Innov8ions Financial Services

06/05/2025

Hairdressers, what would happen if you couldn’t work for a few weeks? Whether it’s a wrist injury, or illness, your income shouldn’t stop when you do. I help stylists like you get income protection that pays out after just 7 or 14 days off work — giving you peace of mind without breaking the bank. DM me “STYLE” or call Natasha on 074 731 1019 to get a quick quote and protect your hands and your income.

15/12/2023

13/10/2023

Foreigners flee SA stocks, sending volumes on JSE tumbling

Foreign investors have accelerated their (net) selling of equities on the JSE, with sales 40% greater thus far in 2023 than in the same period in 2022. To last Friday, non-SA investors sold a net R103 billion of equities, versus R73 billion in the first 40 weeks of last year.

Year to date, the JSE All Share Index (Alsi) is down 1.1%. (The flows picture for bonds, while still barely positive for the year, is down 70% versus 2022.)
Read more...
https://www.innov8fs.co.za/blog/2023/10/13/foreigners-flee-sa-stocks-sending-volumes-on-jse-tumbling/

26/08/2023

EXPLAINER | What is capital gains tax?

Capital gains tax (CGT) can make you liable for tax on a portion of the capital gain you make on the disposal of property, businesses, certain investments and other assets in any tax year.

CGT is not a separate tax. The taxable part of your gain is added to your taxable income and income tax is paid on it.
Read more...
https://www.innov8fs.co.za/blog/2023/08/21/explainer-what-is-capital-gains-tax/

18/08/2023

SARS knows everything about your bank account

A recent High Court case has shown just how much information the South African Revenue Service (SARS) has on taxpayers.

In CSARS v M, the revenue service won big in a case where the taxman challenged a taxpayer on what was on their tax return and bank account did not match.

Tax Consulting SA said that this case is a hallmark example of how SARS knows everything about your bank account and how to use the information against taxpayers.
Read more...
https://www.innov8fs.co.za/blog/2023/07/20/sars-knows-everything-about-your-bank-account/

09/08/2023

South Africa playing Russian roulette – threatening the worst economic crisis in its history

South Africa risks becoming bankrupt for its relationship with Russia, which adds virtually nothing to the economy, state revenues, economic growth, job creation, socioeconomic stability, and investor sentiment.

This is according to Investec chief Annabel Bishop, who commented on the dire consequences of entertaining relations with Russia – a country that has continued to push war with Ukraine.

Concerns arose when the United States of America (USA) formally indicated that South Africa was in danger of being ousted from the African Growth and Opportunity Act (AGOA), losing its trade benefits due to its love of Russia.

In a letter to the US Secretary of State Antony Blinken at the beginning of June, US legislators said that there are “serious concerns with current plans to host this year’s AGOA Forum in South Africa” and that “actions by South Africa call into question its eligibility for trade benefits under AGOA”.
Read more...
https://www.innov8fs.co.za/blog/2023/07/31/south-africa-playing-russian-roulette-threatening-the-worst-economic-crisis-in-its-history/

25/07/2023

How to get the right replacement value if your car is written off or stolen
Buying a brand-new vehicle is almost impossible without adequate car insurance these days. And if you don’t quite understand the value of your car, you could be cutting yourself short regarding insurance coverage when it’s needed most.
Read more...
https://www.innov8fs.co.za/blog/2023/07/24/how-to-get-the-right-replacement-value-if-your-car-is-written-off-or-stolen/

10/07/2023

Heystek: SA’s slow decline hits “suddenly”; ANC leadership guarantees more calamity
Independent financial analyst Magnus Heystek reflects on South Africa’s deteriorating economic situation, drawing parallels with Ernest Hemingway’s famous quote on financial calamity, suggesting that after years of “Slowly” the country has hit the point of “Suddenly”. Heystek highlights various indicators of the country’s decline, including low GDP growth, credit rating downgrades, currency depreciation, property market collapse, rising interest rates, and poor pension fund performance. He criticizes optimistic economic forecasts and calls for individuals to protect their wealth by investing offshore and divesting from local assets.

Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays.
Read more...
https://www.innov8fs.co.za/blog/2023/07/10/heystek-sas-slow-decline-hits-suddenly-anc-leadership-guarantees-more-calamity/

13/06/2023

How much money you would have if you invested R1,000 in the JSE Top 40, S&P 500, and Nasdaq 100
Challenging South African economic conditions and the weak rand have helped the Satrix Nasdaq 100 and Satrix S&P 500 to significantly outperform the Satrix JSE Top 40.

South Africa has had a tough start to the year. Intensified load-shedding, interest rate hikes, being greylisted, and political tensions have hammered the local economy.

The rand has also weakened to its lowest level ever after the US Ambassador to South Africa claimed the country sold arms to Russia.
Read more...
https://www.innov8fs.co.za/blog/2023/06/07/how-much-money-you-would-have-if-you-invested-r1000-in-the-jse-top-40-sp-500-and-nasdaq-100/

06/06/2023

Building insurance: A step-by-step guide to determine your home’s coverage needs

Your home is one of the most expensive assets you will ever own. There is a long list of unfortunate things that can happen to it — from common annoyances like a burst geyser that ruins your carpet to unlikely, but devastating events like a fire that burns it to the ground. That’s where home building insurance can save you from significant financial losses as well as give you peace of mind.
Read more...
https://www.innov8fs.co.za/blog/2023/06/05/building-insurance-a-step-by-step-guide-to-determine-your-homes-coverage-needs/

18/05/2023

Big interest rate changes coming
Faced with sticky inflation but sluggish economic growth, the South African Reserve Bank (SARB) is considering changing its interest rate modelling tool.

This is according to Genera Capital investment specialist Professor Adrian Saville who spoke to The Money Show’s Bruce Whitfield.

Saville said there is a considerable debate around the appropriateness of inflation targeting, i.e. using interest rate cuts and hikes to control inflation.
Read more...
https://www.innov8fs.co.za/blog/2023/05/06/big-interest-rate-changes-coming/

14/04/2023

How to de-risk your investment portfolio
It is an inescapable truth that offshore indices such as the S&P 500 trumped the JSE All Share index over the last decade, vindicating those who campaigned for a heavier offshore weighting.

The US dollar has appreciated 176% against the rand since 2000, which further explained the logic of moving funds offshore to protect against this relative withering of the rand (notwithstanding the recent strengthening of the rand).
Read more...
https://www.innov8fs.co.za/blog/2023/04/14/how-to-de-risk-your-investment-portfolio/