scholarly journals Exploring Adequate Retirement Funding in South Africa: A KwaZulu-Natal Financial Planner’s View

2020 ◽  
pp. 154-157
Author(s):  
Shagaran Rathnasamy ◽  
Jugjith Deodutt
Keyword(s):  
South Africa ◽  
Financial Planning ◽  
Planning Process ◽  
Well Being ◽  
South Africans ◽  
Economic Trends ◽  
Planning Institute ◽  
Definition Of ◽  
Social Demographic ◽  
Corporate Downsizing

The development of several social demographic and economic trends have created the interest among financial analysts and the general population in planning for retirement. By the year 2021 the number of South Africans past retirement age will be an estimated 4.4 million which should account for approximately 7.3% of the country’s population (currently 3.8 million or 6.8% of the population) (Statistics South Africa, 2016). The increase in South Africa’s population at large and longer retirement periods have raised questions about financial preparedness for retirement. Economic issues such as corporate downsizing, capped employer retirement contributions, changing of jobs for greater remuneration and increased daily living costs have shifted the responsibility for retirement financial well-being from employers to individuals. Adequate retirement provision does not necessarily only affect the retiree but also the family unit of the retiree as a whole, as the vast majority of households in developing countries such as South Africa rely solely on one breadwinner. A global financial planning survey “was conducted by the FPI in 2015. The survey shows that only 38% of South Africans are confident that they will achieve their financial life goals, with 55% indicating that they do not know where to start with financial planning Financial Planning Institute of South Africa (2015), Gustman et al. (1995), as sited in Greninger et al. (2000) reported that, “there is no consensus in literature regarding the definition of retirement. If we do not understand the meaning of retirement, is it possible to judge whether a population is financially prepared?” This question underlines the importance of gathering informative qualitative data such as goals and risk tolerances and quantitative data, in order to develop a capital needs analysis to establish how clients can successfully meet their retirement goals. This paper aims to explore the role of the Financial Planner in the retirement planning process.

scholarly journals The Powers of the Court in terms of Section 7(2) of the Domestic Violence Act 116 of 1998: KS v AM 2018 (1) SACR 240 (GJ)

Obiter ◽  
2019 ◽  
Vol 40 (3) ◽  
Author(s):  
Moffat Maitele Ndou
Keyword(s):  
South Africa ◽  
Domestic Violence ◽  
Well Being ◽  
International Human Rights Law ◽  
Rights Of The Child ◽  
Legal Remedy ◽  
Wide Range ◽  
The Republic ◽  
Definition Of ◽  
The Right

The preamble of the Domestic Violence Act (116 of 1998) (DVA) recognises that domestic violence is a serious social evil and that there are high incidences of domestic violence in South Africa. The preamble further recognises that:a) victims of domestic violence are among the most vulnerable members of society;b) domestic violence takes many forms and may be committed in a wide range of domestic relationships; andc) the remedies previously available to victims of domestic violence have proved to be ineffective.The Constitution of the Republic of South Africa, 1996 (the Constitution) provides various rights that are also applicable to victims of domestic violence. The Constitution guarantees the right to dignity and to freedom and security of the person (see ss 10 and 12 of the Constitution respectively). Domestic violence against any person is a violation of these rights. The DVA further recognises that South Africa has international commitments to end violence against women and children in terms of the United Nations Convention on the Elimination of all Forms of Discrimination against Women and the Convention on the Rights of the Child. A right not to be subjected to domestic violence may not be specifically mentioned in international human rights law instruments, but freedom from all kinds of violence and the right to equality and human dignity is generally emphasised.The purpose of the DVA is to provide a legal remedy in the form of an interdict that prohibits a person from violating the rights of the complainant. In order to give effect to this purpose, section 7(1) of the DVA provides that the court may grant a protection order to protect the rights of the complainant. Section 7(2) of the DVA further grants the court the power to impose any additional conditions that it deems reasonably necessary to protect and provide for the safety, health or well-being of the complainant.In KS v AM (2018 (1) SACR 240 (GJ)), the court found that section 7(2) of the DVA empowered the court to order the seizure of the respondent’s digital equipment to remove any photograph, video, audio and/or records relating to the complainant. This case note examines the decision in KS v AM (supra) and determines whether the decision is justifiable in law. The definition of domestic violence is discussed first and thereafter the remedies available in terms of the DVA are examined. A discussion of the judgment in KS v AM (supra) follows.

scholarly journals The Case of South Africa

2021 ◽  
Vol 11 (1-2) ◽  
pp. 85-110
Keyword(s):  
South Africa ◽  
Working Class ◽  
Economic System ◽  
Economic Crisis ◽  
Political Power ◽  
Well Being ◽  
Political Struggle ◽  
South Africans ◽  
The Poor ◽  
Ruling Party

Multiple crises have emerged in South Africa in the wake of the COVID-19 pandemic. General well-being is in severe danger from the immediate effects of the virus and the longer-term impact of hunger due to a growing economic crisis. While the working-class majority struggle, there is a political struggle for political power playing out among factions in the ruling party. These tensions flared up in the wake of President Jacob Zuma’s imprisonment in July 2021, leading to widespread unrest and destruction. These experiences point to a failing economic system that neglected the poor. If this neglect continues, then this unrest may continue. In making this argument, I base my analysis upon the views of political luminaries such as Neville Alexander, Archie Mafeje, and Roger Southall. Their views are linked to the experiences of many South Africans during the pandemic.

Investment Planning: Identification of Conditions

2018 ◽  
Vol 6 (1) ◽  
pp. 33-37
Author(s):  
Е. Мелай ◽  
E. Melay ◽  
Анна Сергеева ◽  
Anna Sergeeva
Keyword(s):  
Financial Planning ◽  
Well Being ◽  
Tactical Planning ◽  
Investment Planning ◽  
Planning Stage ◽  
Financial Condition ◽  
Operational Policies ◽  
The Face ◽  
Definition Of

Financial planning is the process of developing a set of strategic and tactical planning documents that define the goals, objectives and means of their implementation in the field of investment, financial and operational policies. The initial planning stage should be an assessment of the situation in the selected planning area. When planning investments, this is an analysis of the financial condition of the organization, reflecting the conditions for investment. Planning your own investments in your business, as well as investing in other business is carried out in conditions of financial well-being. The organization will be investment attractive in the face of unfavorable financial condition, if the financial condition of the organization is not a significant factor for the investor when choosing the object of investment. To conclude on the financial well-being of the organization can be based on the definition of the financial state scoring of the organization according to the proposed methodology.

scholarly journals Giving Effect to Refugee Children’s Fundamental Rights to Life and a Basic Education

Obiter ◽  
2019 ◽  
Vol 40 (3) ◽  
Author(s):  
Erika Serfontein
Keyword(s):  
South Africa ◽  
Inclusive Education ◽  
Basic Education ◽  
Well Being ◽  
Transition To Democracy ◽  
Fundamental Rights ◽  
Refugee Children ◽  
South Africans ◽  
Legislative Framework

A gap in research on the violation of the rights of refugee children to well-being and education – both prerequisites for living a good life – has been recognised internationally as well as nationally. This article endeavours to partially fill this gap by (a) presenting a background to the situation of refugees in South Africa in general and refugee children in particular, (b) delineating relevant concepts, (c) explaining the international and national legislative framework applicable to refugee children, (d) clarifying the role of education in the life of refugee children, (e) identifying the various challenges such children present for an inclusive education system, as well as (f) drawing conclusions and making recommendations on overcoming these challenges.South Africa has experienced an overwhelming growth in refugees since its transition to democracy in 1994. In contrast to the 1951 Convention,1 which defines a refugee as someone who is incapable or reluctant to return to their country of origin owing to a justified fear of being oppressed on the grounds of race, religion, nationality, membership of a particular social group, or political opinion, studies found that refugees and their children from the rest of the African continent, as well as from as far afield as China, Bangladesh and Pakistan, mainly flee to this country to escape conditions of poverty, civil discord and even war in search of a better life. Instead of being welcomed, however, refugee children are often met with intimidation, hate, xenophobia, aggressive nationalism, exclusion and discrimination by South Africans on a daily basis.By concentrating on refugee children and probing the results of significant studies indicating the persistent challenges facing the realisation of inclusive education in South Africa, the author advocates a humanitarian approach to refugee children in order to respect their dignity whilst recognising their rights to life and a basic education within the borders of South Africa.

scholarly journals THE SOCIAL DIAGNOSTICS OF STROKE-LIKE SYMPTOMS: HEALERS, DOCTORS AND PROPHETS IN AGINCOURT, LIMPOPO PROVINCE, SOUTH AFRICA

2004 ◽  
Vol 36 (4) ◽  
pp. 433-443 ◽  
Author(s):  
◽  
GILLIAN LEWANDO HUNDT ◽  
MARIA STUTTAFORD ◽  
BULELWA NGOMA
Keyword(s):  
South Africa ◽  
South African ◽  
Agricultural Development ◽  
Well Being ◽  
Limpopo Province ◽  
Health Seeking ◽  
South Africans ◽  
The Social ◽  
The University ◽  
Surveillance Area

This paper focuses on the clinical and social diagnostics of stroke-like symptoms in Limpopo Province, South Africa. The research questions addressed here are: what are the lay understandings of strokelike symptoms and what are the health-seeking behaviours of Tsongan Mozambican refugees and South Africans in this area? The study site is ten villages in the Agincourt sub-district of Limpopo Province which are within the health surveillance area of the Agincourt Health and Population Unit (AHPU) of the University of Witwatersrand. The population are Tsongan who speak Shangaan and comprise self-settled Mozambican refugees who fled to this area during the 1980s across the nearby border and displaced South African citizens. The latter were forcibly displaced from their villages to make way for game reserves or agricultural development and moved to this area when it was the former ‘homeland’ of Gazankulu. The team collected data using rapid ethnographic assessment and household interviews as part of the Southern Africa Stroke Prevention Initiative (SASPI). The main findings are that stroke-like symptoms are considered to be both a physical and social condition, and in consequence plural healing using clinical and social diagnostics is sought to address both these dimensions. People with stroke-like symptoms maintain their physical, mental and social well-being and deal with this affliction and misfortune by visiting doctors, healers, prophets and churches.

scholarly journals MP Finance Group CC (In Liquidation) v C: SARS: Adding to the financial hardship of victims of illegal transactions

2019 ◽  
Vol 19 ◽  
pp. 121-138
Author(s):  
J MP Venter ◽  
W R Uys ◽  
M C Van Dyk
Keyword(s):  
South Africa ◽  
Income Tax ◽  
South Africans ◽  
Contractual Relationship ◽  
The Supreme Court ◽  
Gross Income ◽  
The Republic ◽  
Definition Of ◽  
The Relationship ◽  
Court Of Appeal

This article analyses the interpretation of the phrase “received by, accrued to or in favour of” in the gross income definition of the Income Tax Act, as applied to illegal receipts. During the last few decades, South Africans have been victims of a number of Ponzi-type schemes. In MP Finance,1 the Supreme Court of Appeal considered whether illegal receipts received by the Krion Ponzi-type scheme should be included in gross income. After considering the relationship between the taxpayer and the fiscus, the court concluded that, as from a specified juncture, the taxpayer received the amount for its own benefit and it should therefore be included in gross income. The court recognised that the contractual relationship between the investor and the scheme (taxpayer) could in fact be void, resulting in the investor having a right to recover the investment from the taxpayer. The court did not consider whether the levying of income tax on amounts received by the operator of the scheme could infringe on the investor’s right to property espoused under the Constitution of the Republic of South Africa, 1996. It is submitted that the levying of tax does infringe on this right as it reduces the amount that could be recovered from the scheme because the original investment in the scheme is void.

scholarly journals A practical exploration of the feasibility of Integrative Multidisciplinary research from a broad ecohealth perspective in South Africa

2011 ◽  
Vol 7 (2) ◽  
Author(s):  
E S Van Eeden
Keyword(s):  
South Africa ◽  
Research Methodology ◽  
Research Question ◽  
Well Being ◽  
Research Process ◽  
Multidisciplinary Research ◽  
Primary Research ◽  
Broad Definition ◽  
The Status ◽  
Definition Of

This discussion is a deliberation on the progress towards the possibility of carrying out feasible research according to an Integrative Multidisciplinary (IMD) research methodology (theoretically and practically). To explore the IMD research methodology, a group of researchers from several disciplines started discussions in early February 2011 to plan a pilot research process in the Bekkersdal Township of the municipal region of Westonaria (Gauteng, South Africa). It was decided that the focus of research would be on exploring a broad definition of ecohealth to accommodate several disciplines and to attempt to produce a “package” of research results from many disciplinary angles. These results will eventually be discussed and refined through interdisciplinary (ID) and transdisciplinary (TD) research phases to “contain” consolidated reflections of the status of the well-being of the Bekkersdal community. However, the primary research question remains: whether it is possible to do research using IMD methodology, and whether this proposed methodology is more promising and constructive as an aid to understanding and disseminating research from various disciplinary angles than other methodologies.Keywords: Integrative Multidisciplinary research; ecohealth; Bekkersdal township; Westonaria; Gauteng; environment; humanities; social sciencesDisciplines: History; Ecohealth; Multidisciplinary

Ontological Well-being and the Effects of Race in South Africa

2020 ◽  
Author(s):  
Crain Soudien
Keyword(s):  
South Africa ◽  
South African ◽  
Well Being ◽  
Social Attitudes ◽  
Social Difference ◽  
The South ◽  
South Africans ◽  
Self Confidence ◽  
Prejudice And Discrimination ◽  
Analyze Data

The concept of ontological insecurity draws attention to uncertainty, instability, and threats to autonomy, as these relate to people’s identities. It has connections to the idea of practical consciousness or the cognitive and emotive anchors that enable people to feel secure. The experience of racism has important implications for ontological insecurity. Racism as an experience profoundly dehumanizes a person. Despite the multiple affinities ontology has with questions of race and inequality, the idea of ontological insecurity has not been used widely in discussions of social difference. The concept can help explore the effects of prejudice and discrimination as they relate to a person or group’s whole sense of being. These ideas are used to analyze data from the South African Social Attitudes Surveys conducted between 2003 and 2016. In the surveys young South Africans report feelings of dampened capacity—a diminishing of their self-confidence. Race was a factor in these feelings; however, it was not determinative in a totalizing sense.

Politics and Human Welfare: Retinitis Pigmentosa Patients in South Africa

1990 ◽  
Vol 84 (6) ◽  
pp. 249-252
Author(s):  
B.W. McKendrick ◽  
M. Leketi
Keyword(s):  
South Africa ◽  
Retinitis Pigmentosa ◽  
South African ◽  
Well Being ◽  
Disabled People ◽  
Human Welfare ◽  
South Africans ◽  
Therapeutic Services ◽  
The Impact ◽  
Visually Disabled

Many welfare organizations serving visually disabled people limit their role to restorative and therapeutic services. In changing apartheid South Africa, the well-being of visually disabled people is still affected by racial division in society. By examining the impact of apartheid on the well-being of African and white South Africans with retinitis pigmentosa, evidence is presented to justify the involvement of South African welfare organizations in the wider political and social change process.

Sign in / Sign up

Export Citation Format

Share Document