Two-pot retirement system: A pivotal change for SA pension funds
The highly anticipated two-pot retirement system was introduced in September, leading many South Africans to withdraw and spend with enthusiasm. Prior to its rollout, I had a conversation with Caroline Naylor-Renn, COO of 10X Investments, to discuss its mechanics. We also delved into its impact on retirement savings and its potential for the future.
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Summers takes decisive action at Pick n Pay
The year commenced with disappointing performance for Pick n Pay, and in February, new CEO Sean Summers revealed plans to list Boxer by the end of the year. During this period, I examined the concerning results with Faheema Adia from Momentum Securities. We also analyzed Boxer’s business model and its potential market valuation.
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Transaction Capital’s unbundling encounters hurdles
This has been a challenging year for Transaction Capital; however, the unbundling of WeBuyCars provided some relief to its shareholders. Soon after the listing, I spoke with Jimmy Moyaha when the shares were struggling, asking about the potential worth of WeBuyCars. He expressed optimism at that time, and the stock has since experienced significant growth.
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Exploring Section 18A of the tax code
In South Africa, donations tax allows an exemption for the first R100,000. Nonetheless, Section 18A of the tax code permits a 10% deduction on donations made to recognized public benefit organizations. I spoke with Neill Hobbs from Hobbs Sinclair Advisory about the particulars and how taxpayers can claim this deduction.
You can also listen to this podcast on iono.fm here.
Future of the rand against the dollar
This year, the rand has seen fluctuations, yet overall it has shown only slight weakening. I discussed projections for the rand with Petri Redelinghuys from Herenya Capital Advisors. He noted that R16.82/$ may be achievable, but it’s crucial to keep an eye on the US$ Index (DXY), as many rand movements are linked to dollar variations.
You can also listen to this podcast on iono.fm here.
