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SA budget 2009: relief for consumers Wise policies followed by the government during 'the good times' allowed Trevor Manuel, minister of finance, to offer support to South Africans and help boost the economy with an expansionary budget. Lower interest rates, tax relief and increased social grants are some of the ways the government is trying to help consumers and the economy. You can read a summary of the 2009 budget in the attached local economic review. Liberty's financial position: looking after your wealth On 26 February 2009, Liberty Holdings announced better-than-expected financial results for 2008, despite the challenge of doing business in difficult market conditions. Liberty's capital adequacy - the amount of capital we must have, by law, to back the policies on our books - is 2.7 times the legal requirement, compared to 2.0 times in 2007. This is the strongest level of protection given to policyholders since 2002, giving you further peace of mind in these tough economic times that your money is invested with a prudent, well-managed company. Your budget 2009: plan and gain In his budget speech, Trevor Manuel urged South Africans to develop sound saving habits, because, "our development expenditure over the period ahead will require both improved domestic saving and continued capital flows." We've prepared an easy monthly budget spreadsheet to help you to take control of your spending and plan your saving. It's never too late to start, and the rewards are worth it! Your financial picture: getting the most out of life We've put together a short article to show how needs-based financial planning and advice can help you make the most of your finances at every stage of your life. Speak to your financial adviser, who will help you draw up a plan to meet your unique financial needs. If you don't have a financial adviser or if you have any questions about your policy, please call us on 0860 456 789 or email [email protected]. |
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Global markets review STANLIB economist, Kevin Lings, gives a short-and-sweet presentation on what's happening in the international markets. |
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Local economic review Liberty Life economist, Tendani Mantshimuli, helps us to understand the 2009 budget - how the government did it, what it means for consumers, and how we can help boost our economy. |
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Budgeting: there's power in planning! Our easy-to-use spreadsheet will help you to control your spending and plan your saving. Needs-based planning and advice Find out how to plan your finances at every stage of your life. |
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We value your trust in us and want to continue helping you understand the impact of our changing economic environment by these newsletters and articles. This understanding is vital for your financial planning. Please send us your comments and feedback via email to [email protected] Kind regards Steven Braudo Chief Executive Officer: Liberty Insurance |