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South Africa's small and medium businesses employ millions of people — yet most of their employees have little or no financial protection when life goes wrong.
A recent case involving the winding up of a high-value property estate — comprising a hotel and a portfolio of residential properties — has exposed a costly and often overlooked gap in South African estate planning: liquidity at death.
Too many South African households are just one lost income away from a financial crisis. A death, disability or serious illness can remove an income overnight while the bills remain.