Explained by Chief Operating Officer, Ryan Magee A question that we are asked regularly following South Africa’s addition to the FATF grey listing, is what progress have we made to get off it? To answer this question, it’s important to revisit what exactly grey listing is and why South Africa was grey listed. First, what is FATF and its grey list? The Financial Action Task Force abbreviated as FATF, is a global inter-governmental body that promotes policies and sets international standards relating to the combating of money laundering, terrorist financing, and the financing of the proliferation of weapons of mass destruction. Why was South Africa grey listed? South Africa did poorly in its 2021 mutual evaluation, which was actually conducted in2019 when many institutions (especially law enforcement agencies) were at their weakest following state capture. While no country is fully compliant with all 40 FATF recommendations and all 11 effective immediate outcomes, South Africa was deemed to have too many weaknesses in its legal framework and was deemed to be inadequately compliant with 20 of FATF’s recommendations in all 11 effectiveness immediate outcomes. Consequently, South Africa was put under a one-year observation period in October 2021, giving the country time […] The post South Africa’s grey listing and prospects for upliftment appeared first on Ian Kilbride.

Warwick Managing Director, Marc Wiese, unpacks the options available to clients. As we enter the month of May, I am pleased to bring you the latest edition of ‘Wealth Matters’,where we delve into the intricacies of wealth management and financial insights tailored to meet your needs. Firstly, I would like to express my gratitude to each and every one of you for your continued trust and confidence in Warwick Wealth. It is our unwavering commitment to serving you with excellence that drives us forward in our mission to help you achieve your financial goals. In this edition, we will be discussing how to invest offshore or externalise one’s funds internationally. How to Invest Offshore:Explained in clear terms Over the past couple of decades, many South Africans have been asking the question: “How do I go about investing offshore?”, this may appear to be a complicated and tedious process, however, following the rights steps, it can be quite straightforward. Firstly, you need to consider whether the monies you wish to invest are currently in South Africa (in Rands) or already outside of South Africa in another jurisdiction or currency. In the case that monies are currently within South Africa, probably in […] The post Considering investing offshore? appeared first on Ian Kilbride.

As we enter the month of May, we are pleased to bring you the latest edition of ‘Wealth Matters’, where we delve into the intricacies of wealth management and financial insights tailored to meet your needs. The post Warwick Wealth Matters – May 2024 appeared first on Ian Kilbride.

CADIZ BCI MONEY MARKET FUND The Cadiz Money Market Fund continues to deliver on its mandate by consistently providing returns that outperform cash. The fund remains strategically positioned to take advantage of elevated interest rates, effectively reinvesting proceeds from maturing investments. Managed within its prescribed mandate constraints, the fund is consistently outperforming its benchmark, the Alexander Forbes Short Term Fixed Interest (SteFI) composite index. Additionally, it diligently ensures the maintenance of adequate liquidity levels while keeping volatility of returns low.  CADIZ BCI ENHANCED INCOME FUND The fund saw a diverse range of assets driving positive returns. Floating-rate notes took the lead, significantly contributing to the overall positive performance. Nominal bonds also played a crucial role, further boosting returns for the month. Despite their relatively small exposure, both money market instruments and inflation-linked bonds also made positive contributions to the monthly return. Overall, a positive month for the fund, maintaining the long-standing track-record of delivering low volatility returns and focusing on growing wealth, while limiting downside risks. Trading activities implemented during the month were driven by cash flows and reinvestment strategies, aligning with the fund’s objective of prudent portfolio management.  CADIZ BCI ABSOLUTE YIELD FUND The fund benefitted from its exposure […] The post Fund News – May appeared first on Ian Kilbride.

As April ushers in new beginnings, we are delighted to bring you the latest edition of Warwick Wealth Matters. It’s been an eventful month, filled with both challenges and triumphs, and we’re excited to share our journey with you. The post Warwick Wealth Matters – April 2024 appeared first on Ian Kilbride.

2024 was always going to be an eventful year of elections, economic flux and a challenging investment environment globally. The post Optimum – April appeared first on Ian Kilbride.

CADIZ BCI MONEY MARKET FUND The Cadiz Money Market Fund consistently achieves its objectives by offering returns that surpass those of cash reserves, while maintaining very low volatility. The fund remains strategically placed to take advantage of higher yields by reinvesting earnings from maturing investments and using positive cash flow to invest at attractive rates. Managed within its prescribed mandate constraints, the fund aims to surpass its benchmark, ensuring significant liquidity and a low variance in returns. The ongoing high interest rate climate allows the fund to seize lucrative investment opportunities while minimising the risk of loss.  CADIZ BCI ENHANCED INCOME FUND Once again, this month, most of the positive returns generated for the fund came from its exposure to floating rate notes and money market instruments. While nominal and inflation-linked bonds saw declines, the fund achieved positive returns, maintaining its long-standing history of providing returns with low volatility. The fund continues to concentrate on wealth accumulation and minimising potential losses. Trading activities implemented during the month were driven by cash flows and reinvestment strategies, aligning with the fund’s objective of prudent portfolio management.  CADIZ BCI ABSOLUTE YIELD FUND The fund gained from its exposure to corporate credit and floating […] The post Fund News – April appeared first on Ian Kilbride.

This edition of the Spirit Foundation Full Circle celebrates our thirty years of achievements and we trust you will enjoy sharing these good news stories as much as we have in making them. The post Spirit Foundation Full Circle – April appeared first on Ian Kilbride.

It’s taken as a given that Appleton will provide the highest professional service to our clients, as we have for decades now. We will continue to set the standard and enhance our service to our clients, but one area that sets us apart is thepersonalised care and attention we provide to the bereaved family, loved ones and heirs. Enjoy the read! The post Appleton Times – March appeared first on Ian Kilbride.

Dear Warwick valued clients and partners, as we head into the 2024 election season, we extend a warm welcome to […] The post Warwick Wealth Matters – March appeared first on Ian Kilbride.

Appleton fiduciary services Managing Director, Lauren Hean, highlights a very successful H2 2023 for the company. We had a very busy and productive H2 2023 and wish to thank all our colleagues in the Spirit Group for their assistance and support. We are grateful to our colleagues at Warwick Wealth for continuing to focus on high- net-worth individuals for their Wills and trust that our back-office guidance is assisting you with providing the best possible advice to your clients. The more we assist our clients with planning for their passing, the easier the administration process is on death. We need to reduce the emotional burden on the family who are already suffering the loss of a loved one. We are still wading through the small, legacy Wills which are becoming estates and understand the frustration in assisting with documentation for an estate that will be renounced or outsourced. We appreciate the team effort. We are almost at the end of our Will Only Client clean-up project, which has been a great success, and we appreciate all involved in this project. This is not a once off project and we look forward to the continued contact with all clients to ensure […] The post Inside Appleton appeared first on Ian Kilbride.

CADIZ BCI MONEY MARKET FUND The Cadiz Money Market Fund continues to deliver on its mandate by consistently providing returns […] The post Fund News – March appeared first on Ian Kilbride.

Dear Team Spirit As we step into the pages of our first newsletter of 2024, I am filled with pride […] The post Orion Wealth Managers Managing Director, Marc Wiese, provides an update on a brilliant H2 2023. appeared first on Ian Kilbride.

Please find your copy of the Spirit Insider updating on all companies within the Group, together with the 30th anniversary of the Spirit Foundation. Enjoy the read! The post Spirit Insider appeared first on Ian Kilbride.

The post A Simpler, Stronger, Financial Sector OMBUD System appeared first on Ian Kilbride.

Warwick Wealth has selected Appleton to provide specialist fiduciary services to its valued clients. This month, Appleton Managing Director, Lauren […] The post Wills and Estates appeared first on Ian Kilbride.

International markets review Despite the slowing Chinese economy and the implosion of its property market, continued geopolitical tensions in Middle […] The post Insights Into The Complex Local And International Markets appeared first on Ian Kilbride.

As we find ourselves in a new year, embedded within an ever-changing financial landscape influenced by global events and economic […] The post Senior Wealth Specialist, Natalie Wood, Writes On Navigating Your Finances In 2024 appeared first on Ian Kilbride.