| Liberty Monthly Communication |  |
June 2011 |
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The world economy is struggling to cope after some nasty surprises including political turmoil, higher oil prices and earthquakes.
While the risk of a return to recession conditions has diminished significantly in the past year, other risks, such as uneven
economic performance across regions, a potential debt default in the Euro-area and high food and energy inflation, have increased.
Locally, there is a focus on interest rates and when we can expect the first interest rate hike. Reserve Bank Governor Gill Marcus made it clear that the Bank will increase rates if inflation moves out of target; however, the Bank has raised concerns about economic recovery. Find out more in our local and global economic reviews. |
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At the beginning of the year we provided a month-by-month guide to organising your finances. We are now halfway through the year, so it is worth reviewing your finances by reading our article Are you on track? If not, we provide simple ways to start getting your finances in order. Part of being on track is making sure your policies are up to date. I read with interest articles about former Springbok rugby player Joost van der Westhuizen who told the media that when he was diagnosed with Motor Neuron Disease, he checked if his policies would take care of his children. Insurance is something you hope you will never need, but when you do need it, it is invaluable. The article When life happens is based on a letter from one of our customers and is a reminder that while life can sometimes feel like the roll of a dice, there are ways to stack the odds in your favour. This is also the time of year that you will be getting your tax documents in order. Clients can obtain their Liberty tax documents from our website www.liberty.co.za or call us on 0860 456 789. |
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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 highlight that the first half of this year has had some nasty surprises and the world continues to look dangerously out of balance. Read more. Weekly economic updates
The Weekly Focus is a commentary on markets, economic 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.stanlib.com. |
Local economic review
Liberty Life consumer economist, Tendani Mantshimuli writes about the Monetary Policy Committees decision to keep rates on hold. Read more. |
Reviewing your finances
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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." |