On 13 February 2020 the biggest concerns facing South Africans were Eskom and SAA, the inevitable Moody's sovereign rating downgrade and a severely stretched fiscus. A month later, on 15 March, President Cyril Ramaphosa declared a national disaster. The arrival of Covid-19 in South Africa has changed everything.
Amid unprecedented volatility in global and local financial markets, Moody's (one of the three major credit ratings agencies) downgraded South Africa's sovereign credit rating to sub-investment grade while maintaining a negative outlook. The downgrade had been foreseen for some time as Fitch and S&P (the other two major agencies) both downgraded South Africa to sub-investment grade in 2017.
Few would argue that the foundation of successful investing hinges on a deep understanding of the global macro-economic environment.
A staggering 80% of global GDP is now generated in cities around the world.
The world of offshore investing opens the door to a variety of interesting and sometimes intriguing considerations. For example, should investments be held directly by an investor or should an offshore estate planning structure be used?
Three years and seven months after 52% of Britons voted to leave the European Union (EU), the United Kingdom (UK) ceremonially cut ties with the EU on the evening of 31 January 2020.
According to the Chinese zodiac, when the Chinese New Year began on 5 February this year we entered the Year of the Pig. By all accounts this promises to be a period of success in all spheres of life.
Giving is a deeply personal choice, one which motivates individuals to donate to causes that are close to their hearts. Given the intimate nature of giving, the act of philanthropy touches both the giver and the receiver.
For many wealthy South Africans buying a home abroad is becoming an increasingly popular way to invest for the future.
For ultra-high-net-worth families with complex business and fnancial structures, the family offce has long been a way to manage their affairs. Among the oldest is the family offce founded by famous American oil baron John D Rockefeller in 1882 to administer his family's businesses and philanthropic initiatives.