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South Africa still has, strangely enough, exchange controls limiting the ability of residents to invest their own money outside of South Africa. This limits residents’ ability to diversify the country risk.
Insurance is a complex discipline, as are most issues of health funding. It is important, in complex matters, to isolate the issues so that each of these can be addressed and once this is done, holistic solutions can be found. The issues need to be demarcated. Unfortunately this does not happen often.
In most countries municipal tax issues generally do not receive much attention. In South Africa, however, there are a number of matters of considerable concern regarding municipal cash gathering. We now look at one example.
Years ago a joke was doing the rounds and recall that it is said that there is much truth in jest. This is true of this joke. Because of its relevance, we call it the parable of the lost money;a story containing significant lessons.
As an adviser reading this article, which discipline do you find most important for retirement planning?