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When economic growth stops reaching households
The most dangerous economic number may be a positive one. An economy can expand while living standards per person stall or fall. Companies post record profits, exports surge, and politicians celebrate growth, yet the gain disappears once divided across the population. Growth has not vanished. It has stopped reaching households.
The bond market is putting a price on political promises
For years, one of the most consequential prices in the global economy was almost invisible: The price of money. Near-zero rates let governments borrow cheaply, companies fund marginal projects, and investors justify almost any valuation. Political promises appeared affordable because financing costs had faded into the background. The bill has now arrived.
AI is creating jobs, but SA could still lose
The artificial intelligence (AI) revolution was supposed to empty offices. For now, it is also filling construction sites. Somewhere between these two images lies a question that South Africa (SA) cannot afford to ignore: Will we capture the new opportunities, or mostly experience disruption?
What financial planning still gets wrong about women
Every Women’s Month, the same financial advice is given: Budget carefully, invest early, insure yourself, and draft a Will. None of this is wrong. It is simply incomplete. This advice treats women’s financial outcomes mainly as a matter of better choices, while ignoring that most financial plans are built around a particular life: Uninterrupted full-time work, steadily rising earnings, regular retirement contributions, and a predictable retirement date.
The US economy is thriving, but its consumers are not
The most revealing recent signal about the United States (US) economy did not come from the Federal Reserve (Fed). It came from Walmart.
Who pays when a country runs out of options?
Japan bought its own currency. China stopped buying oil. The United States (US) discovered that investors now want 5.22% to hold its debt for 30 years. These decisions tell the same story: When a crisis arrives, countries with options can protect themselves. Countries without options pass the cost of a crisis to their citizens.
Artificial intelligence can change the world and still be a bad investment
What if artificial intelligence (AI) changes almost everything, yet still proves to be one of the worst investments of all time? It sounds contradictory, but it is not. Technology can transform society while the companies that build it spend too much and leave investors to foot the bill. The internet did precisely that: The world gained, even though many shareholders lost money.
The biggest asset missing from your balance sheet
Most financial conversations begin too late. They start after money has already been earned. We then debate offshore exposure, fees, tax efficiency, and whether the Johannesburg Stock Exchange can outperform Wall Street. Although these are worthwhile questions, they are concerned with capital that has already accumulated. For most working households, the far larger economic value lies in capital that has not yet been earned.
Your Partner in Financial Services
Efficient Wealth provides a host of personal/business related financial services and value added benefits via its own internal resources and in partnership with a number of specialist financial services providers. Our objective is the provision of an array of “best-of-breed” products and services to meet the diverse and ever changing needs of our individual clients as well as their families.
Efficient Financial Services (Pty) Ltd, trading as Efficient Wealth, is an authorised financial services provider, FSP 655
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