South African companies are battling the pandemic and recession – Companies in key industries and coping with the unprecedented crisis

An article by Moneyweb (2020) has reported on the various business sectors in South Africa and their responses to coping during the COVID-19 Pandemic and lockdown restrictions since March. In this time, the South African economy has suffered the longest recession in 28 years, with millions who have lost their jobs. Banks The demand...

Financial anxiety is up around the globe – Moneyweb Surveys (2020) suggests that many people are perilously unprepared for a major economic jolt

As the world reels from the economical shockwaves of the COVID-19 Pandemic, surveys (Moneyweb, 2020) suggest that we are unprepared for a major economical shock. The following statistics were taken from the Organisation for Economic Cooperation and Development’s 2020 International Survey of Adult Financial Literacy. 42% of the 125 787 adults selected “worrying about...

Safar 1442

Literal meaning: “Empty” During this month, the houses used to be empty and deserted because the ban on going to war in the month of Muharram came to an end and everyone proceeded towards the battlefield. Safar also means to be yellow. When the names of the months were being given, it was the...

There’s more than one benefit in this for you

Endowments are often overlooked when it comes to portfolio planning, but they offer many benefits to investors. Endowments are investment ‘wrappers’ around underlying investments in equities, property, bonds and cash that offer tax and estate planning benefits, especially to people in a 30%-plus tax bracket. Originally considered expensive, inflexible and opaque, decreases in cost,...

Are financial planners missing a trick?

Tax Fee Savings was introduced through legislation in March 2015 and is a new type of savings vehicle where savings could accumulate tax free and to encourage a culture of savings in South Africa. There are many advisers out there who are not making use of this fantastic product in their client’s portfolio. Out...

Weather the storm of low returns

You can’t fix a slump – stay with it – because feeling a tad disillusioned by your investment portfolio is a sign of the times, says Eugene Visagie of Morningstar Investment Management SA (MIMSA). For the best part of five years, investors could be excused for thinking they’ve been hitting the replay button on...

Laylatul Qadr-The Night of Decree!

Allah Ta’ala in His infinite Mercy has favoured us in so many ways. Such blessings that we cannot possibly enumerate nor show sufficient gratitude to the Almighty. Amongst the many blessings include a very special GIFT..Laylatul Qadr- The Night of Decree. It is an opportunity to gain closeness to our Creator, forgiveness of our sins and an elevated position in Jannah (Paradise). The Night of Power is...

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