As we approach the end of the tax year, now is an ideal time to make a few strategic adjustments that can strengthen your financial position. 

These steps are simple, high-impact, and designed to help you make the most of the tax incentives available to South Africans.

Read on to make sure you end the tax year right.

For decades, South Africans have been told to use a simple formula to figure out how much money they will need in retirement: multiply their annual expenses by 25. 

But retirement is different now. People live longer. Inflation is less predictable. The markets are less stable. And the way people spend money is changing.

Luckily, we’ve got your back. 

As investors, we worry about all sorts of things: the state of the economy, the rand, the gold price, and how different funds are performing. But none of these things has as much impact as something we think about a lot less – time.

In this article, we look at why time is the most important consideration in financial markets, based on a lesson we can all learn from perhaps the greatest investor of them all – Warren Buffett.

An eventful and eye-opening January served as an early warning for investors. Peace of mind is off the table for now and policy uncertainty, geopolitical shocks, and rapid sentiment shifts are likely to define the year ahead. 

Historical analysis shows that volatility, while decidedly uncomfortable, is inevitable and doesn’t need to derail long-term investment strategies. You just need to put in place the guardrails to ensure your investment framework is resilient to change.