“[The new requirements] enable… a more efficient process to make deductions available to qualifying donor taxpayers and to help prevent section 18A claims abuse.” (SARS)
Public benefit organisations (PBOs) are engaged in public benefit activities for example religious institutions, day care centres, disaster relief organisations, health clinics, etc.
Many are dependent on donations and, to encourage the public’s generosity, a tax deduction […]
“A resilient spirit, coupled with financial knowledge, is an unstoppable force.” (Anonymous)
There’s more to this material world than meets the eye. As human beings we are all trying to gain self-awareness and instinctively value compassion, empathy, and open heartedness.
You may ask, “How on earth does this have anything to do with financial planning?” The answer is “Everything!”
You may carefully follow […]
Invest for the long haul. Don’t get too greedy and don’t get too scared.” (Shelby M.C. Davis)
In 2021, South African investors could have made a return of 36.9% if they’d been invested in the local property index. That same year they could have made 33.1% in rands if they were invested in global property.
This was a bumper year for real […]
As part of FinCommunications’ partnership with FinDotNews we’re excited to announce an exciting promotion. All new subscribers can now enjoy 50% off a Classic Plus subscription for the first 6 months. That’s only R310 (excl. VAT) per month, for a database of up to 100 clients. The best part? You can cancel at any time. (There is a once-off […]
Light at the end of the tunnel for borrowers – and investors
The interest rate hikes central banks implemented over the past two years have been so aggressive that economists have consistently warned central bankers against overdoing it and running the risk of driving economies into recessions that would be exceptionally hard to turn around.
Financial markets have consistently been more optimistic […]
“The only thing worse than training your employees and having them leave is not training them and having them stay.” – (Henry Ford, Founder, Ford Motor Company)
In a world where everything seems more expensive today than it was yesterday training and advancement of staff can seem of lesser importance. As an increasing number of studies show, however, this could not […]
“If you don’t know where you are going, you’ll end up someplace else.” (Yogi Berra)
A sound financial plan is invaluable. It looks ahead to what you want from your money, and gives you a way of measuring how well you are doing in getting there.
It gives you a lot of confidence to be able to know how the different steps […]
“Diversification is protection against ignorance. It makes very little sense for those who know what they’re doing.” (Warren Buffett)
This is all very well, Warren, but we can’t all afford excessive risk.
For this reason, Harry Markowitz coined the phrase that diversification is the only free lunch in investing. The concept is that owning a more comprehensive range of investments will reduce […]
Investors initially responded positively to the details in the government’s Budget, particularly the decision to tap into the central bank reserves to alleviate budgetary pressure. But sentiment soon turned negative, sending the rand to R19.24 a dollar after it firmed to R18.83 in the immediate wake of the Budget speech.
With South African elections taking place in late May and half […]
“Great things in business are never done by one person. They’re done by a team of people.” (Steve Jobs)
There are many benefits to having a great team, and these have been backed up by scientific research around the world.
These include, for example:
