| Liberty Monthly Communication |  |
July 2011 |
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South Africa's inclusion in the BRICS forum creates important opportunities for both the country and the
continent. By 2015, the combined output of the BRICS countries is expected to exceed that of the United
States, with the total value of their gross domestic product (GDP) accounting for more than 22% of the
world's total.
Recent economic data shows South Africa's economy has grown strongly. Consumer spending is picking up, suggesting that consumers are feeling more optimistic. However, consumer debt levels remain a concern especially as we move towards a higher interest rate environment. Manufacturing activity is positive but sustained growth for our manufactured exports rely on the strong growth of the economies of our global trading partners. Find out more in our local and global economic reviews. |
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There is always a debate as to whether one should first settle debt before starting a savings plan, as debt increases your financial vulnerability. We take a look at the debate and how you can strike a balance between accumulating wealth and paying off debt in Balancing debt and Savings. One of our financial advisers, Onalenna Disipi, gives us her perspective on the challenges facing customers in today's economic environment and recommends how to tackle debt in order to start accumulating wealth in An Adviser's Perspective. |
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This is also the time of year that you will be getting your tax documents in order. We will be emailing IRP5 / IT3a tax certificates shortly. The emails will be encrypted (password protected) to prevent unauthorised people from opening them. Please call our Contact Centre on 0860 456 789 if you have any questions about the certificates. Email queries may be sent to [email protected] |
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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 consider the opportunities for South Africa in becoming a member of the BRICS forum. 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 looks at the latest economic data and what it tells us about our economy and the challenges ahead. 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. |
Debt versus Savings
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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." |