Blog

Sep 6, 2018, 12:42 PM
At the very root of behavioural finance are the twinned emotions of fear and its flipside bedfellow, greed.
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Aug 5, 2015, 12:00 PM
By law, your registered adviser has to provide you with the most appropriate advice. This is your advice insurance policy.
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Jul 10, 2015, 1:06 PM
A better way to mobilize savings would have been to reduce the internal tax rate on the endowments to 18%.
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Feb 8, 2015, 12:00 PM
Loosely translated this means “beware the intermediary”. In the old world of commercial activity the Latin maxim read; “caveat emptor” let the buyer beware. This rule, finely tuned, through millennia of commercial trade and interactions has been thoroughly trashed by the rising tide of consumerism and political expedience.
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Apr 12, 2014, 12:00 PM
Financial advice at one level is ‘assisted shopping’. In a much more complex financial services environment our task is to select the most appropriate financial product or service for our client drawing on our extensive skills and industry experience and naturally avoiding conflicts of interest.
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Aug 5, 2012, 12:00 PM
This month, I cover two snippets of broad interest, the maximum value for which a cheque can be written and an update on the Big Mac index with a political twist.
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Jun 18, 2012, 12:00 PM
We cannot keep mulling over Europe; will Greece leave the Euro? Will it stay? Can Germany fund all of this? What about the Greek Elections? All that can be said is, as best it can, the market has absorbed all of these questions and the underlying factors. So, as the experts say ‘it is already priced in’.
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May 10, 2012, 3:53 PM
OK, here we go again! As I am writing this the Greek government is unable to manufacture a coalition and the French have, unsurprisingly, moved to elect a President that has promised no/lower austerity measures. Yesterday the world stock markets trended lower by between 1 and 2% as market traders tried to work out the consequences of these developments.
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Apr 8, 2012, 3:21 PM
Many will know that I serve in a volunteer capacity on the board of the Financial Intermediaries Association (the FIA). I also chair their Financial Planning Sub-committee. The FIA is the trade association which looks after the interests of the financial intermediary community, their interaction with clients, the industry and the authorities in Southern Africa. In this role, the FIA provided contributions to a recent request for input from the Financial Services Board (FSB).
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Mar 9, 2012, 12:34 PM
Last month, I dedicated this one-pager to the looming dividend tax. What actually hit us at budget time last month was a tax rate 50% higher than what had originally been expected, 15% instead of the expected 10%. Why then is it that the new dividend withholding tax, introduced at 15% in replacement of STC at 10%, is budgeted, by Treasury, to lose R1,9 billion in revenue?