It was something to witness. At Crossways Hotel in Hilton, a group gathered, green-clad and geared for a gargantuan clash … all for a coveted gold cup.
I joined a few friends and family to watch the World Cup final, an event that seemed so much more than a game of rugby. I am always amazed at how sport unites a nation: we quickly forget about our turbulent and divided past and all live in the moment together as one.
South Africans are united in diversity and although divisions still clearly exist, we can achieve so much more when individuals come together and commit to a cause. President Cyril Ramaphosa affirmed this when he said that it showed what South Africans can achieve when they worked together for success.
Springbok Coach, Rassie Erasmus inspires us to serve our country following the triumph:
“Rugby should be about giving people hope through the way you play … about bringing people together to forget their problems for a while. It may not be our responsibility as rugby players to do that, but it is our privilege.”
Moody’s puts us on watch
We awoke that same morning to the news that Moody’s global credit rating agency has downgraded its outlook for South Africa. We are now on “negative watch”, the last before a downgrade to “junk status”, something we desperately need to avoid as this could set us back for many years.
The pressure is on our Government to devise serious plans for significant change in time for the Budget in February 2020.
Chartered hosted Investec Asset Management’s Jeremy Gardiner in October to share his latest views on the economy. We may see many negatives locally, but there is so much at play globally. Brexit has now been delayed until end January 2020 and Trump will be aiming for a second term re-election in November 2020. You can read Jeremy Gardiner’s article on the subject here.
Despite it being a volatile year for the markets, our JSE from 2 January to 1 November this year has returned 10.5%, and the dollar has strengthened by 3.5% to the rand.
At Chartered we continue to reinforce the importance of remaining invested and ensuring your investment strategies are adequately diversified both locally and globally to weather these uncertain times.
Chartered grows and expands
We are excited to have opened our Cape Town office. We are confident that Tom Brukman, who has been with us for five years in Johannesburg, will lead the business in Cape Town in line with our Chartered culture of excellence.
We congratulate Tom and his wife, Laura, as they will be welcoming their own tiny addition to their family. Marc Moir will be joining Tom from our Johannesburg office as an Articled Planner in the Cape Town office.
In Port Elizabeth we are delighted that Hayley Giuricich is joining Don and his team. Hayley is a Chartered Accountant and Certified Financial Planner® and I have no doubt she will be a huge asset to the Eastern Cape office. We wish Paul and Shené Greenwood a very happy marriage, and congratulate Don and Tracy Adams on the birth of Luke Michael.
I wholeheartedly congratulate Esther Mabunda for qualifying as a Certified Financial Planner® and on achieving her advanced Postgraduate Diploma in Financial Planning. We are very proud of her growth and achievements.
Finally, on behalf of the Chartered Family, I thank you for your support and contribution to Chartered over the past year. We are always grateful for the time we share together and the many insights you give us as we continue to strive to be the leading retirement planning business in South Africa.