Category: Publications

Share this! Trading in bitcoin, ethereum? SARS wants its share  Spare a thought for cryptocurrency traders. 10 April 2018 08:08   /  By  Wouter Fourie – Ascor® Independent Wealth Managers   Spare a thought for cryptocurrency traders. Not only has the value of coins such as bitcoin and ethereum been on a rollercoaster ride, but now the South African…

Share this! South Africa’s tax chief suspended By Tom Carnegie, 20 Mar 2018   In a bid to boost investor confidence, South Africa’s new president Cyril Ramaphosa has suspended the head of the tax service after he refused to resign. Ramaphosa suspended Tom Moyane after he refused to voluntarily resign as commissioner of the South African Revenue…

Share this! The hole in your back pocket Budget 2018,  22 February 2018   The 2018/19 national budget was delivered by Finance Minister Malusi Gigaba on 21 February.  This year the minister had to make some difficult decisions to address the country’s budget shortfall and to fund the proposed free higher education.   The harsh reality…

Share this! Financial Planning for Child’s studies Martin de Kock   How do you best plan for your child’s studies? This is especially pertinent if you are planning to send him, her or them to university after school.   In this Afrikaans podcast, Ascor director and financial planning specialist Martin de Kock chats to Ingé…

Share this! Does it make sense to contribute after-tax money to a pension fund? Ingé Lamprecht     Since March 1, 2016 tax deductible contributions to pension funds, provident funds and retirement annuities have been capped at R350 000 (or 27.5%) per annum. While high-net-worth individuals who previously contributed more than R350 000 to these…

Share this! What constitutes bad financial advice? Maya Fisher-French, Fin24   Due to the recent poor performance of living annuities, City Press has been receiving complaints from investors who claim they received bad advice and want to cash in the investment.   This comes down to a question of good or bad advice, which is…

Share this! It’s risky to use retirement capital to start a business By Martin Hesse Personal Finance   There are essentially two types of people who would consider using their retirement savings to start or buy a small business: youngish people with an entrepreneurial spirit who want to escape the corporate world, perhaps with an…

Share this! Grandparent’s funds: A tax- and cost-efficient strategy By Martin de Kock (CFP®)   Question: I have an ailing grandparent (80 years old) with R20 million in total cash in a money market fund. They require a small monthly income (R5 000) and would like their beneficiaries to inherit directly at their death, which…

Share this! Your easy guide to offshore investing By Wouter Fourie is a certified financial planner (CFP®) and a director of Ascor® Independent Wealth Managers.   Why invest offshore?  South Africa represents less than 1% of the world economy and restricting yourself to local investments means you will lose the opportunity available to invest in…