NEWS YOU CAN USE – South Africa’s Unclaimed Billions: Could You Be Owed Money?

Billions of rands remain unclaimed in South Africa across pension funds, insurance policies, unclaimed dividends, and dormant bank accounts. The Financial Sector Conduct Authority (FSCA) estimates that approximately R88.56 billion is sitting unclaimed, often due to outdated contact details, administrative errors, or lack of awareness by rightful owners and beneficiaries. Many people change jobs without claiming […]
CONGRATULATIONS to Gavin Harvey! Chosen as one of Citywire’s Top 50 Advisers in South Africa.

For Gavin Harvey, financial advising has never been just about the numbers—it has always been about the people. His career, spanning over 40 years at PW Harvey & Co., has been built on trust, integrity, and an unwavering commitment to helping clients secure their financial future. Recently named one of Citywire’s Top 50 Independent Financial […]
NEWS YOU CAN USE – The seven different generations commonly recognised.

1. The Greatest Generation (born 1901 – 1927) This generation lived through the Great Depression and World War ll. They are characterized byresilience, sacrifice, and a strong work ethic. Many of them were directly involved in the war effort. 2. The Silent Generation (born 1928 – 1945)Coming of age during the post-war era, the Silent […]
Navigating Today’s Insurance Landscape: Strategies for Clients

Navigating Today’s Insurance Landscape: Strategies for Clients As we progress through 2024, the insurance industry is navigating a landscape shaped by several pivotal factors, each presenting unique challenges and opportunities for both insurers and their clients. Climate Change and Its Impacts One of the foremost challenges facing insurers is the escalating impact of climate change. […]
Challenges faced by South African Taxpayers with SARS’ updated eFiling Security Protocols

Challenges faced by South African Taxpayers with SARS’ updated eFiling Security Protocols The South African Revenue Service (SARS) recently altered its protocols, significantly impacting taxpayers and tax practitioners. Previously, tax practitioners could update a taxpayer’s identification and eFiling security details under exceptional circumstances. Now, SARS mandates that taxpayers themselves must validate their eFiling profiles, even […]
From Batteries to Green Tech Powerhouse

BYD, founded in February 1995 by Wang Chuanfu, initially focused on rechargeable nickel–cadmium (NiCd) batteries. However, their journey has taken them far beyond batteries. BYD is now the world’s largest electric vehicle (EV) manufacturer. Their Han sedan competes directly with Tesla’s Model 3, offering affordability and impressive performance. Beyond EVs, BYD has diversified into other […]
News You Can Use: What is an IT88?

TAX BITES – Understanding the IT88 Many South African taxpayers find themselves facing administrative penalties from the South African Revenue Service (SARS) due to failure to submit their personal income tax returns. When taxpayers ignore notices or demands regarding these penalties, SARS can take action under Section 179(1) of the Tax Administration Act, No.28 of […]
The Grandfather Clause & Regulations 28

What is Regulation 28? Regulation 28 of the Pension Funds Act aims to reduce excessive risk on investor’s pre-retirement savings by limiting the exposure to certain asset classes. The main purpose is to ensure that member’s retirement savings provide them with sufficient income in retirement and do not face a high risk of large losses […]
Warning signs from SARS

SARS continues to warn taxpayers that they are targeting non-compliant taxpayers, and their information-gathering tools become stronger and stronger each tax period. SARS has recently made headlines with unexpected developments in its crackdown efforts. Some recent headlines: “SARS collects an unexpected extra R10bn” “As SARS crackdowns intensify, SA’s tax take surprises on the upside” “SARS […]
What is a Financial Index?

Financial indexes play a crucial role in the world of investing and finance. A financial index is a measure of the performance of a group of assets, providing a snapshot of market performance, investor sentiment, and economic conditions. It serves as a benchmark for evaluating investment performance and informing policymaking. Investors cannot directly invest in […]