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Shariah Investments & Ethical Investing 624 407 frewm

Shariah Investments & Ethical Investing

At first glance, Shariah investments can appear to be quite complex. These assets contain various rules and limitations based on the Islamic faith that governs over all aspects of Muslim life.

These principles state that for any financial service or institution to be considered halaal, their products must adhere to these specific values of social responsibility set out in the Quran. These values speak to transparency, fairness, and accountability.

We are here to help you understand more about the importance of Shariah investments and ethical investing, what options are available to you, and how we can help.

Shariah Investments: An Introduction

Hand saving money in box

The Kagiso Islamic High Yield Fund is just one example of an Islamic investment fund that is Shariah-compliant. This fund provides both capital stability and ethical transparency at moderate levels of risk. It also gives much-needed variety to today’s available range of Islamic finance products.

Contact us to find out how you can get involved with the Kagiso Fund. It’s important, as an Islamic and Muslim investor, to make use of Shariah-compliant companies when choosing where to begin your Shariah portfolio.

Shariah-compliant investment is different from conventional investment funds. In your traditional investment fund, investors expect to accrue interest over some time, however, in Islamic investments, interest (‘Riba’) is prohibited.

Instead, customers and banks invest and share in profits equally. The risk is shared and thus the impact is lessened, which makes these funds far less volatile than your ordinary investment fund.

It’s important, as an Islamic and Muslim investor, to make use of Shariah-compliant companies when establishing your Shariah portfolio. These companies must adhere to the standards set out by the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI). This body ensures that Islamic investment products maintain Shariah values across all their financial services.

Shariah Investments: Importance

Meditation from the top

As this industry continues to grow and develop, it becomes vital to share with all of our clients the value and benefits of Shariah investments. In recent times, these funds have gained popularity with other groups outside of the Muslim faith. This is because of a recent surge in the demand for ethical products.

Groups of all faiths, and non-faiths alike, share similar values with Muslim investors when it comes to seeking socially responsible investment solutions, which adhere to environmental, social, and governance (ESG) criteria.

This is what makes Shariah-compliant investing appealing for Muslim investment and beyond. It’s not only beneficial to the Muslim community, but also the rest of the modern world as it caters to these shifts in moral codes and spiritual values.

This is why ethical investing is becoming more prevalent and sought after. Ethical investments provide investors with the ability to generate profits from their invested funds while still ensuring that their moral compass is pointing in the right direction!

Shariah Investments: Requirements

Hand on trowel

For a fund to be considered Shariah-compliant, it must adhere to the rules set out by the AAOIFI (as guided by the Islamic faith). This organisation helps to ensure the ‘standardisation and harmonisation of international Islamic finance’. It is a guiding body that tries to create uniformity across all Islamic financial sectors.

Within each investment organisation, there must exist a Shariah Supervisory Board, which directs and monitors all Shariah-compliant funds. This ensures financial products are lawful for Muslim consumers.

These boards and regulators allow investors from the Islamic faith to better screen potential new investment opportunities, ensuring these match the rules of their faith.

Shariah Investing: Restrictions

Desserts and treats

The Shariah supervisory boards and regulators also regulate financial product restrictions and allowances.

Products are not considered Shariah-compliant if they derive majority income from: 

  • Alcohol, tobacco, and pork
  • Production of weapons of mass destruction
  • Conventional financial services and leisure/media
  • Pornography and gambling

Shariah-compliant products include:

  • Equity funds
  • Real estate funds
  • Commodity funds
  • Bonds

The restrictions are wide-ranging and subtle in some cases. As a result, the lines can blur between what is considered Shariah-compliant and what is not.

It can be a confusing experience to try and navigate Shariah compliance and Islamic investment products alone. As a Shariah-compliant company, our financial advisors are highly knowledgeable about Shariah investing. We can assist you to secure the right funds for your ethical requirements.

Please do not hesitate to get in touch to find out about Shariah investments and ethical investing.

+27 21 933 4170


Tax Season: How to Maximise Tax Benefits 624 406 frewm

Tax Season: How to Maximise Tax Benefits

The end of the 2021 tax year, 28 February, is nearly upon us. This means it’s your last chance to take advantage of the tax benefits available to you.

They range from deferring tax payments to benefit you in the short term to optimising tax-free investments for the long term.

Let’s take a deeper look at how you can maximise your tax benefits before the end of the 2021 tax year.

Tax-Free Investment

Man smiling in front of mac

Opening a tax-free investment account is something every South African should be doing. Not only does it allow you to invest across multiple financial products, but all your returns are completely tax free!

This was introduced by the government in 2015 as a means to encourage people to save money. The investment amount is capped at a certain amount each year.

In the 2020 tax year, the cap was set at R33 000 per person. For the 2021 tax year, the cap was increased to R36 000. However, bear in mind that the lifetime limit of R500 000 per person remains.

So, if you haven’t reached your yearly investment cap, now is the time to take advantage of this tax-exempt investment opportunity. If you already have a tax-free investment account, then ensuring you’ve contributed your yearly amount is a wise move.

However, if you do not have an account, we recommend that you discuss this opportunity with your financial advisor. We can assess whether this type of long-term investment suits your current income level and debt situation, and aligns with your investment goals.

Contact us and we’ll take a look at your portfolio and advise you on the best way forward.

Retirement Funds

Blue deck chairs in front of the ocean

Retirement planning is an important part of the financial process. It ensures an individual’s long-term financial health, but it can also provide great tax benefits in the short term.

One such advantage involves increasing the amount you contribute to your annual retirement investment. This can ultimately decrease your tax burden and increase your tax return.

An individual is permitted to invest up to 27.5% of their taxable income into their retirement fund per year. In addition, by making these extra contributions, you decrease the overall amount of tax that you end up paying each month. You’re essentially investing in your future using pre-tax money and also reducing the amount of tax you pay to SARS.

Not only is this a part of a major saving’s incentive, but it also provides tax return benefits to you in the short term. You’ll be able to claim back more on your annual tax returns by maximising your retirement contributions.

Section 12J investments

Business section of newspaper

As an investor, it’s incredibly satisfying bringing in financial gains for you and your family. Investing in venture capital companies (VCCs) takes that sense of satisfaction to another level by encouraging taxpayers to invest in local businesses. The provision of tax incentives to individuals and the streamlining of the claims process has made it much easier for individuals to invest in the local economy.

SARS is now offering you the opportunity to claim a 100% tax deduction from your taxable income, provided you have invested in a VCC for five consecutive years. This began as a means to foster investment into small and medium-sized entities, which form a major part of the South African economy. Section 12J investments are a great way to support local, domestic businesses and to benefit from significant tax returns.

Make sure to discuss this with your financial adviser before making this type of financial commitment. There is a lot more to investing in a VCC than you’d expect, especially in comparison to a tax-free investment or retirement fund.

Expand Your Benefits Before 28 February

Lady in blue with smile and glasses

It’s not too late to take advantage of these simple tax benefits. There’s still time to top up your tax-free investment account and your retirement fund, if you haven’t already reached your yearly cap.

It’s also never too late to begin your investing journey. There are many options available, each with their own unique tax benefits.

We are here to help you get the most from your hard-earned money while working toward your short and long-term goals. Tax incentives can provide the extra motivation you need to invest in your today and start putting away for your future.

Please do not hesitate to get in touch to find out how to make your money work for you.

+27 21 933 4170


Retirement Annuities: Everything You Need to Know 624 407 frewm

Retirement Annuities: Everything You Need to Know

Nothing is guaranteed except death and taxes. Never was this statement more true than in the year 2020. Unpredictability was the theme with financial stability taking the hardest hit. Almost everyone was forced to learn the importance of saving for a rainy day and the value of solid financial planning.

Of course, no decent plan is complete without the big R. Retirement planning is an essential investment that could make or break your financial future. But, when is enough, enough? How much should you be tucking away for future expenses? How can you be sure that your money will last?

One solution is to add a retirement annuity to your investment portfolio. This investment vehicle is designed for individual investors and is separate to a pension fund provided by your employer. In this guide, we cover everything you need to know about retirement annuities and help you decide if it is a good fit.

What Is a Retirement Annuity?

Clear jar with label saying retirement annuity

A retirement annuity is a long-term investment that can guarantee the investor an income until death. You can fund your annuity either with an upfront lump sum or through a series of payments. You would typically make either payment years in advance. An annuity can be an asset for extra income during retirement.

There are two types of retirement annuities: fixed or variable. The crucial difference between the two is the rate of return. Your returns on variable annuities may rise and fall depending on the stock markets. Fixed annuities, on the other hand, offer a predetermined amount on returns as soon as your insurer pays. Read a little more on the difference between the two here.

You can choose when and how you would like to be paid out. You might choose to pay in a lump sum and begin collecting returns immediately. Alternatively, you can make payments over a long period of time, allowing your money to acquire interest and possibly increasing your returns.

Who Should Invest?

Smiling young people sitting on grass

As an effective money-saving tool, retirement annuities are a good option for anyone. You are never too young or too old to save for the future. That being said, you might be more inclined to look into a retirement annuity if you fall into specific financial categories.

People who are self-employed might benefit from a retirement annuity. Given that you are not receiving a pension fund from an employer, it’s a good way to invest in your future. It also ensures that you have something to fall back on if you stop running your business.

This doesn’t mean that you shouldn’t consider a retirement annuity if you are employed. This investment is a great way to supplement your income and boost your current savings. It also offers the opportunity to expand your investment portfolio.

Retirement Annuity Benefits

Wallet in back pocket

Now, for the best part, here are a few reasons you might consider investing in an annuity:

1.   Life-Long Income

The obvious and most attractive reason for investing in a retirement annuity is an income that lasts until your death. This provides a sense of security. Most investments don’t offer this unless your personal savings are astronomical in size.

The rate of return will differ from plan to plan. As mentioned above, fixed annuities are more predictable than variable annuities. Remember, not all annuities have unlimited payments, so make sure you ask your insurer.

Elderly women about to cross a road at night

2.   Tax Benefits

In terms of tax benefits, retirement annuities are definitely one of the most attractive products on the market. Firstly, you may deduct a limited amount of your contributions from your tax income at the end of every year.

Second, there is no tax on the interest earned on your savings. In fact, you only pay tax on the fund once you receive your returns. The tax is also considerably lower than the tax on your current income.

Lastly, with some products, up to R500 000 received as a once-off payment is tax free. All returns after that will only be taxed in proportion to what you draw each year.

Calculator on retirement annuity documents

3.   Disciplined Savings

Let’s be honest, saving can be hard, not to mention long-term saving. The benefit of not being able to access your retirement savings until after a certain age is definitely a plus. Retirement annuities take away all the temptation of drawing from your nest egg.

They can also offer stability. Whether you are a first-time investor or a seasoned professional, an annuity is a guarantee. For the most part, they are immune from the fluctuations of the stock market, which leaves you with a dependable, limited-risk investment.

While they do have their pros and cons, retirement annuities are a great resource for saving. They can be one of many tools that help expand your investment portfolio. They are also a fantastic way to ensure safety and security for your later years.

Small wooden houses next to stacks of coins

Contact us and we will help you decide which retirement annuity is right for you:

+27 21 933 4170


Randsure featured image financial new years resolutions
Financial New Year’s Resolutions: Shape Your 2021 624 407 frewm

Financial New Year’s Resolutions: Shape Your 2021

We’re sure you’re all aware of the classic New Year’s Resolution tradition: you start out full steam ahead with planning your goals for the year and two months later, you’ve lost all motivation. What happens? Naturally, you slip back into your old spending habits and procrastination becomes enemy number one.

It’s easy to fall back into comfortable patterns, especially when it comes to your finances. But, it’s detrimental to achieving your financial goals. Avoiding financial planning often results in far more stress than it would take to set aside some time to plan your finances for the New Year.

Remember, you don’t have to do it alone. We are here to help you by shedding some light on a few key financial resolution tips and how you can stay the course.

1. Evaluate Your Finances

Hand and pen on paper

Knowing your financial status is a good place to start when it comes to planning your resolutions. After all, you can’t create resolutions until you know where you’ve been going wrong. Aim to form a realistic baseline idea of your current financial health status, even if it’s not exactly where you want it to be.

This means evaluating your spending habits, calculating your net worth, and reviewing your goals. These actions will tell you more about what your money is doing.

Once you have an idea of what your financial health looks like, it becomes easier to create realistic resolutions and to achieve them.

2. Plan Your Money

Computer with graph on screen

Following your evaluation, you can move on to setting financial resolutions that work for your money. This will put you on the road to becoming financially savvy.

But, what exactly does this mean and how do you do it?

Successful resolutions incorporate clear goal-setting and focused timelines. Outline exactly what goals you want to achieve and set an executable timeline. You are less likely to procrastinate and fail at your financial resolutions when they are clear, simple, and doable.

This does not have to be done in a vacuum. It’s advisable to reach out to all your available resources.

A financial adviser can assist you in drawing up a financial plan that establishes clear goals with executable timelines. This goes a long way to creating resolutions that give you more confidence and less stress.

Contact Randsure Financial Services for help to achieve your financial resolutions.

3. Pay Your Debts

Wallet with credit cards

You are now well on the path to financial savviness. Armed with knowledge and determination, you can focus on the nitty-gritty of your goals. It’s time to prioritise debt relief and not get sidetracked by debt creation.

In your financial resolutions, outline an effective budgeting strategy that aims  “to ensure that you’re spending with a purpose”. This means paying off your credit card and other outstanding debts before you plan that next big holiday.

Procrastination is the thief of time. The beginning of a new year presents you with the perfect opportunity to get into financial shape and make more down payments to secure future debt relief.

4. Plan Your Investment

Mini house with key

Paying off debt is not the only significant aspect to consider, another easily-overlooked area is long-term investment. You may be tempted to set goals exclusively for the now, but “big picture” goals should always be in the foreground of your financial New Year’s resolutions.

Each year that goes by gets you a step closer to retirement. So, make sure you know where you want to be in the future. Resolutions don’t need to be limited to the 12 months ahead. You can make them with the next 12 years in mind.

Investment and finances are a very personal affair. There are so many options to choose from, whether it’s putting money into an investment portfolio or paying off your bond. Make the right decision for you. Discuss your options with your financial adviser to make an informed choice.

5. Review and Relearn

Lady reading book on sofa

Finally, the best way to stay on top of your goals is to regularly review your budget and always leave space for learning. The more knowledgeable you are about your finances and the financial world in general, the easier it becomes to tackle any unexpected issues that may arise throughout the year.

Another goal you can include in your resolutions is to expand your knowledge by reading more blog posts, newsletters and finance books. If you are armed with the facts, you are prepared for battle.

Another great idea is to have a checklist that you can revisit throughout the year to ensure that you’re staying on track with your goals.

Financial New Year’s resolutions don’t have to become an exercise in procrastination, instead, they can be realistic, simple, and informed.

Please do not hesitate to get in touch to find out how to make your money work for you:

+27 21 933 4170


Reviewing Your Financial Health 624 407 frewm

Reviewing Your Financial Health

It has never been more important to set goals to secure your financial health than for the upcoming year. If we can take supplements and exercise to safeguard our physical health, and work with others to improve our mental health, how can we look out for our financial health?

The best way to do that is by actively reviewing your current financial status. If your goal is to achieve healthy finances there are a few key ideas that we recommend as a starting point. This post will explore the ins and outs of financial health and share some important tips on how to improve yours!

What Is Financial Health?

Business woman writing on white wall

Before we can begin to review your financial health we must first understand what financial health means. Some describe it as individuals having sufficient cash flow for what they need and want, now and in the future.

This means knowing your current financial status, and whether or not it’s been meeting your wants and needs. So, take the time to examine your cash flow and ask yourself: does this satisfy my wants and needs?

Why Is Financial Health Important?

Plant sprouting from ground

This leads onto our second key idea, understanding why financial health is important. Much like the importance of planning your retirement, it gives an individual the opportunity to structure their finances to cater to their current and future circumstances.

This is especially important in today’s environment where every day can present a host of unknown variables. It’s essential to educate yourself about your finances, and to revisit this annually to adjust it to match your changing attitudes and goals.

Contact us if you’d like some help with your financial planning. We have a proven track record in helping our clients turn around their financial health.

Our client *Imraan had unstructured finances before he began his journey towards financial health. Since he has begun working with us at Randsure Financial Services, he says he is reaping the benefits of “better investment decisions, improved yields, a positive lifestyle adjustment, and financial happiness”. The right financial advisor will help you achieve these benefits and shape your wealth so that it works for you.

How Can We Achieve Financial Health?

Person using phone and laptop with hands

Now, you might be wondering where to start. Luckily, we have provided four steps to help you effect successful and productive financial changes.

1. Determine your net worth.

This is as simple as minusing your total liabilities from your total assets. To begin, you will need to calculate your total assets. This is anything you currently own, such as your house, your car, or other investments. Liabilities are any debt that you owe to a third party such as loans, shopping accounts, or credit card debt.

Here is a useful application to help you to calculate your net worth, For those that like working example, here’s one for you:

Let’s say you own a car worth R160 000 and a house worth R1 200 000, this would bring your total assets to R1 360 000. For calculating liabilities, let’s say you owe around R500 000 on your house, and you have an outstanding debt worth R25 000, this puts your total liabilities at R525 000.

A formula would look like this: total assets – total liabilities = net worth. Your net worth could be negative or positive. Either way, this means you have an idea of where your finances sit and can start to evaluate your financial health.

Pen and lid with calculator on a document

2. Calculate your debt to income ratio.

Now, let’s look more closely at your monthly financial status, which is your debt-to-income ratio. In basic terms, this means how much you owe each month versus how much you earn each month.

For example, if you pay R10 000 on your house bond and R2 000 on your shopping account, and earn R24 000 then your ratio for each month would be 1:2. This makes it around 50 percent. You want your ratio to be much lower, i.e. you want your ratio to be at around 20 percent, which means your debt takes much less than half of your income.

Feedback sheet

3. Work with Financial Goals.

Once you understand more about your financial status, you can start to set some goals about where you want it to be. This means being realistic about your monthly budgets, and ensuring that you’re not spending more than you earn. The goal here is to be able to have a steady cash flow so you can afford all your needs and wants, meaning you gain good financial health.

Effective budgeting ensures your financial resources are sufficiently distributed to cover your wants and needs. At this point, it is also very useful to seek out the assistance of your financial adviser. We can help you to work on an investment plan. Both of these in tandem will help to keep track of your spending while growing your wealth.

Saving is not as simple as just putting money away for a rainy day. It’s crucial you choose your investment accounts thoughtfully. Consider having multiple investment accounts that cater to various needs, for example, a collective investment scheme isn’t intended for emergency funds, but is useful for long-term investment.

Tablet and documents on table

4. Take a moment and enjoy your financial health

It’s easy to get bogged down with trying to save money, and allocate your wealth responsibly. But, remember that it’s just as vital to enjoy your wealth by budgeting for those getaways and personal spoils. It’s possible to enjoy your finances once you have a realistic idea of your net worth, your income-to-debt ratio, and long-term goals.

This doesn’t mean allocating half of your monthly earnings to lifestyle expenses, after all, lifestyle inflation can become costly in the long run. But, rather allow yourself calculated luxuries that will still help you maintain your financial health status.

Man springing into sea

Final Thoughts on Financial Health

Financial health is an important aspect of living that you can learn to make work for you. By reviewing your financial health, you can get more realistic about where you are and as a result, start to plan for where you want to be. Now and in the future. We are here to help you tackle ‘the how’ of financial health and make your money work for you.

Please do not hesitate to get in touch to find out how to make your money work for you:

+27 21 933 4170


bonus scrabble letters
5 Ways to Spend Your Bonus Wisely 624 407 frewm

5 Ways to Spend Your Bonus Wisely

It’s been a long hard year, but the end is in sight. You’ve stayed healthy and mentally strong throughout the year 2020 and what’s more, you have also been rewarded for your valuable contributions throughout the year… Your bonus is in the post!

I’m sure the temptation to splurge a little is strong, especially as the silly season draws near. Let’s be honest – there is no better motivation to keep on reaching new heights than by reaping the rewards of your labours. However, there are a few mental checkpoints you should go through first to ensure that you are being financially astute when rewarding yourself:

1. Clear Your Debt

Man canoeing

One solution when facing financial challenges is to get cash flow by taking out a loan. In order to do this, you would need a good credit history, which is made up over the years by you showing a track record of… you guessed it, paying off your debt!

If you did take out a loan during lockdown, you’re not alone in that boat. It can serve as a life jacket to keep your head above water. But, as soon as you receive a cash injection in the form of a bonus, the wise choice is to pay off that debt and get rid of the interest overhead. This is especially true if you have charged to a credit card, where interest is notoriously high.

We asked Randsure Financial Services what their clients have done with bonuses in the past. This is what was shared.

2. Take Advantage of Your Tax Deductibles

Pawn with crown

As you can see on page 6 of the Treasuries Tax Guide, there exist certain contributions as per Regulation 28 that are tax-deductible. Examples of these are pension fund contributions, medical aid contributions, and donations to name a few. What this means for you is that up to 27.5% of your gross annual salary can be deducted prior to your tax calculation taking effect.

So, if you were to crunch the numbers and allocate some of your bonus towards ensuring your pension fund contributions maximise that 27.5%, you could easily find yourself dropping down a tax bracket.

Needless to say, the savings involved in such an exercise can be quite eye-catching indeed. As well as serving the purpose of safeguarding your retirement. Exactly the kind of thinking that leads us to our next point…

3. Invest in Your Future

Man with binoculars

The uncertainty of the current global landscape serves as a timely reminder that life can have its ups and downs. An essential part of your financial planning should be to cater for those periods of decline by ensuring you invest in your future.

Two great examples of doing so are setting up a Tax-free savings account and making sure your emergency fund is well-stocked.

4. Invest in Your Present

Chalk drawings on black board

With the current theme of working from home coupled with a less intensive social calendar for the foreseeable future, there is no time like the present to start upskilling. This could be something as simple as updating your budget or as exciting as starting that course to help you climb the corporate ladder.

Whether it be embarking on a new entrepreneurial endeavour or finally starting the MBA you’ve been dreaming of for years, it will most likely involve a capital injection. Luckily for you, a timely windfall has just arrived to give you the opportunity to be the best you that you can be. Speaking of which…

5. Spoil Yourself

Travel mug against leafy background

All work and no play makes Jack a dull boy. Life is about experiences and we each have that something special that is close to our hearts.

Recharge your spirit by tapping into your passion. Spoil your family. Plan for your next holiday (air ticket prices should be good if you can get them in advance). Whatever it is, know that you can afford it because you’ve followed steps 1 to 4 and have been a savvy investor in your own life.

Attention: Momentum Health Members

Momentum Medical Scheme aims to give you good value for money by combining flexibility with comprehensive cover. This means that Momentum Health can match your family’s healthcare needs. Use the following guide to find the option that best matches your needs.

Also, should you be experiencing a shortfall in your medical aid contributions, please note the below tables for an indication of the options for gap cover made available through Stratum Benefits.

Stratum Benefits

To access the Stratum Benefits brochure, follow this link.

Please do not hesitate to get in touch for further information or to make arrangements on

+27 21 933 4170


Hands signing a document
Estate Planning, South Africa: Draft a Will 789 492 frewm

Estate Planning, South Africa: Draft a Will

The global pandemic has made plenty of people aware of their own mortality. Many of us have caught ourselves thinking of what would happen to our loved ones if we passed away. Would they be alright? Would they be financially secure?

These thoughts can be the start of the process of estate planning. By looking to the future, we can secure a legacy for our families and our businesses.

In this post, we’ll look at the process of writing a will, what happens if you don’t draft one, and how a will relates to estate planning in South Africa.

What Is a Will?

Blank document

According to South African law, any person has the freedom of testation. You can plan to distribute your estate how you wish. This means that you can decide how your assets will be dealt with when you die, as long as it doesn’t go against the public interest.

Writing a will enables you to nominate an estate executor. This is the person who will act on your behalf and manage your assets after you die. You can also nominate a guardian for your children if they are minors.

Do I Need to Write a Will?


No, you don’t, but we advise that you do.

If you pass away and you haven’t written a will, the Intestate Succession Act takes effect. This piece of legislation is generally quite fair, ensuring that your estate and assets are distributed between your spouse and children.

If you don’t have a spouse or children, your assets will be split between your blood relatives according to a hierarchy: your parents, then your siblings, then your other relatives. If you decide not to write a will, it’s your responsibility to get familiar with the Intestate Succession Act.

According to this Act, your asset distribution can be influenced by customary or religious law. This is one of the reasons we suggest every individual should draft a will. They can ensure their legacy and assets are left in their manner of their choosing.

If you pass away without leaving a will, problems can arise:

  • Your assets may not be passed on to the person of your choice.
  • There can be extra and unnecessary costs for your loved ones.
  • There can be a lengthy time period before an executor can be appointed.
  • This can cause misery and conflict in your family due to the lack of clear instructions about how to deal with your estate.

Writing a Will: Requirements

Below, we’ll take a look at the requirements for drafting a will.

Who can draft a will?

Anyone who is of sound mind and is over 16 years of age can write a valid will. Although, we do recommend you get help from the experts. Randsure’s founding member Khalil Sungay, has a legal background as Principal Estates Examiner in the Masters Office, Supreme Court, and has served in various positions within the Justice Department. He can assist you with the drafting of your will. Contact him here: info@randsure.com.

Asking an attorney to draft your will is also a good move as they are qualified in law and can help you with potential problems that may arise in the drafting process. Attorneys also have the legal knowledge to ensure that your will is valid and fulfils your wishes.

We also recommend seeking the expertise of a financial advisor. By asking your financial advisor for insight, you can take action to secure your legacy for the future. By consulting the experts in the process, you engage in considered and effective estate planning.

What makes a will valid?

For a will to be valid, it needs to:

  • Be in writing
  • Have been signed on every page and at the end by the person writing the will
  • The signature must be conducted in front of two witnesses (older than 14 years and they cannot benefit from the will)

Signing a Will: What You Need to Know

Man looking at laptop

There are a few things you need to consider when signing a will. Firstly, you cannot sign your will and then email it to your witnesses to add their signatures. The will writer (testator) and the witnesses have to all be present at the signing of the document.

Your witnesses cannot be benefactors, the appointed guardians, or the executor of the will. Also, interesting to note is the fact that your witnesses don’t need to read the will. Their primary function is to witness you signing the will.

Estate Planning and Wills

Family walking on pier

Estate planning is inspired by your life. These plans usually include a will and other documents that act as a map for fulfilling your wishes, before and after death.

Effective planning includes structuring of estate duties so taxes are minimised and ensuring the protection of your heirs’ inheritances. Estate planning is not restricted to life policies. All your assets are taken into account by your advisors, such as wills and trusts, marital contracts, and income tax.

Estate planning is essential to protect those you love because, without a plan in place, the negative consequences could impact them for years to come.

For more information about estate planning and wills, feel free to get in touch:

+27 21 933 4170


See our estate planning service here: https://www.randsure.com/services/

Sygnia Health Innovation Global Equity Fund – A Step Ahead 788 554 frewm

Sygnia Health Innovation Global Equity Fund – A Step Ahead

In response to the Covid-19 pandemic, we have spoken about the topic of mental health and wellness. Equally important to us is your financial wellbeing. With the woeful state of many nations’ healthcare systems being brought into stark relief, the launch of the new Sygnia Health Innovation Global Equity Fund on 5 August 2020 could not have come at a better time.

South Africans now have the opportunity to benefit by gaining exposure to the power of the USD and being able to participate in macro trends and market sectors that are traditionally under-performing and/or under-developed in the local context. The health sector is a prime example, with the breakthrough innovations happening in the global field undoubtedly set to shape the landscape for years to come. And, as can be seen from the below graph, the health sector is a highly lucrative one.

Health Expenditure Image

Healthcare as a % of global GDP – PwC Global Innovation Study


Healthcare As a Trend

A sobering fact is that the market cap of the five largest pharma companies (~$1.3 trn) outstrips the size of the JSE (~$1.1 trn). A contributing factor to these impressive numbers is the cutting-edge nature of modern medical advances. As per a PwC report, these advances are being driven by huge investments with $169.5 billion being pumped into research and development in healthcare in 2018 alone. Somewhat surprisingly, this amount exceeds that spent on computing and electronics during the same period.

Another report released by Deloitte in 2019 put the expected annual growth of global healthcare spending at 5.4%, rising to $10.1 trillion by 2022. Notably, this is before taking into account the effects of the Covid-19 pandemic, which have yet to be fully felt.

Another influence on the increasing demand for healthcare services is that of an aging population. Demographic data shows a rise in the average age of many developed countries’ populations. In the USA, the median age has risen to 38 while in the European Union the over-65 age bracket accounts for 19.8% of the population in 2018 – expected to reach 31.3% by 2100.

As per the below graphic from McKinsey Global Institute, the benefits of a healthier population are many and far reaching. As such, the long-term incentives are set to remain for progress in the sector.

Benefits of healthcare provisions

Benefits of improving healthcare


While the field is by its nature both complex and diverse, the Sygnia Health Innovation Global Equity Fund’s focus is on companies involved in the following innovations:

–          Next-generation genetic sequencing and targeted healthcare (customised to suit the individual)

–          3D-printed devices (lower cost, highly customised)

–          Virtual reality (simulated training environments)

–          The use of AI in diagnostics

–          Point-of-care diagnostics (fast diagnostics as you wait, the benefit of which has highlighted difficulties faced during Covid-19 testing)

–          Virtual medicine (remote consultations)

–          Biosensors and health monitoring trackers (remote diagnostics)

–          Immunotherapies to extend cancer survival rates

Who Does the Fund Invest In?

Portfolio Construction of Sygnia Health Innovation Global Fund

Portfolio construction – Sygnia

The Sygnia Health Innovation Global Equity Fund uses a dynamic indexation strategy to select the companies in the fund. As such, any potential investments must be securities traded on developed market exchanges. The Sygnia portfolio manager makes use of the Global Industry Classification Standard (GICS) to gain a weighted top 150 companies index based on free float-adjusted market capitalisation. Also pivotal to the process is using an ESG (Environmental, Social and Governance) screen as a primary criterion. This gives investors peace of mind knowing that they are in alignment with the global trend of good business practice through the principle of impact investing.

What Does the Fund Aim to Achieve?

According to Sygnia, the investment objective of the fund is to “deploy capital so as to generate socially impactful and sustainable long-term return, where exceptional performance goes hand-in-hand with changing lives for the better by redefining healthcare – more value, better outcomes, greater convenience, access and simplicity; all at a lower cost.”

In terms of a quantifiable metric, the Sygnia Health Innovation Global Equity Fund aims to outperform the returns of the MSCI World Health Care Net Total Return Index, which is widely believed to be the benchmark for the sector. Boasting returns of 18% in rand terms since 1995, it is clear to see the benefits for investors if this target is met.

MSCI World Health Care Index

MSCI World Health Care Index

Contact us today to discover more about investing in this fund.

+27 21 933 4170


Life After Covid-19: Planning Your Retirement 791 490 frewm

Life After Covid-19: Planning Your Retirement

The coronavirus has reshaped the way we look at finances and retirement planning. We can’t deny that the pandemic has caused hefty economic damage and that people are feeling the pinch. But, luckily, this doesn’t mean our retirement planning has to take a backseat. 

We don’t have to give up on our dreams of spending our time how we choose. With a bit of forward thinking, we can set actionable retirement goals, even during this uncertain period. This post will take a look at some of the ways we can safeguard your future.

1) Feelings Are Not Facts

How we think and feel affects the way we behave when making investment decisions. These cognitive and emotional influences are known as behavioural biases. In uncertain times, such as these, where we are surrounded by negative news, Covid-19 updates and fearful chatter, it’s important to understand that feelings are not facts

Don’t panic. Do some research into where your funds are invested. Pension fund investments are strictly regulated. And, investment managers have to diversify your investments, meaning that you won’t have all your eggs in one basket. The important thing is to keep calm and not make impulsive decisions. 

2) Work From Home

One of the biggest benefits of the lockdown (financially anyway) has been the reduction in transport expenses. The nationwide quarantine forced all South Africans to stay at home. Although this was a difficult period, many workers enjoyed unforeseen savings of up to R3 000 from petrol costs.

People who have jobs that are compatible with a virtual workplace should approach their employers and ask for dispensation to work from home. By doing this, you can continue to save on transport expenses and put these to better use – towards your financial future. 

3) Remember The Long Game

Trust in the process. Many people, in the run up to retirement, may have already set out a route and ‘bigger picture’ with their financial advisor. It’s vital that we don’t throw away this plan on a whim. 

A thought-out and diversified portfolio is an effective shield when facing turbulent times. Investors will benefit from a wide range of local and global assets in their portfolios. We can’t predict the direction of equities, but having a broad asset class diversification protects investors; pre- and post-retirement.

4) Extend The Timeline

Hourglass and Randsure Branding

Not all of us want to extend our work careers. But there are major advantages for doing so. Every year that you continue working is more time to build your savings.

The digital age has encouraged an environment of learning and instant communication. This means you have a huge variety of resources at your fingertips. Register for online courses and strive to stay relevant in your industry. Learning is also an important contributor to mental health


Effective retirement planning is essential for your future. We can assist you in achieving financial freedom by accumulating the funds necessary to secure your future. 

Contact us today to discover more about our retirement planning. 

+27 21 933 4170