Contact Consequence – Private Wealth
|Phone: 021 674 2222|
|Fax: 086 653 4999|
37 Dean Street
Getting our financial affairs in order is something we know should be done sooner rather than later. Yet given the jargon and noise out there, plus the difficulty of knowing in whom to confide, it’s not surprising we see personal finance as something to be put off for another day. Let us show you that understanding where you are going financially can be a very rewarding process. Welcome to Consequence Private Wealth. Website: www.consequence.co.za
The around-the-water-cooler discussion is always “what would you do if you won the lottery?”, and while everyone comes up with ludicrous spending ideas, it’s good to have the best of both worlds and spend wisely. Right?
There are a lot of lists and columns explaining how to retire rich in a global sense. But you never get a South African perspective. We got in touch with a top private wealth manager, for his insight into what smart moves should be made.
South Africa’s economy is experiencing an economic bubble similar to the kind that precipitated the downfall of Western economies in 2008. Even though the South African economy has received a bit of attention after the Rand fell considerably to the US Dollar, some analysts foresee a looming financial crisis in a couple of years for the emerging markets, including South Africa.
If there’s one thing this Neknomination mania has reminded us, is that nothing deflects as well as a good old charity shout-out. Why spill lager on your favourite sweater when you can humbly display your brotherly love and tie it in neatly with your cleverly sculpted brand a la Nandos…
How hard could it be? Surely if all the resources, employees and infrastructure are at your disposal – you too could run a Fortune 500 company That’s what this infographic aims to do – to help you find out if you’ll make the cut.
Moments like these only come along once in a blue moon. The result of many weeks of impossible rollovers have ballooned the US Mega Million lottery to it’s second largest jackpot ever – $400 million. It’s happening tomorrow and you can get tickets here.
There aren’t many South Africans around that could stand a chance of winning this award. As a result, you’ve probably already guessed who this one is.
LA-based start-up, The Honest Company aims to make eco-friendly, non-toxic, affordable products for babies and their families. In the normal run of business, it might have been hard to get going. But when Jessica Alba is one of your co-founders, that’s not too much of a worry.
John Paul DeJoria was a hobo – but he always had good taste. Even in his homeless days, he slept in an old Rolls Royce along LA’s Sunset Strip. But he had plans. Years later he finds himself in more comfortable conditions, having founded the stupendously successful Paul Mitchell Systems, and Patron Spirits.
When the team at Rockstar released their latest iteration of the Grand Theft Auto game series, their financial projections indicated that they hoped to make around $1 billion from the game in six months. Well, they may be adjusting that projection, after first-day sales generated over $800 million.
The Rand is getting whipped like a red-headed stepchild, right now. Overnight the Rand tumbled to a four year low against the US dollar. Don’t even look at the Euro exchange rate. It’ll tingle your loins.
Lottery winner Robert Erb won R235 million and has shared some of his winnings with Clifford Luther, owner of a diner in British Columbia, Canada. Luther had told Erb that his daughter had been recently diagnosed with cancer, but he didn’t expect such a large tip.
It may appear crass that the likely imminent passing of Madiba is viewed with an eye to possible investment outcomes but in death, as in life, this great man will surely affect us all.
One of the world’s largest of gold handlers, Deutsche Bank, has started to store bullion in Singapore. The bank is responsible for looking after 200 metric tons of gold, which is the equivalent of about R92 billion. The Singapore FreePort high security vault is situated just across from the city’s main airport. Mark Smallwood, Deutsche’s head of wealth management: [...]
This 375 F1 livery beauty was found in South Africa by car enthusiast Michael Pougnet. The difference with this one is Viglietti (Ferrari dealer in South Africa) had the white details added to the car to make it look like the Ferrari 150 Italia 2 livery, also known as the “Alonso”.
It won’t be long before your mother starts asking questions about Bitcoins – that’s how big this thing has blown up in recent weeks. So best you prepare to answer all her questions, with this handy guide.
Yesterday, literally thousands of financial secrets regarding offshore accounts of the super wealthy were leaked. The “largest journalism collaboration in history” involved nearly 100 reporters sifting through 2,5 million documents which detailed the identities and activities of 120 000 offshore companies.
Virtual currency, Bitcoin is now valued at over $1 billion (R9,25 billion), and unlike traditional currency , you “can download every Bitcoin transcation that’s ever taken place and, more interestingly, tap into those transactions in close to real time.” University student Maximillian Laumeister created the “Listen to Bitcoin” website, which produces a sound for every transaction [...]
Say goodbye to your self-esteem. One of the newest employees at Yahoo’s London office is 17 year-old Nick D’Aloisio, a school student in Britain. D’Aloisio is also, as of Monday, one of the richest kids in Britain, after selling the news-reading app that he developed and held the majority share in – Summly – to Yahoo for [...]
What’s a few billion dollars between friends? A lot, according to Saudi Arabia’s Prince Alwaleed Bin Talal, who is challenging Forbes’ ranking of his wealth. Forbes reported the prince’s wealth to be a staggering $20 billion (R181 billion), ranking him at 26 on the Forbes Richest List. But Prince Alwaleed Bin Talal said he has a [...]