| Liberty Monthly Communication |  |
March 2011 |
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Globally we have seen food prices rise by 10% within a few months. Weather conditions, competition
from biofuel manufacturers, and increased demand and consumption have pushed up food prices. Although
South Africa's food inflation has been contained so far, we will see the impact of higher food prices
in the year ahead.
On the local front, once again Finance Minister Pravin Gordhan has walked the tightrope between ongoing demands to spend more coupled with a squeeze on revenue due to a weaker economy. Overall the budget was welcomed, but all eyes are now on government to deliver on job creation. Find out more in our local and global economic reviews. |
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South Africa's budget has been voted the most transparent in the world. National Treasury has done a remarkable job in improving South Africa's national budget. In What we can learn from the national budget, we apply some of the national budget principles to managing our household budgets. The national budget presented significant changes to retirement funding, including an increase in the amount you can save with before-tax income as well as a signal by government to phase out provident funds. Rowan Burger takes a closer look in Changes to retirement savings. In the budget speech, the Minister raised the importance of savings and the need for South Africans to save more. Retirement savings can be a grudge purchase. Money for nothing is a true story about a Liberty customer who saved a small amount each month and grew a significant retirement nest egg. |
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Thank you for the feedback we have received on these newsletters so far. Your comments and suggestions will help us to give you relevant information for planning and managing your finances. Please keep talking to us and telling us what you think! You can email your comments to [email protected] 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] Kind regards Steven Braudo Chief Executive Officer: Liberty Retail SA |
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Global economic review
STANLIB economists Kevin Lings and Laura Jones raise concerns over the price of food. Read more. Weekly economic updates
The Weekly Focus is a commentary on markets, economies and investments prepared by Paul Hansen and Kevin Lings of STANLIB. You can read the latest developments every Tuesday by following the link on www.liberty.co.za |
Local economic review
Liberty Life consumer economist, Tendani Mantshimuli, analyses the National Budget. Read more. Investment portfolio information
Investment portfolios offered by Liberty: performance, risk profiles, asset allocation. Click here. Online Policyholder Servicing
Download tax certificates, view policy values and other information, update your details. Click here. |
The Budget and You
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"Liberty Group is an Authorised Financial services Provider in terms of the FAIS Act (Licence no. 2409). The information contained in this communication, including attachments, is not to be construed as advice in terms of the Financial Advisory and Intermediary Services Act of 2002 ("FAIS") as the writer is neither an appointed representative of Liberty, nor a licensed financial services provider as contemplated in FAIS. Please consult your financial adviser should you require advice of a financial nature and/or intermediary services." |