Nedbank Private Wealth, which enjoys just under a fifth of the private-wealth market share in South Africa, says there is a dramatic shift underway in the demographics of high-net-worth individuals (HNWIs) in the country.
Issued by Epic Communications 10 Dec 2014 12:24
We live in a world, and for South Africa this is particularly prevalent, where the regulatory environment is extremely taxing (pun mostly intended). There are various technical aspects of the laws, regulations, codes and standards (regulations) that we could write volumes about, but consider from afar the effects of these regulations on companies in South Africa, the cost of not complying, potential internal issues and the opportunities presented.
South Africa is currently in deep deliberation on how to create tomorrow's legacy in comprehensive social security. While policy-makers pursue sustainable retirement reform, this does not preclude the citizens of South Africa from addressing their own retirement needs. Personal financial planning should continue regardless, to ensure that saving towards retirement remains a personal contribution that citizens are willing to make towards their golden years.