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Understand the new rules around citizenship, exchange control and tax residency (By: Allan Gray)

The concept of “emigration”, as recognised by the Financial Surveillance Department of the South African Reserve Bank (SARB), has been phased out, with effect 1 March 2021. National Treasury has indicated that the reason for this regulatory change is “to encourage South Africans to keep their ties with the country”. The phasing out of emigration…

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How the 2014 Budget affects you

Nedgroup Investments explains how the 2014 budget affects you:  Pravin Gordhan’s 2014 budget speech didn’t deliver many surprises, but there are a few changes and proposals that may affect you. This article outlines the most significant changes put forward. Income tax There is a general reduction in income tax payable, but the impact of the…

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Notes to a concerned Investor

Dear Investor Please note the following points when considering whether or not to invest: • It is highly probable that the expectation of a sudden spike in interest rates is overdone and as a result property stocks may recover and certain cash flush retailers may continue to climb • The stock market cannot be grouped…

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Kanan Wealth believes #SavingIsCool

Stuart Kantor provides useful tips on how to save. I don’t know the stats, but it is a very real fact that the majority of South Africans cannot afford to retire and the current employed majority will also not be able to afford to retire. Yes, from a net worth perspective, South Africa has a…

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Compound Interest: The Wealth of Patience

“The stock market is designed to transfer money from the active to the patient.” – Warren Buffett The Value of Compounding Compounding, in the words of Piet Viljoen, a prominent South African fund manager, is your only friend in the market. Compounding is one of the few factors over which you have influence and which…

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What makes Kanan Wealth different?

Sometimes doing nothing is more important than doing something. We believe that return profiling is more important than risk profiling. The herd matters but what matters more is your position within. We are insurance nerds and are totally okay with not always recommending the cool product. We plan around probabilities and don’t play on your…

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The Future is Now

Dear KANAN WEALTH CLIENT Hopefully through your encounters with the Kanan Wealth team you have gotten a sense of how passionate we are about offering sound financial advice. At the core of our Raison d’être is a rich understanding of the power of money as an enabler, Furthermore, we are also very much aware of…

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