Half year market update Despite all the doom and gloom in 2017, the JSE ALSI returned 20.95% last year. Heading into 2018 there was a sense of excitement with every South African feeling a sense of “Ramaphoria”. Sadly the rally around this new found sense of optimism has seemed to run out of steam. As at the 31st of May the JSE ALSI had declined by 4.4% giving back a

Drawdowns and how they impact your investment? Drawdowns can present very significant and devastating risks to investor’s portfolios when considering the returns required to fully recover from a loss. The underlying fund in the investment will determine the potential drawdown that an investor may be faced with. It is important to remember that with higher returns comes higher risk and the potential for greater losses. Let us look at the

Estate Duty Planning Estate duty is payable on the estate of every person who dies and whose net estate is in excess of R3.5 million. Estate duty is charged at a rate of 20%.  For those individuals with estates over the value of R30 million estate duty was recently changed to 25%. Estate Duty comprises the total of all the property (fixed property, business interest and investments) and deemed property