Money matters of the super wealthy tops agenda at Elite Wealth Conference
“We are excited to bring this conference for the first time to South Africa,” says Christelle Colman, MD of Elite Risk Acceptances, a wholly owned subsidiary of Old Mutual Insure. “There is no doubt that COVID-19 has impacted the spending habits of the super-rich. This Conference will share valuable insights from international and local speakers that will equip attendees to better serve and understand this niche market in SA.”
South Africa’s super rich set to grow
The global pandemic may have changed the world, but for the super-rich, who spend their money on flash properties, fast cars, superyachts, luxury handbags and other goods, COVID-19 only increased their spending power. According to Statista.com, the world’s leading billionaires added over one trillion dollars to their collective wealth during the pandemic.
How to make sure your diamonds are forever
February is known as the month of love. If you are planning to say ‘I love you’ with a diamond, whether getting engaged or celebrating a wedding anniversary, read this to ensure its sparkle lasts as long as your love.
How to protect your wine investment during uncertain times
The booze ban has been lifted and the alcohol industry is breathing a sigh of relief. But for those who have sought safety from market volatility by investing in alternative asset classes such as fine wine and whiskey, the uncertainty created by the pandemic is far from over.
South African Art Collection
SOUTH AFRICAN ART COLLECTIONS: AN INCREASINGLY VALUABLE ASSET Why not put your year-end bonus into an investment you can appreciate every day? Are you struggling to decide whether to use your end-of-year bonus to treat yourself or invest the money to enjoy the benefits of compound interest? You can do both simultaneously by treating yourself […]
What Insurance Do You Need As An AIRBNB Host?
Don’t let your (Airbnb) cash cow become a money pit Airbnb launched in South Africa in 2015. Since then, the number of home hosts has grown to more than 35 000 with South Africans pocketing more than R3.8 billion over this time. The ripple effect of this booming Airbnb community has also proved significant, resulting in […]
What you need to know about Home Insurance
Tips from an industry expert The latest South African Police Service (SAPS) crime statistics revealed that there were 220,865 incidents of house burglary reported in 2018/19. This means that, on average, 605 houses were burgled a day. It also means that home insurance has become an imperative for South Africans. Despite this, many South African […]
What types of speciality cover for personal insurance needs should you consider?
Tips from an industry expert When it comes to short-term insurance, most people know the basics of home and motor insurance, but this is just the tip of the “insurance iceberg”. The truth is, there are a number of other more nuanced areas of insurance that exist, which tend to be the areas that people […]
Getting the most out of your motor insurance
With the latest South African Police Service (SAPS) statistics revealing that a hijacking occurs every 32 minutes in South Africa, motor insurance is no longer a nice-to-have for vehicle owners – it’s a must-have. In the high-net-worth space, however, wealthy individuals can find themselves paying 20-30% more in motor insurance premiums by failing to do […]
Are SA’s lavish landscapes covered?
Blessed with a relatively temperate climate, many South Africans enjoy an outdoor lifestyle and a growing trend is to extend one’s indoor living space into outdoor spaces. For high-end South African homeowners, this means that no expense is spared when it comes to creating the perfect open-air outdoor entertainment areas to host guests, day or […]