Victus Group

January newsletter

Jan 2021

Welcome to the January issue of our monthly newsletter.

I hope that you had a relaxing time with family and friends over the holiday season and that you are all healthy and safe. Our thoughts are with those who have been impacted by the second wave of the pandemic.

The beginning of a new year is a good time to reflect on the state of your financial plan. The following aspects are important to consider on an ongoing basis:

Preparing a budget

The foundation of a financial plan is a household budget. Ensure that your budget includes an allocation for unforeseen expenses and emergencies, as well as for savings and investments.

Planning for retirement

Contributing to a monthly pension scheme through an employer will probably not provide a sufficient retirement income. Not only has sound additional investment planning for retirement become necessary due to the effects of inflation, but people now live longer — an aspect that requires more money to ensure financial independence until death.

Doing estate planning

Comprehensive estate planning should consider life policies, trusts and donations, and take into account marital contracts, capital gains tax and income tax in a way that will ensure the management your financial affairs according to your wishes when you pass away.

Taking out long-term insurance cover

Long-term insurance cover goes beyond taking out a life policy; it also includes income protection cover and cover in case of disability or dread disease.

Getting medical cover

Medical expenses can be astronomical and financially devastating. If you do not have a medical aid, you should consider taking out medical insurance. Gap cover, medical insurance that pays the difference between what your medical aid pays and what medical professionals charge, is also a good idea to prevent costly expenses when you can least afford it.

Taking out short-term insurance

Short-term insurance protects you against the potential financial impact of unforeseen loss of or damage to your valuable assets. Ideally, your cover should ensure that your financial position is virtually unaffected by damage or loss.

Doing tax planning

Get help from a trained professional to ensure that your financial plan is as tax efficient as possible. Taxation has become very complex, and you need to ensure that your financial plan takes all the applicable tax implications and tax-saving measures into account.

In this issue we take a look at what 2021 has in store for the South African economy. We provide important information regarding the growing need for professional indemnity insurance and share an interesting video of Amazon’s new delivery drones.

Please be assured of our commitment to assisting you in achieving continued financial success and prosperity.

Enjoy this issue!

Best regards

Johann Joubert


What does 2021 have in store for the SA economy?

2020 started with South Africa in the midst of a crisis of low economic growth coupled with high unemployment levels –enter the pandemic. Read more


Why you may need professional indemnity cover

The need for professional indemnity insurance is no longer restricted to professionals who provide advice to their customers.  Read more

Delivery by drone has landed

CNN reports that Amazon received a certificate from the Federal Aviation Administration that enables them to perform deliveries using drones. Read more