Festive greetings from HGG

The HGG Financial Group wishes all our clients, colleagues and friends a very blessed festive season. May you have time to relax and reflect on the past year as we approach the end of 2018.

It’s time to wrap up 2018

The HGG Financial Group thanks all our clients for your continued support during 2018. It has been a year of great growth and innovation on many fronts, but now it’s time to take a break.

Your child’s education is the best investment

A sound investment strategy can ensure that your children’s education is covered – from primary school to tertiary level. HGG Wealth has some valuable advice.

A good education gives your children an undisputed advantage in the future.

Get to know the HGG Wealth team

HGG Wealth benefits from the expertise and experience of a team of wealth managers. In the previous newsletter, we examined the concept of wealth and why wealth planning is important. In this issue, we ask the people behind HGG Wealth to tell us more about themselves, and why they enjoy what they do.

Empowering women and girls with IT skills

The Saartjie Baartman IT Centre for Women and Girls recently opened its doors in Athlone. According to Tina Thiart, 1000 Women Trustee, this IT Centre is one of just a few in South Africa that provides a safe space where women and girls can access technology training and services. 

Switch or stay for a healthy 2019?

HGG Wealth advises you on how to choose the best medical aid for the new year.

Get that feel-good factor on the greens

Have you heard? ForwardFund’s fifth annual Golf Day takes place at Clovelly Country Club on Thursday, 22 November 2018. Why not beat the end-of-year blues by taking a day off for a good cause?

We’re doing something new …

The HGG Financial Group is excited to announce our sponsorship of a number of lifestyle and sporting initiatives in the coming months. 

Tyd met Aleit is back by popular demand

South Africans love Tyd met Aleit and that is why the HGG Financial Group is excited to announce that we are renewing our sponsorship for the third season of this popular lifestyle programme.

The B-BBEE updates you should know about

The Minister of Trade and Industry, Rob Davies, announced amendments to the B-BBEE codes for the construction, agricultural and financial sectors in December 2017. Here’s a quick overview of some of the main updates, brought to you by HGG BEEadvised:

Celebrating fabulous females in Women’s Month

HGG NPO Sustainability Solutions salutes all South Africa’s amazing women this month.

Join HGG NPO Sustainability Solutions at the Artscape Theatre Centre for a very special Women’s Month workshop entitled “I Am Enough”.

Starting your own business? Here’s what you need to know …

Starting a new business can be very rewarding, but there are also many possible pitfalls in the first few years. HGG Consult director Casper Marais shares his tips for starting a new business successfully, and how to ensure that it thrives in the years to come.

Banking services that suit your needs

Enjoy a host of benefits when HGG Wealth acts as your private banker.

Banking doesn’t have to be a hassle that includes long queues and unanswered e-mails. HGG Wealth offers our clients a wide range of banking services with leading banks, such as Nedbank, Mercantile Bank, Grindrod Bank and ABSA (foreign exchange transactions).

Act now so you can relax during retirement

The experienced team at HGG Wealth can help you ensure that your future is financially sound.

Keep your record clean by submitting all tax returns

HGG Professional Accountants advises its clients that the South African Revenue Service (SARS) has embarked on a new initiative with the National Prosecuting Authority (NPA) to prosecute taxpayers who fail to submit tax and VAT returns.

The advice you trust in a brand-new space

Helderberg Insurance Brokers (HiB) has a new home. After moving at the end of March this year, we are now settled in and want to welcome you to our brand-new premises at 11 Fagan Street, Somerset West.

Lower interest rates offer investment opportunities

HGG Wealth advises what you should be doing with your money right now.

In late March this year, the monetary policy committee (MPC) of the SA Reserve Bank (SARB) announced its decision to cut interest rates by 25 basis points, or 0.25%.

ForwardFund Academy lights the way for skills development

ForwardFund Academy officially opens its doors on Tuesday, 10 April 2018. Situated at the Solaris Office Park in Kommetjie Road, Sunny Acres, the Academy launches with an exciting one-year course in film and television studies in partnership with Bryony Roughton, owner of SAY ME (South African Youth Media Education). 

How the new VAT affects you and your business

As you are probably aware, the Minister of Finance announced an increase to the value-added tax (VAT) rate in his National Budget speech on 21 February 2018. The standard rate of VAT will increase from 14% to 15% with effect from 1 April 2018.

HiB is on the move

We’re moving, but not very far … Our new, modern offices are situated just across the road at 11 Fagan Street, Somerset West.

Your guide to the 2018 Budget

Finance Minister Malusi Gigaba started his National Budget speech on 21 February by describing it as a “tough, but hopeful budget”.

Good, green fun

There’s no better way to spend Tuesday, 20 March 2018 than at the ForwardFund Golf Day. Take a moment to imagine yourself on the beautiful greens at Arabella Country Estate – and then go ahead and enter.

A proud sponsor of local excellence

The HGG Financial Group is proud to announce that we have renewed our sponsorship of the very popular Tyd met Aleit TV series for its second season.

Let’s talk about tax

Welcome to 2018. It’s a brand-new year, which means there’s a new tax year around the corner too. HGG Professional Accountants takes you through the main tax requirements you should know about in 2018:

Wishing you a blessed festive season

The HGG Financial Group extends our warmest festive greetings to all our clients, colleagues and friends. May you have a very blessed time together with your families as you take time off during the festive season.

Time to take a break

As 2017 draws to a close, we are immensely grateful for the loyal support of all our clients and colleagues.

Our banking services have expanded substantially

We have exciting news for those seeking world-class financial services: HGG Wealth has expanded its range of banking and foreign exchange products.

HGG clients save with MedicAlert®

We have exciting news for HGG Financial Group clients: Join MedicAlert® in November 2017 and you’ll save the registration fee of R181.

Important update to legislation regarding loans to trusts

Proposed legislation that affects the tax treatment of loans made to trusts is likely to have significant implications for your estate planning, particularly if a trust is involved. Here’s what you need to know about the amendments proposed to section 7C of the Income Tax Act.

Select your medical cover for 2018

The time has come to review your medical cover for 2018. Between 1 November and mid-December this year you will be given the opportunity to adapt your medical cover for next year.

Your hole-in-one can help those in need

The ForwardFund Annual Golf Day is your chance to show off your skills on beautiful golfing greens, while simultaneously contributing to the needs of pre-approved non-profit organisations.

Date: Thursday, 16 November 2017
Time: First tee-off at 11:00
Venue: Clovelly Country Club, Clovelly

Invest with your future in mind

Investing in your financial future is non-negotiable. "Don't make the mistake of assuming that your pension fund will provide for all your retirement needs; it's essential to provide for yourself via other investment channels too," advises HGG Wealth director Niek van den Berg.

Celebrate women and be inspired

ForwardFund invites you to attend their inspiring Women's Day High Tea at the Lourensford Market on Saturday, 12 August 2017. "This event has become a highlight on the ForwardFund calendar as it allows us to showcase the work of some of our extraordinarily talented female entrepreneurs," says director of ForwardFund, Tina Thiart.

Insure your property!

The recent Knysna fires caused billions of rand of damage. How can you make certain that your property is adequately insured in case of such a disaster?

"Fire is a standard insured risk in any policy that insures assets. Most building insurance policies also cover additional costs related to fire extinguishing, debris removal, demolition, professional fees as well as temporary alternative accommodation," says Johan Potgieter, director of Helderberg Insurance Brokers (HiB).

It's time to tackle your income tax return

The 2017 tax season for individuals opened on 1 July 2017. The year of assessment concerned is 1 March 2016 – 28 February 2017. During tax season, you need to submit your income tax return (ITR12) so that the tax on your income can be reconciled with the tax-deductible expenses for the year of assessment.

How does the FIC Amendment Act affect your business?

HGG Financial Group brings you up to speed on this important piece of recent legislation and what it means for you as a business owner.

Why do we have an FIC Amendment Act?

South Africa is a member of the Financial Action Task Force (FATF), an international organisation that aims to prevent financial crime. Previously, South African financial institutions were regulated by the Financial Intelligence Centre Act (FIC Act) of 2001.

HiB is best in the Boland - yet again!

Helderberg Insurance Brokers (HiB) has claimed top honours at the Santam Broker Awards function for the second year running. HiB was awarded the Diamond Award for best brokerage in the Santam Boland Region at the prestigious function held in June this year.

Your guide to B-BBEE by HGG BEEadvised

On 1 May 2015, an update to the Codes of Good Practice for Broad-based Black Economic Empowerment (B-BBEE) came into effect. The revisions to the Codes had a considerable impact on the B-BBEE compliance levels of South African companies.

Outstanding service is of the utmost importance

As an authorised financial services provider (FSP no. 44905), HGG Wealth puts a high premium on outstanding service. With this in mind our wealth managers work with you to analyse your future financial needs and provide the best possible customised advice.

Plan ahead for peace of mind

It's easy to feel unsure about the financial landscape in South Africa at the moment. The country's recent downgrade to junk status by two international ratings agencies, deprecation of the rand and rising inflation are all cause for concern. The good news is that sound financial planning will always help to safeguard your financial security and ensure your long-term wealth.

Lights, camera, action...

The HGG Financial Group has started 2017 on a very exciting note. Not only do we have a brand-new website to boast with, but we're also the proud sponsor of Tyd met Aleit, an exciting new TV series that will be screened on kykNET from April onwards.

Tyd met Aleit is a weekly series, which starts on 5 April and will air at 17:30 every Wednesday on kykNET (channel 144). In the programme, Aleit Swanepoel, well-known events guru and founder of the Aleit Group, visits the homes of a number of South African personalities and shows them how to create beautiful table décor, while also presenting them with a challenge in the form of a surprise basket.

Take a stand against abuse

HGG Financial Group is proud to be associated with the annual 1000 Women 1 Voice event in Cape Town. We invite you to join us for lunch on 11 May 2017 to take a stand against violence directed at women and children.

Get your fair share

A shareholders' agreement is an essential document for any company that issues shares. HGG Consult can help you set up this important document and also explain what it is designed to do.

What 2017's budget means for you

Finance Minister Pravin Gordhan's 2017/2018 budget speech is clear evidence of the challenging financial situation in South Africa. But while the budget may have provided little comfort to upper income earners, it is likely to appease the international ratings agencies in the interim. Gordhan's insistence on maintaining financial discipline and containing government debt (which now amounts to more than 50% of GDP) has sent a solid message regarding the financial integrity of the National Treasury.

Insurance risks and your responsibility

Keep your insurance cover intact by reporting material changes in risk to your insurer, advises Helderberg Insurance Brokers (HiB).

To ensure that your insurance cover is valid at all times, you must inform your insurer when your level of risk changes. In fact, the insurance company is entitled to declare your entire policy as invalid if you:

Get tax savvy

Here's what you need to know to stay on top of your tax requirements in 2017.

Tax deadline – two words that may leave you feeling less than inspired… The good news is that HGG Professional Accountants is here to help. Please don't hesitate to contact us for advice or assistance with any of the taxes listed below.

It's going to be a great year…

The HGG Financial Group is excited about the many opportunities that lie ahead in 2017. Whether you're a small business owner, an entrepreneur, a budding tycoon or a dynamic NPO, we have efficient, capable staff members and directors who can assist you with all your business needs. Here's how our eight divisions can give your business ventures the extra edge: