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Simeka Consultants and Actuaries: Budget Review 2023

Simeka Consultants and Actuaries: Budget Review 2023

The Minister of Finance presented the 2023 budget to parliament on 22 February 2023. He indicated that revenue collection remained strong in the past year and the medium-term outlook has improved slightly. The 2023 Budget includes several tax proposals designed to...

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Where will financial markets take investors in 2023?

Where will financial markets take investors in 2023?

Investors will remember 2022 as a particularly difficult year in financial markets. For only the third time in a century, both equities and bonds posted negative returns in the United States (US). The fundamental tenet of risk diversification did not hold true in...

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Simeka – Markets at a Glance

Simeka – Markets at a Glance

Simeka - Markets at a Glance as at 31 January 2023 This publication provides a monthly review of major indexes, important macroeconomic indicators and an overview of the highs and lows of the stock market for the period. Read online here

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Medical aid cover after retirement

Medical aid cover after retirement

Content contributed by Simeka Health The cost of provision for medical cover after retirement is underestimated worldwide and very few employers still provide any form of subsidy to employees after retirement. Until we start doing the maths and understand what...

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The two-pot system – A game changer?

The two-pot system – A game changer?

By Freddy Mwabi, Consulting Actuary It is an undisputed fact that the Covid-19 pandemic and ensuing lockdowns have left a mark on the economic health of many South African households. The SA SMME Covid-19 impact report published by Finfind in November 2020...

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Muslim Marriages – Impact on  retirement funds

Muslim Marriages – Impact on retirement funds

by Mpho Kgomongoe, Legal and Technical Specialist In 28 June 2022, the Constitutional Court confirmed the order granted by the Supreme Court of Appeal (SCA) that declared certain sections of the Marriage Act 25 of 1961 (Marriage Act) and the Divorce Act 70 of 1979...

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