Urgent: Changes in the Trust Property Control Act (57/1988)
I refer to my letter dated 26 October 2022 about the Administration and Maintenance of Trusts. Further requirements now need trustees to take immediate action. The Department of Justice and Constitutional Development issued a special Regulation Gazette No 11566 in Government Gazette No 48351 on 31 March 2023 after normal business hours. The Gazette contains […]
Dringend: Veranderinge in die Wet op Beheer van Trustgoed (57/1988)
Ek verwys na my brief gedateer 26 Oktober 2022 oor die Administrasie en Onderhoud van Trusts. Verdere vereistes vereis nou dat trustees onmiddellik optree. Die Departement van Justisie en Staatkundige Ontwikkeling het op 31 Maart 2023 na normale besigheidsure ‘n spesiale Regulasiekoerant No 11566 in Staatskoerant No 48351 uitgereik. Die Staatskoerant bevat die wysigings aan […]
Spotlight on American banks
Again – American Banks It has been a whirlwind start to the month of March 2023, where bank failures in the US sparked global investor panic. Two banks, Silvergate and Silicon Valley Bank (SVB), reported losses due to bond sales required to service significant deposit withdrawals. Customers started to panic because of this, which led […]
Kollig op Amerikaanse banke
Weereens – Amerikaanse banke Dit was ‘n warrelwind begin van Maartmaand 2023, waar bankmislukkings in die VSA wêreldwye beleggerspaniek ontketen het. Twee banke, Silvergate en Silicon Valley Bank (SVB), het verliese gerapporteer weens verbandverkope wat nodig is om beduidende deposito-onttrekkings te bedien. Kliënte het paniekerig begin raak as gevolg hiervan, wat gelei het tot ‘n […]
Business Planning for Clients
Introduction: I am a Fiduciary Practitioner of South Africa® and a Certified Financial Planner® and have been fulltime in the financial planning industry since 1 March 1992. I am the owner/indirect owner of the Paarl African Advisory (FSP 52180) and Paarl African Trust (Fiduciary Services Company) and I am indirectly one of the largest shareholders […]
Administration and Maintenance of Trusts
The South African Revenue Services are conducting audits and is zooming in in the administration and taxation of trusts. It is a known fact that the validity of trusts is merely determined by valid resolutions rather than updated annual financial statements. Many rulings in court cases in the past are only a proof of this […]
Administrasie en Instandhouding van Trusts
Die Suid-Afrikaanse Inkomstediens is besig om oudits te doen en ondersoek in te stel oor die administrasie en belasting van trusts. Dit is ‘n bekende feit dat die geldigheid van trusts bloot deur geldige trustee notules bepaal word eerder as bygewerkte finansiële jaarstate. Baie uitsprake in hofsake in die verlede is slegs ‘n bewys hiervan […]
Langboomboekie
Een van ons kliënte het sowat ‘n week of twee gelede by my besoek afgelê by ons Moorreesburg kantoor. Die oggend was daar blykbaar op die RSG radiostasie ‘n gesprek oor waar mens jou belangrike dokumente moet bewaar en die woord “Langboomboekie” is toe genoem. U weet ons bied al jare lank die geleentheid aan […]
Langboomboekie – English
One of our clients visited me at our Moorreesburg office about a week or two ago. That morning there was apparently a conversation on the RSG radio station about where to keep your important documents and the word “Langboomboekie” was then mentioned. You know we have been offering our clients the opportunity for years to […]
Disciplined investing – Five principles to follow
What does investment discipline mean to you? Having a long-term investment plan on its own is not enough. Cultivating the right behaviours is integral to achieving your long-term outcomes. You need to stick to a few core principles to achieve long-term success. Despite our best intentions, many of us focus on the wrong things. We […]