Guest – Radhesen Naidoo, joint head of Institutional Clients at Allan Gray

A 25-year period of investing is a long time. To put this into context, if we cast our minds back 25 years, it was the beginning of the new millennium, we had just filed away Y2K crisis preparation plans, and we still watched the SABC news for world updates. Mission: Impossible 2 was the highest-grossing film of 2000 and technology investments were the fashion – as they are today. The turn of the century also marked the launch of the Allan Gray Stable Fund.

Amid a turbulent and uncertain investment landscape, cautious investors often look to preserve capital while achieving above-inflation returns. Radhesen Naidoo, joint head of Institutional Clients at Allan Gray, joins Kaya Biz to discuss why a low-equity unit trust, like the Allan Gray Stable Fund, remains a sound solution for the cautious investor, especially within the current environment. Kaya 959 · Kaya 959

For many South Africans, their retirement savings pot represents the biggest financial asset they hold. Employers have a duty to protect their employees’ financial interests and ensure that the choices made in relation to selecting the retirement funds in which their contributions will be invested are sound and can positively impact their long-term financial outcomes. Equally, employees also have a role to play in securing their financial futures by taking an interest in their retirement products and ensuring that they are on track to achieve a dignified retirement. Whether you’re an employee trying to make sense of your retirement fund or an employer wondering how to better support your team, this conversation is for you.

Belinda Carbutt, investment specialist in the Group Savings and Investments team at Allan Gray, joins Kaya Biz to discuss the world of umbrella retirement funds and what employers and employees can do to get the most out of the product. Kaya 959 · Kaya 959

Guest: Nomi Bodlani, head of Private and Direct Clients at Allan Gray.

After a turbulent six months, investors could be forgiven for looking to eliminate risk altogether. But eliminating risk entirely is not possible (or a good idea): Successful long-term investing is about balancing the risk of loss and the risk of losing out. How can you assess whether your portfolios are resilient enough to weather periods of volatility and deliver outperformance over the long term? And, more importantly, how can you evaluate whether your investment manager is the right captain to navigate troubled waters? Kaya 959 · Kaya 959

Guest - Mthobisi Mthimkhulu, Senior Manager for the Private and Direct Clients.

Many investors underplay the importance of financial advice often to the detriment of the performance of their portfolios over time. A good, independent financial adviser can dramatically improve your financial outcomes by guiding your financial planning decisions over your investing journey, helping you avoid investing pitfalls and ensuring that you remain committed to your goals.

Mthobisi Mthimkhulu, Senior Manager for the Private and Direct Clients, joins Kaya Biz to discuss why partnering with an independent financial adviser is key to conquering your investment goals and building long-term wealth Kaya 959 · Kaya 959

GUEST - Tim Acker - Portfolio manager at Allan Gray

With 2024 being an election year for almost half the world’s population, including South Africa, the US and

the UK, many investors are worried about what the future holds and how it will affect their wealth.

But the times we live in will always be uncertain and the trick is to remember many of the behavioural biases

that erode wealth during periods of heightened risk. In times like these, we can improve our long-term investment outcomes by focusing our efforts on the things that stay the same, rather than the variables that are out of our control.

Tim Acker, portfolio manager at Allan Gray, joins Kaya Biz to discuss lessons for investing through overwhelming

uncertainty. Kaya 959

GUEST - Meagan Fraser, Tax manager at Allan Gray

One of the key benefits of investing for retirement using a retirement fund is the generous tax deduction

taxpayers receive for saving towards their retirement. But is there any benefit in contributing beyond the maximum annual tax-deductible amount to a retirement fund? Meagan Fraser, tax manager at Allan Gray, joins Kaya Biz to unpack the tax benefits of retirement

annuities and explains the pre- and post-retirement benefits of making excess contributions to your retirement fund savings. Kaya 959

GUEST – Richard Carter - Head of Assurance at Allan Gray

According to industry stats, the average South African retiree can replace just 31% of their monthly income when they reach retirement. Most income-earners face the very real risk of outliving their retirement nest egg. Richard Carter, head of Assurance at Allan Gray, joins Kaya Bizz to discuss how to plan for and achieve a sustainable retirement income. Kaya 959

GUEST - Mthobisi Mthimkhulu - Direct Clients manager at Allan Gray

In a world where instant gratification is king, it can be hard not to get distracted by the lure of short-term gains. But taking a long-term view of your investments and staying the course can give you the edge to achieve better investment returns over time. Kaya 959

The end of the tax year in February presents an opportunity to evaluate the tax efficiency of

your financial plan. With many competing financial priorities in the current economic

climate, as well as the pending changes to the retirement fund system, you may be

wondering whether maximising the annual tax incentives still makes sense.

Discussion points:

 Why is it important to think about tax when you consider your financial plan?

 What are the tax benefits of saving for retirement using a retirement annuity?

 How do these compare to the tax benefits of investing in a tax-free investment

product?

 What happens if we “overcontribute” towards our retirement savings in a year?

 How can we benefit from excess contributions?

 What practical things can we do to get our tax affairs in order?

 For Allan Gray clients, what are the cut-off dates for this tax year’s contributions?

 Lastly, the million-dollar question, what can we expect from the 2024 Budget

speech? Kaya 959

GUEST – Shaheed Mohamed, Head of Group Savings and Investments at Allan Gray

School fee increases in South Africa have, on average, been roughly 2.6% above inflation every year since 2012, aside from 2021. In an environment of already high consumer inflation, this packs an extra punch. Many of us rely purely on our salaries to pay for our children’s education. We absorb the cost from month to month, tweaking our budgets to accommodate the ever-increasing expense. But the problem with this is that the cost of education typically grows at a higher rate than the average salary and inflation in general.

Over time, this difference effectively means that a greater portion of your salary will have to be set aside for your children’s education. Shaheed Mohamed, head of Group Savings and Investments at Allan Gray, joins Kaya Biz to discuss the five factors to consider when investing to enable you to provide your children with a good quality education in the future. Kaya 959