How the rich can afford that Bugatti or Yacht for Xmas
If you’ve got $10 million, you could have a nice jet, yacht, home and a holiday home with 60% leverage across all four assets.
If you’ve got $10 million, you could have a nice jet, yacht, home and a holiday home with 60% leverage across all four assets.
The South Africa Wealth Report also suggests that the wealthiest haven’t increased their wealth exponentially over the past decade.
You don’t need to be super rich to be financially free, but you do need to work hard and broaden your horizons to make that dream come true.
Young adults born roughly between the early 1980s and the early 2000s are approaching midlife. Inevitably this raises the question, just how well-equipped are many of them to manage, grow and protect their wealth?
Gerhard Papenfus explains how now is not the time for whites in South Africa to succumb to constant attacks but rather stand up, overcome their prejudices, embrace non-racialism and help to contribute to South African society.
Daniel Silke says a credible Pravin Gordhan ultimately did what he could do at the 2017 Budget, and was stymied by political and policy paralysis. If he’d gone any other route, he may have fast-tracked his own exit.
Commenting on the state of the nation and articulating his vision, Mteto Nyati, CEO of MTN SA, says South Africa is a nation that has a puzzled and bewildered sense of identity.
Gail Day looks at the unemployment challenge facing South Africa and says if government wants higher wages, it must choose more freedom not less.
One of UCT vice-chancellor Max Price’s solutions to the fees debacle is for the country’s rich to pay higher fees. The Institute of Race Relations’ Sara Gon offers another idea.
What really gets Winnie Byanyima angry is how much wealth has been accrued through “tax planning” – the way billionaires use offshore tax havens.