphosa announced that the country will enter a nation-wide lockdown for 21 days with effect from midnight on Thursday 26 March. This to save the lives of hundreds of thousands of people. The full address is available in the PDF version of this newsflash which you can download here. The main points: The categories...
The South African Reserve Bank MPC meeting unanimously decided to cut the Repo rate by a full 1% which was more than the market on average expected. This is largest cut since 2013. This cut will help relieve some pressure on households and businesses but will not cure the economy or stimulate growth. Inflation is...
SA Equities ALSI -9.72% US Equities S&P 500 -9.51% UK Equities FTSE 100 -10.87% German Equities DAX -12.24% Yes, the global equity markets fell the most in one day in more than 20 years, but this is still not the end of world. The Sasol share price is now down 95% from a year ago,...
By: Natasja Hart, Wealth Manager, GCI Wealth Too often, saving is seen as something to avoid—no wonder we have such a low savings rate. Actually, we should welcome it because if our saving is on track, we will enjoy our spending so much more. The latest Old Mutual Savings Monitor confirms that while South Africans...
Die nuutste Old Mutual Spaar- en Beleggingsmonitor bevestig dat Suid-Afrikaners eindelik begin besef dat skuld vermy moet word, maar ons spaar nog nie genoeg nie. Die meeste mense spaar nie vir hul kinders se opleiding nie, en 40% van die respondente het hoegenaamd geen vorm van formele aftreespaargeld nie. Daar is baie faktore wat dié...
South Africans seem to be waking up to the fact that debt should be avoided, but we are still not saving enough, according to the latest Old Mutual Savings and Investment Monitor. Most people are not saving for their children’s education, and 40% of respondents said they have no formal retirement-savings vehicle. Many factors drive...
While the latest Savings Monitor report from Old Mutual indicates that more and more people in South Africa are waking up to the importance of avoiding debt, the savings attitude of South Africans remains negative and not enough people are saving money. This is according to Natasja Hart, wealth manager at GCI Wealth. Hart reveals...
