The Monetary Policy Committee (MPC) of the South African Reserve Bank unanimously voted to cut interest rates in July. This will reduce the repo rate by 0.25% to 6.5%. The repo rate is the rate at which banks borrow from the Reserve Bank. The decision by the Reserve Bank to reduce the repo rate will

Verskillende studies plaaslik sowel as internasionaal het bevind dat huishoudings/families wat gebruik maak van finansiële adviseurs se dienste se persoonlike finansies beter presteer as dié daar sonder. Risiko bestuur is, in hierdie verband, een van die belangrikste bydraes wat ‘n finansiële adviseur kan maak. Met inligting wat daagliks gratis en in oorvloed beskikbaar is, word

We herewith provide you with our Memorandum of Opinion with regards to a South African citizen working abroad and the dual tax residency test in South Africa and France. THE FACTS Mr. x moved to France in June 2019 on permanent employment. Mr. x will keep his residential property in the RSA while he will

4 Enemies of Wealth Creation.

Monday, 08 July 2019 by

“You cannot defeat your enemies before you know who they are.” – Anthony Horowitz Investors generally see political-, economical factors or the under-performance of their investments as the main reason that they struggle to build their wealth. The truth is that although these factors do play a part in detracting from wealth creation, there is

The new ASISA Retirement Savings Cost (RSC) Disclosure Standard comes into effect from 1 September 2019. The Standard will require umbrella retirement funds to present all their costs in a standardised manner. Advisers and employers can now compare like for like when considering quotations from different funds. At Bovest we believe this is a very

Tydens Bovest se Ivory Manor-funksie het verskillende sprekers en vraestellers dit beklemtoon dat dit tyd gaan neem om die ekonomie in Suid Afrika te normaliseer. Die omvang van die skade wat die Zuma –regering aan ons ekonomie gedoen het, gaan nie spoedig herstel word nie. Die hoof spreker van die aand, Bonang Mohale -CEO Business


Tuesday, 28 May 2019 by

Die Internasionale politieke gebeure die afgelope 2 weke het beleggers se portefeuljes nadelig geraak a.g.v. die handelsoorlog tussen die VSA en China.     Vir die periode 1 Januarie 2019 tot 1 Mei 2019 het die Johannesburg Stock Exchange (JSE) met 14.2% (of 7264 punte) gestyg en beleggers het gewonder watter gebeure die groei tendens

Hereby, Bovest Wealth invites you to our Function to be held on Monday 10 June, at the Ivory Manor Boutique Hotel in Pretoria from 18:00 for 18:30 to 20:30. After the National and Provincial elections took place on the 8th of May, we got asked a number of questions regarding the future of SA and

The dog and his reflection

Tuesday, 07 May 2019 by

Simple stories, timeless lessons…     The dog and his reflection | Greed can lead to costly, foolish behaviour     A dog was crossing a plank bridge over a stream with a piece of meat in his mouth when he happened to see his own reflection in the water. He thought it was another

South Africans will be voting on Wednesday, 8 May, in what is probably the most important general election since the dawn of democracy in 1994. While there is little doubt that the ANC will emerge victoriously, a more important question for SA and for investors is the margin of that victory. Below, CEO of Anchor