With wars raging in Ukraine and the Middle East, as well as elections in countries homing around four billion people, 2024 was always expected to be turbulent. With this in mind and following a 26% recovery for the S&P 500 in 2023, we, and most economists, started the year with relatively modest expectations in terms…
Within a few days from now, Donald Trump is set to be inaugurated as the 47th president of the US. His return to the White House is, as we have noted in previous newsletters, cause for both trepidation and anticipation for equity markets, given his promises to slay many of the sacred cows in modern…
At the outset of 2024, some of the more optimistic banks and analysts forecast that there was scope for the rand to power to R16/$ by the end of the year. But despite the optimism surrounding the formation of the Government of National Unity (GNU) and hope for interest rate cuts in the US, the…
For many years, trusts in general were not subject to punitive tax and regulatory scrutiny, which made them the most tax-efficient vehicle for high-net-worth families to preserve wealth and pass this down to their heirs. However, tax authorities around the world have increasingly tightened up on many of the loopholes that once made them so…
