|Is Cyprus About to Derail the Eurozone? - [ show/hide ]|
You probably know the story by now.
Following riots in the streets and a run on local banks, Cypriot lawmakers voted down a key element of the European Central Bank's (ECB) bailout proposal that would have required the country to impose a one-time 9.9% tax on bank deposits of more than 100,000 euros and a 6.75% tax on bank deposits under that amount.
I can understand why people took to the street - the "tax" was little more than organized robbery under the guise of keeping that country afloat.
Why should you care about what happens in Cyprus?...
Cyprus is not Las Vegas. What happens in Cyprus cannot possibly stay in Cyprus. The world's financial markets are too interlinked. Ultimately, it is a move intended to keep the euro afloat at any cost.
|National Budget Assessment 2013 - [ show/hide ]|
Finance Minister, Pravin Gordhan, is a kind man. He has refrained from implementing many of the tax increases that were widely predicted for the 2013/14 National Budget Speech on 27 February 2013, even though SARS has come up R16 billion below budget for 2012/13 and the National Deficit has increased to 5,2% of GDP.
|Asset Protection January 2013.pdf
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We believe that insurance is something that should add value, not questions or uncertainty. It should provide peace of mind, not parameters or excuses.
When you've worked hard for everything you own, the last thing you want is to lose it all because of unexpected events.
Think about it: no matter how careful you are, there will always be things in life you can’t control. Accidents and disasters can happen to anyone, and if you aren’t properly insured, it could lead to financial ruin.
Trust us to protect what’s important to you
Whatever type of short-term insurance you require, we have a solution to suit your needs.
From start to finish, you can look forward to dealing with people who care about you and your needs, and who are committed to providing you with the kind of service you deserve.
|Bank loan Values Jan 2013.pdf
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Revised Loan to Value Comparisons
With reference to the important changes which were made, herewith some reminders:
With effect from 1 February 2013, Nedbank will no longer consider non-Nedbank applicants for consideration of Home loan finance. Previously the maximum LTV was limited to 60%.
The good news is that a Nedbank client is classified differently than before and creates more possibilities going forward. This ruling below is already in place and you may submit your applications based on the information below.
A Nedbank client implies a person with any Nedbank account held, for instance Credit card, Personal loan, Existing Home loan, Investment etc. (Previously the rule for a Nedbank client was a Nedbank transactional account holder where the salary is deposited into).
For submission of joint/multiple applicant submissions, it is required for any one of the applicants to be classified as a Nedbank client, irrespective of where the main applicant banks and or the highest income earner or largest disposable income.
FNB Home Loans
FNB Home loans no longer consider Non-FNB transactional account clients for Home loan finance.
Only in instances where a non-FNB client is in the process of providing proof by means of a signed debit order switching form, may the application be presented for consideration. (Clients already being in the process of opening Cheque accounts).
The above excludes FNB Housing Finance applications.
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Fresh Perspective on Wealth Creation
Most people worry whether they will be able to
retire with sufficient funds to maintain
their pre-retirement lifestyles
|Newsletter Jan 2012.pdf
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New year, new beginnings