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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 seem to be waking up to the fact that debt should be avoided, we still are not saving enough. The majority of people are not saving for their children’s education, and 40% of respondents say they have no form of formal retirement savings at all....

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 swak spaargewoontes dryf, maar ek glo die onderliggende rede is dat te veel mense spaar as iets negatiefs beskou, iets wat die hoeveelheid geld wat hulle nóú op prettige dinge kan bestee, verminder; daarom is spaar iets wat uitgestel word. As ’n mens spaar egter...

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 poor savings habits. I believe the underlying reason is that many people see saving as something negative, something that reduces the amount of money they have to spend on fun things now, and thus something to put off. However, if saving is approached in the...

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 that more than 40% of respondents from the Saving Monitor said they have no form of formal retirement savings at all. “There are many factors that drive these poor saving habits, but I believe that the underlying reason is that too many people see saving...

Alex Cook, GCI Wealth GCI Wealth will be visiting selected centres around South Africa between 11th and 23rd August 2017 on its annual wealth tour. The Wealth Tour has been undertaken by GCI executives since 2010 to bring financial advisors and their clients up to date with the latest trends and thinking in wealth management. This year’s tour will focus on happiness: what it really is, and how we can create it in our lives. “They say that money can’t buy you love, but financial security certainly is a necessary basis for lasting happiness,” says Alex Cook, CEO of GCI....

Press Release Sasfin and GCI Wealth, a boutique financial planning and investment group, announce that certain financial advisors will be transferring from Sasfin Financial Advisory Services (SFAS) to GCI Wealth. The move was prompted by Sasfin and forms part of their strategy to become a leading Wealth Management business. Alex Cook, GCI Wealth CEO, says the company is proud to have been chosen by Sasfin advisors to provide support to them and their clients. “Providing holistic financial planning and advice is a complex, specialist task, especially with today’s volatile and confusing global markets. To service their clients properly, our Wealth...