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Ok. Got itWe remain committed to giving you objective, sound advice and connecting you to more ways to manage and keep track of your wealth in a secure and convenient way. Read more in our latest newsletter.
While many hoped for a more tranquil start to the year following a turbulent 2020, the year kicked off with what seems like more of the same: constant change. Various mutations of Covid-19, vaccine rollout challenges and controversies, US politics, ongoing local lockdowns, load-shedding, speculative trading – it is hard to keep track of the developments in an environment where the status quo seems to change overnight. We take a closer look at some of these events in our international market review featured in this edition. Despite the ongoing uncertainty, there is a lot we can control – and that is what we are focusing on as a business. We remain committed to giving you objective, sound advice and connecting you to more ways to manage and keep track of your wealth in a secure and convenient way.
For most of us, one of the key learnings from 2020 was how unpredictable life can be. None of us can predict or control the future and things can change quickly. But this doesn’t mean we are completely powerless in managing the impact of possible future events. Having the right insurance solutions in place can help you deal with the unexpected. In addition to insurance, there are many actions you can take today to take care of tomorrow.
If you have dependants, having peace of mind that they will be provided for when you are no longer around is most likely top of mind. If you are a business owner, the right legal and business ownership structure will manage the impact of your or your business partner’s death on your employees and suppliers. In this edition, we explore the available estate and tax planning tools and business structures in detail.
The topic of how to encourage much-needed investment into South Africa has been top of mind this week in anticipation of the 2021 Budget Speech. Loop structures, where South Africans who have taken funds offshore can reinvest back into South Africa, is one way to boost investment into the country. Our experts explain what the recent lifting of the restrictions on loop structures means in practice, and the related tax consequences.
As we are all aware, the pandemic has forced us to be creative and to embrace digital platforms in our daily lives. For the social sector, Covid-19 and lockdowns have put immense pressure on non-profit organisations (NPOs), both in terms of financial sustainability and meeting the growing needs of communities. We are therefore very excited to introduce the Nedbank Private Wealth Innovation Awards, which aim to recognise innovative South African NPOs that are able to demonstrate resilience and show how they have leveraged technology over the past 10 months. Supporting South Africa’s philanthropic sector has always been a key focus area of our business, whether through helping our clients structure their giving for optimal impact or introducing or supporting sectorwide initiatives like these awards.
In November, we launched a campaign aimed at raising awareness about the importance of retirement planning and the available investment options, with a specific focus on tax-efficient solutions. As part of this campaign, we made available a range of short videos on different aspects of retirement planning, featuring internal and external experts. You can access the videos here. I encourage you to watch the ones that are relevant to you, and to engage with your wealth manager with any questions you may have about the available options or your own retirement plan and whether you are on track.
And, on the subject of digital resources, remember to keep an eye on our upcoming webinars to benefit from expert insights on a range of relevant topics.
Enjoy the read and I wish you and your loved ones good health, happiness and prosperity for the remainder of the year.
Marilize Lansdell
Managing Executive: Wealth Management