Financial literacy is often talked about, but not always understood. It has little to do with whether you understand what people are saying on the financial news, but rather whether you have the knowledge to make good choices with your own money. Put another way, it’s a household survival skill that everyone can master. In this article, we look at five simple questions that provide a road map to financial literacy.
Over time, investments accumulate, and portfolios can become way more complicated than you intended. Individually, the holdings may look perfectly sensible, but together they can create unnecessary overlap, hidden risks and unintended concentrations. A review is a great way of helping you to see the bigger picture. Once you understand what you own, you can decide whether each investment still has a role to play.
When families, assets and investments span borders, wealth planning gets more complicated. Different tax regimes, legal systems and family circumstances all need to be considered. Coordinated professional advice, the right trustee and clear communication between generations are the secret to keeping your wealth structures fit for purpose and protecting family wealth for the future.
South Africa’s Medium-Term Budget Policy Statement did what bond investors were hoping for: a firmer fiscal anchor, a buyback and lighter auction supply sent yields lower. The equity market, preoccupied with the global AI sell-off, oil and a weakening consumer, had a mixed reaction, with consumer shares taking a knock on lower growth expectations. The difference in the responses of bonds and equities is a reminder that a budget is a credit event before it is a growth event, whereas equities are more sensitive to the GDP growth outlook.
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