Daily Market Review

Daily Market Review

*Friday, 11 June 2021* US markets closed higher with the Nasdaq the biggest gainer on the day, the S&P500 closed at another record high. Consumer prices rose 5% in May, higher than expected and the fastest annual rate in 13 years. Jobless claims fell to 376’000 last week., continuing the positive trend. The 10-year U.S….

Listed Securities Watch List

Listed Securities Watch List

LEWIS GROUP LTD (LEW:JSE) Business Profile Lewis Group Ltd. engages in the retail of household furniture and electrical appliances through its trading brands: Lewis, Bears, and Best Home and Electric. It operates through the following segments: Lewis, Best Home and Electric, Bears, UFO, and Group. The Lewis segment sells a range of household furniture, electrical…

WHAT DOES THE TAXATION LAW AMENDMENT ACT (TLAA) MEAN FOR EXPATS’ RETIREMENT ANNUITIES?

WHAT DOES THE TAXATION LAW AMENDMENT ACT (TLAA) MEAN FOR EXPATS’ RETIREMENT ANNUITIES?

What is the TLAA? In the past, expats were able to withdraw their retirement funds after completing their financial emigration process. The most recent changes to the Taxation Laws Amendment Act (TLAA) now make it compulsory for South African citizens to prove, according to SARS’ residency tests, that they have been a non-resident for three…

Investing in your views and values: A case for ESG investments

Investing in your views and values: A case for ESG investments

We are experiencing a point in time where individuals and large institutions have been allocating more of their portfolio values in line with investment strategies that adhere to some degree of Environmental Social Governance criteria (ESG). More commonly known as ‘sustainable’ or ‘green’ investing. According to the 2018 Global Sustainable Investment Review there has been…

Listed Securities Watchlist

Listed Securities Watchlist

CLICKS GROUP LTD (CLS:JSE) Business Profile Clicks Group Ltd. operates as an investment holding company, which engages in the retail trade of healthcare products. The company operates through the Retail and Distribution segments. The Retail segment comprises Clicks, health, beauty, and homeware retailer; Claire’s, retailer of jewelry and accessories; GNC, retailer of health and wellness…

Why you should not be afraid of Cryptocurrency: All you need to know

Why you should not be afraid of Cryptocurrency: All you need to know

Currency of the future Before the US, there were only five other nations that had ‘reserve currency’ status, dating back to the 15th century, namely Portugal, Spain, Netherlands, France and Britain. On average, their ‘reserve currency’ status lasted for 94 years. The US Dollar is heading for 101 years as reserve currency in 2021. Although…

AMENDMENTS TO EMIGRATION LAWS IN SOUTH AFRICA WITH RESPECT TO RETIREMENT PRODUCT

AMENDMENTS TO EMIGRATION LAWS IN SOUTH AFRICA WITH RESPECT TO RETIREMENT PRODUCT

The new Tax Amendment Act introduces some significant changes to the definition of financial emigration. Under the new definition, financial emigration means a person’s tax status changes from being a South African resident to a non-resident. The current laws allow for withdrawals from retirement annuities and preservation funds in the event of a financial emigration…

Ways To Build Your Wealth

Ways To Build Your Wealth

It gives me goosebumps just thinking about it. The power of compound interest is absolutely astounding. When a good friend of mine who owns a photography business wanted to start investing into his own Roth IRA through me I was excited for him. I immediately thought of how we would spend our retirement years reveling…