Posts Tagged ‘wealth’

The Power of Income Notes in an Investment Portfolio

For me as head of Carrick Wealth’s Investment Strategy, it is really satisfying when a key building block in our portfolio construction performs as planned during a market selloff. This building block is called an income note which is a subset of the broader category of structured notes. Historically used by ultra-high-net-worth individuals and family…

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Moody’s Downgrades South Africa to Junk

Moody’s Investors Service issued its junk status rating after close of trade on Friday 27th March, stripping South Africa (“SA”) of its last remaining investment-grade rating. SA’s international credit rating is now below investment grade by all three credit rating agencies, namely Moody’s, Fitch and Standard and Poor’s. The move was expected in the face…

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Coronavirus – Update

We don’t yet know how dangerous the new coronavirus disease (COVID-19) that was first reported in Wuhan, China, on 31 December 2019 is, and we won’t know until more data becomes available. What we do know is that the probability of dying if infected by the virus is significantly higher for vulnerable members of the…

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#Budget2020: Budget Highlights

The 2020 South African Budget delivered by Treasury yesterday is focussed on doing the right things: Directly addressing the elevated civil service wage bill by cutting it, rather than increasing taxes. Rebalancing expenditure towards capital from consumption; and Being mindful of negatively impacting economic growth amid its fiscal consolidation efforts.   Budget Framework The main…

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Time to hold your breath…it’s Budget week

Hold on to your seats and your wallets – it’s Budget week and whichever way one looks at it, it’s bound to be something of a roller-coaster week, particularly for the rand. Markets and investors are losing faith in the reform narrative and promises of President Cyril Ramaphosa’s government, whether justified or not. Having been…

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Death, Tax and more Tax

Unfortunately for South Africans, after death and taxes a third certainty affecting us is our ever-increasing tax rates. With the budget speech around the corner, tax increases are again front of mind. It is no wonder then that our investment decisions are so often driven by an overwhelming desire to save taxes. Enter Section 12J…

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Carrick Wealth Botswana Is Open For Business

We are really excited to announce the opening of Carrick Wealth Botswana in Gaborone. Our teams have been working diligently to put the groundwork in place, and this first week in October we have been given the go-ahead to operate. This honour marks the opening of our sixth office within 24 months –  and our…

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For COVID-19 updates, visit the South African Government's official portal www.sacoronavirus.co.za