On 18 July, in a small attempt to do our bit on Mandela Day, the extended DTB family gave a couple of hours of our time to the people who need help most. It was the least we could do to combat the glaring inequalities in South Africa.

Ronald Reagan called inflation “as deadly as a hit man”. And, for any investor, it really is the biggest enemy you face. Usually, you don’t notice it. Even though you know that R1,000 today will buy you less than R1,000 did five years ago, this normally happens in a…

You might remember thinking back to school or university days learning about Maslow’s hierarchy of needs pyramid. Just to remind you, in 1943 Abraham Maslow, an American psychologist proposed in his research paper a theory around the theme of human motivation. Maslow…

Some of our clients say they do not usually read business books. Here is a book that could be the exception. This one is engaging, very relevant and certainly does not disappoint. We all live in a material world. From the food we eat and the fuel we burn to the many…

Legend has it that the great financier JP Morgan was once asked by a young investor for his opinion on where the stock market would go. Morgan is said to have replied: “Young man, I believe the market is going to fluctuate.” Morgan was perhaps stating the obvious….

Many of our retired clients have more than one source of income. They may receive pensions or annuity payments from different companies or policies. Until March this year, all of these were taxed separately. The total income was not taken into account when PAYE was…

The budget in February brought some very welcome news for South African investors. The limit on how much you could invest offshore in a pension fund or retirement annuity was increased from 30% to 45%. This is a substantial move, and has very positive implications….