Auto Added by WPeMatico
Liberty warns that clients are using general products for retirement, thereby missing out on tax breaks and long-term growth offered by retirement annuities.
Rowan Williams from Nitrogen Fund Managers and Chantal Marx from FNB Wealth and Investments believe Remgro is a good bet with a 2–3 year timeframe.
While UK fixed deposits erode wealth post-tax, Westbrooke’s Yield Plus fund offers stable, inflation-beating returns of 7% to 8% annually in pound sterling (pre-tax).
Unlike equations, the sequence of investment returns can make or break long-term wealth, especially for savers and retirees.
Banxso has vowed to appeal after the Western Cape High Court placed it in provisional liquidation.
A new report reveals that ICT-focused start-ups attracted most of the venture capital deployed in South Africa for the third consecutive year.