The Taxation Law Amendment Act of 2020 was signed into law by the President on 20 January 2021. This has enacted the long-awaited legislation which provides for the same annuitisation rules that apply to members of pension funds, pension preservation funds and retirement annuity funds, to be applied to members of provident funds and provident preservation funds, after 1 March 2021 (T Day)...

Our purpose at Orbis is to empower our clients by enhancing their savings and wealth. We are convinced that if we focus on earning and retaining the trust and confidence of our clients - by adding value through our investment decisions and aligning our interests with theirs - we can translate our passion for investing into making a meaningful difference for our clients, ourselves and our communities over the long term. By design, we are also careful to ensure that our interests are similarly aligned at times when we fail to deliver on our aspirations.

On July 31, the National Treasury and South African Revenue Services (Sars) released a draft of the new Tax Laws Amendment Bill (TLAB). The proposed law changes again effectively proved to be another move from the government to get their hands on retirement funds. Please note that for the purpose of this article, retirement funds include, pension preservation, provident preservation, and retirement annuities...

The lines between financial services and technology firms have blurred to the point that previously distinct sectors are colliding. Financial services companies are using technology to sharpen operational efficiency, lower costs, improve customer experience and heighten the appeal of their products and services. Investment managers, Independent Financial Advisers (IFAs) and bankers have started deploying fully customised robo-advice or computer-automated investment platform processes. The question is no longer whether fintech (financial technology) will transform the financial services sector, but which firms will apply it expeditiously and emerge as leaders. According to...

The mindset of 'making your money work for you and not just working for your money' is difficult to embrace for most people in South Africa living from one pay check to the next...