Newsletter December 2025

Dear valued Clients & Associates

2025 has been a year filled with significant events. With the year coming to an end, we would like to touch on some of these events and the impact it has had on the financial world.

From Trump tariffs, Wars, Peace deals, Differences in the GNU related to the national budget to record highs for the JSE, S&P500 and gold price, it has certainly been an eventful year. Let’s dive in.

Locally, the GNU has weathered a few storms but kept firm. This has created positive investor sentiment which was emphasized in the mid-term budget speech. Inflation has steadied at the lower end of the reserve bank’s target range and interest rates have declined steadily. The Finance Minister has confirmed that the inflation target will be pinned to 3% per annum which should imply lower interest rates in the future.

One of the highlights to come out of 2025 is the fact that South Africa has been removed from the Financial Action Task Force’s grey list. This sends the message to international investors that South Africa is safe to invest in.

Globally, markets pulled back in the first half of the year after the initial tariff shocks but has since stabilised. Conflicts in the middle east threatened to escalate even further but thankfully reached a cease fire agreement.

👉 Please click here to see the video summarising the events of the year.

Klik asseblief hier vir die Afrikaanse weergawe van die Nuusbrief

GENERAL NEWS & COMPLIANCE

We are proud to announce that Antoni & Marco’s studies are going well. Both have passed their first year and will continue next year toward completing the Post Graduate Diploma in Financial Planning through the University of Free State. After Jana completed her financial planning qualification in 2023, she is also set to further her studies in 2026.

Towards the end of 2024 we partnered with Warwick Wealth to assist us as our Investment Specialists. We are happy to report that this partnership has flourished. Through our partnership, clients can be assured that their investments are constantly monitored to ensure that it is correctly positioned and diversified across multiple asset classes and regions to provide upside growth whilst constantly maintaining the appropriate risk rating for each Investor’s needs. We can also report that the Software & IT security systems implemented by Warwick is of the highest quality. With this in mind and the rise of AI (Artificial Intelligence) cyber-crime has also increased, we are proud to report that we offer further protection to ensure our client’s information and investments are safe & secure.

Since being grey listed in 2023, there has been a major focus on FICA compliance. We can proudly confirm we remain fully compliant with the FIC & FAIS act.
By knowing our client, we can provide personalized financial planning. By knowing who we are, clients can rest assured that their portfolios are managed by a trusted team with an established track record.

Thank you for not only entrusting us with your portfolios, but also trusting us with your family, colleagues, and friends. We are grateful for each & every referral.

RISK COVER: DEATH, DISABILITY & ILLNES

Our sincerest empathy to those who are battling an illness/injury and to those who have lost loved ones during this year.

These events have a detrimental effect on a person’s life; Risk Cover is by design there to protect you against the financial consequences of these life altering events.
It is important for Individuals with employee benefits to know that when you leave your employment you do have the option to convert your risk benefits without a full medical examination.

WILLS & ESTATE PLANNING

Sadly, a few of our clients or their loved ones have passed on in 2025.

During this difficult period, our team’s priority is to help carry the administrative burden associated with death. This affords the family the necessary time and space to grieve.

We offer the service to keep important documents safe in our secure cloud-based client folders such as: Wills, Beneficiary Nominations, Policy Information, Marital Contracts and a Copy of Title & Trust deeds. This allows us to assist promptly when these documents are requested.

Our deepest sympathies to all the families who have lost loved ones over the past year.

 

RETIREMENT & INVESTMENTS

With more than 50 years of collective experience in retirement & investment planning we are well placed to assist any client with retirement & investment planning.

2025 has been a year of remarkable returns. The information below shows the returns of the different sectors over the past year:

JSE ALSI = 33%             CPI = 3.4%            FTSE 100 = 22.3%             S&P 500 = 12.6%

Keep in mind that markets move through cycles, we are currently in a growth cycle for which we are extremely grateful, but there will be cycles of lower growth again in the future.

For this reason, we spend a lot of time to ensure that the Portfolios that we use for our investments are well diversified between asset classes and regions.

Interest earned through Banks/ Cash & Money Market products are on a downward cycle as interest rates are lowering around the world. Also keep in mind that interest earned are taxed which further erodes the investment returns. Speak to us about alternative investment options which could deliver better returns with similar risk ratings.

Remember if returns sound too good to be true they usually are. Recent examples of this include “Forever Diamonds” & “Kleuterzone”.

SHORT-TERM INSURANCE

This year we saw the short-term insurance slowly stabilize after a long period filled with claims related to extreme weather conditions and unplanned power outages. As well as increased claim costs due to higher-than-normal inflation on building & motor parts. This resulted in insurers further scrutinizing claims to ensure quotes are market related.  Although prices remain high, we have seen them stabilize which resulted in renewal increases stabilizing.

Rest assured that we remain committed to offering our clients comprehensive cover with esteemed insurers, alongside excellent personal service at competitive and reasonable prices.

Feel free to make use of our WhatsApp line on 068 720 1813 during working hours.

With the annual renewal, please read the insurance summary and our recommendations carefully and feel free to contact us with any enquiries.

 For any after-hours enquiries/ emergencies or for assistance/ claims during the festive season when our offices will be closed, the following numbers can be contacted.

OM Insure
Tel: 0860 247 365 (Claims, Emergencies, Swiftcare, Roadside assistance, Home assistance and Medical emergencies)
Tel: 0860 637 373 (General Enquiries like adding or removing items to your policy and all other changes)

Santam
Tel: 0860 505 911 (Claims, Emergencies, Roadside assistance, Home assistance and Medical emergencies)
Tel: 0860 726 826 (General Enquiries like adding or removing items to your policy and all other changes)

TAX

At TVZ our passion is first and foremost Financial Planning. Tax submissions are completed in line with the advice we provide. While we do submit tax returns and assessments on your behalf, please note that we cannot guarantee or expedite SARS refund payments, nor can we amend SARS’s standard processes or policies.

Auto-Assessments Expanded: SARS increased the number of auto-assessments from 4.8M in 2024 – 5.7M in 2025. These assessments were generated randomly between 7–20 July. Manual submissions opened on 21 July.

Important Reminders: Beware of Fraudulent SARS Emails, if you receive any emails claiming that you owe SARS, have a refund due — or any similar communication — please always check with Janneri, our tax practitioner, before taking any action. Do not click on suspicious links or open unexpected attachments to avoid security risks.

Updating Your Personal Information: If your personal information changes, please notify us promptly.

Thank You for Your Support: Janneri completes roughly 300 tax submissions each year, we thank you for your patience & understanding during the busy tax season.