Let’s look back at 2018, before considering why 2019 may well be a better year. Global equities ended 2018 down, with South Africa’s JSE experiencing an especially tough year. The All Share Index was down 8.5% in rand terms and 21.3% in US dollars, while locally listed property fell 25% in rand. Even traditional rand…
The tax burden on South Africa’s higher income earners has swollen in recent years, with this segment of the population facing a top marginal income tax rate of 45%, capital gains tax of 18%, estate duties up to 25%, donations tax at 25% and dividend withholding tax of 20%.
The old political year ended with spectacles of beach parties in Cape Town while the new calendar year begins with the ANC celebrating its 107 birthday. Both will shape the political landscape in South Africa in the build-up to the election in May and the ability of a new administration to act thereafter.
Most wealth and asset management firms have a set of overarching philosophies that guide how they pick assets and securities in which to invest. There are several dimensions that they will consider when they choose securities or assets on behalf of their clients – the active versus passive debate, local versus offshore, and tolerance for…
