Wealth Counsel

Merry Christmas from the Wealth Counsel Team!

May your holidays sparkle with joy and laughter. Looking forward to another great year ahead!

Best wishes for a Happy Christmas and a prosperous New Year from our team to yours.

Happy Heritage Day!

The SA Reserve Bank takes centre stage this week when its monetary policy committee (MPC) is widely expected to raise interest rates for the fourth successive meeting.

ECONOMIC WEEK AHEAD: Reserve Bank’s rate decision and inflation to take centre stage The monetary policy committee is widely expected to announce a 50 basis point rise

South Africa’s Reserve Bank (SARB) is expected to raise interest rates to 4% at its Monetary Policy Committee (MPC) meeting on 27 January as part of an ongoing hiking cycle, a Reuters poll of economists shows.

18 of the 23 economists polled said the central bank would add 25 basis points (bps) to the repo rate this week, taking it to 4%, while the remaining five said the central bank would leave rates on hold. However, all five economists that expected the central bank to pause on 27 January predicted rates to rise in March.

Interest rate hike expected this week South Africa is likely to see at least three interest rate hikes in 2022.

Wishing all of our amazing clients a very Happy and Prosperous New Year! 🍾🎊

Happy Holidays from The Wealth Counsel. Wishing you and your family a wonderful Festive Season 🎅🎄

Clyde Rossouw - A knowledge of history can help identify factors that shape the global macroeconomic environment.

Rossouw is co-head of quality at Ninety One.

Rewind to look ahead: lessons learnt over 20 years of investing A knowledge of history can help identify factors that shape the global macroeconomic environment In a career spanning more than two decades, I have witnessed several market crises. These are the key investment lessons I have learnt: 1. Have a clear investment philosophy and process You can’t inves...

The SA Reserve Bank has raised the repo rate by 25 basis points, to 3.75%.

This is the first rate hike in three years.

Reserve Bank hikes the repo rate to 3.75% | Fin24 While the Monetary Policy Committee expects inflation to stay close to the mid-point over the forecast period, inflation risks have increased, said Reserve Bank Governor Lesetja Kganyago.

The investor of today does not profit from yesterday's growth ~ Warren Buffett

So why wait until tomorrow? http://www.wealthcounsel.co.za/

Happy Heritage Day South Africa! 🇿🇦

The South African Reserve Bank’s Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 3.5% per annum.

In a statement on Thursday afternoon (23 September) Reserve Bank governor Lesetja Kganyago said that the decision follows largely unchanged inflation expectations and even with continued upside risks, the committee expects inflation to stay close to the mid-point over the forecast period.

Reserve Bank keeps repo rate unchanged The South African Reserve Bank’s Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 3.5% per annum.

Meet the Team - Gareth Davies

My journey in Finance began over fifteen years ago. I graduated with a Bachelor of Commerce degree (Management and Finance majors), followed by a post-graduate Honours degree in Investment Management.

My Philosophy: Everyone’s economic and life situation is unique, and I keep that in mind when providing financial management advice. Our industry requires a long-term perspective, and I understand that my clients are the most important part of my company and that personalized service is essential when matching clients with the right financial products.
Once your custom-tailored financial plan is in place, we will continue working together to review achievements against your goals, and ensure you are comfortable everything is moving forward according to plan.

One of the most important tools to your personal estate planning is a properly drawn up Last Will and Testament.

We work in conjunction with Sentinel Advisory Services and Standard Bank Executors and Trustees in recording your wishes clearly and ensuring that all the possible legal caveats are covered.

Sentinel Advisory Services and Standard Bank Executors and Trustees also offer safe custody of your original document providing you with peace of mind.

We can assist with giving you peace of mind: https://www.wealthcounsel.co.za/our-specialities

The Reserve Bank’s monetary policy meeting will take place on Thursday (25 March), with South Africa’s repo rate expected to be maintained at a record low according to analysts.

What to expect from South Africa’s rate decision this week The Reserve Bank’s monetary policy meeting will take place on Thursday.

Do you have a Retirement Annuity?

​In our opinion, the retirement annuity is the primary retirement funding vehicle that all individuals should include in their portfolio.

It can be used in conjunction with corporate pension and provident funds; although the effect of tax must be considered.

The National Treasury has ensured that this vehicle is administered with favourable tax treatment, to motivate the individual South African to accelerate their retirement funding rates.

Get in touch with us today and see how we can assist: https://www.wealthcounsel.co.za/our-specialities

Wishing you all a very Happy Valentine’s Day!

Without love, the rich and poor live in the same house. ~Author Unknown

President Cyril Ramaphosa has signed the 3-year retirement fund lock-in into law as part of the Taxation Laws Amendment Act and it will become effective as from 1 March 2021. So, what does this mean?

Ramaphosa has signed a 3-year retirement fund lock-in into law - so what does this mean? | Fin24

South Africa’s Monetary Policy Committee (MPC) will meet for the first time in 2021, on Thursday (January 21), with economists anticipating the central bank to keep rates at a record low.

This, Bloomberg reported, stems from the South African government’s decision to only reimpose some coronavirus restrictions amid a second wave of cases, instead of introducing another hard lockdown.

What economists say about another rate cut for South Africa South Africa’s Monetary Policy Committee (MPC) will meet for the first time in 2021, on Thursday (January 21), with economists anticipating the central bank to keep rates at a record low.