Posts by Carrick Wealth

Take action to minimise the risk of current uncertainties

In the wake of the most recent ratings downgrades, a whopping budget deficit and the upcoming all-important ANC national conference, one word sums up South Africa at this moment in time: uncertainty. Just about the only certain thing it seems, is that in order to plug the huge budget hole, government will be increasing taxes…

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Investing offshore the only answer to SA’s latest credit ratings

As South Africa’s junk status saga continues to unfold, downgrade despair set in when all three of the major global credit ratings agencies published their latest decisions for the country late last week. All the reasons listed by the agencies for their decisions, link back to this: South Africa’s uncertain and unstable political situation coupled…

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Diversify offshore against uncertainty and instability

News headlines these last few weeks have again confirmed that we live in times of much uncertainty. While there is much social upheaval and political and economic uncertainty in many parts of the world, investors in particular in South Africa and the region are bombarded almost every day with negative news that makes them nervous…

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Carrick assist sees Schools Water Polo South Africa score a three-year deal

CAPE TOWN: Thursday, 9 November 2017 – Carrick Wealth Management, a leading, independent financial advisory service, has partnered with Schools Water Polo South Africa (SWPSA) in a three-year sponsorship of the annual Inter Provincial Schools Water Polo Tournament. Carrick Chief Executive Officer Craig Featherby said that supporting water polo was an obvious choice for two reasons:…

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UK pensions affected by Bank of England rate hike: what to do?

The decision by the Bank of England (BoE) to increase its benchmark interest rate for the first time in more than a decade, caused quite a stir, even though it had been widely anticipated. As usual there will be winners and losers. In reaction, financial experts and other commentators focused much on the implied pros…

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The Mini Budget: turning adversity into success

Delivering his maiden medium-term budget policy statement (MTBPS), or mini budget, South Africa’s latest finance minister, Malusi Gigaba, kicked the ball high into the air…but it landed nowhere. He simply delayed all the crucial budget decisions to some future date. The minister delivered a nicely crafted speech filled with frank acknowledgements of government failures and…

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