HEARD on the street

CityPress - - Business - COM­PILED BY NEESA MOOD­LEY-ISAACS FREE FI­NAN­CIAL WORK­SHOPS

Ver­i­tas Wealth will be host­ing four free fi­nan­cial plan­ning work­shops in con­junc­tion with the Fi­nan­cial Plan­ning In­sti­tute of South­ern Africa as part of Fi­nan­cial Plan­ning Week on Au­gust 26, 27 and 28 in Cape Town. Bud­get­ing, debt and how to save

The work­shop has been tai­lored specif­i­cally for peo­ple who work as do­mes­tic work­ers and gar­den­ers.

It will al­low these work­ers the op­por­tu­nity to dis­cuss their spe­cific needs with a cer­ti­fied fi­nan­cial planner.

The work­shop will be con­ducted in isiXhosa, Afrikaans and English.

En­trance is free and snacks will be pro­vided. Au­gust 26 Venue: Parow Golf Club Time: 4pm-5pm Space is lim­ited. RSVP to Tam­sin: pa@ver­i­taswealth.co.za or call 021 671 0799 Au­gust 27 Venue: Clare­mont Hall, Bath Road, Clare­mont Time: 4pm-5pm Space is lim­ited. RSVP to Ni­cola: re­cep­tion@ver­i­taswealth.co.za or call 021 671 0799 Get­ting you on the right track

This work­shop has been tai­lored specif­i­cally for peo­ple be­tween the ages of 20 and 35.

It will al­low them the op­por­tu­nity to dis­cuss their spe­cific needs with a cer­ti­fied fi­nan­cial planner.

En­trance is free and snacks will be pro­vided. Au­gust 26 Venue: Al­lan Gray Au­di­to­rium, 1 Silo Square, V&A Wa­ter­front Time: 6pm-7pm RSVP to Ni­cola: re­cep­tion@ver­i­taswealth.co.za or call 021 671 0799 Au­gust 28 Venue: Old Mu­tual Re­gional Sup­port Cen­tre, 2nd Floor, South­gate Of­fice Park, Carl Cronje Drive, Tyger­wa­ter­front Time: 6pm-7pm RSVP to Tam­sin: pa@ver­i­taswealth.co.za or call 021 671 0799

WARN­ING

The Fi­nan­cial Ser­vices Board (FSB) is­sued a warn­ing this week for peo­ple to ex­er­cise cau­tion when deal­ing with Fraser Mackie Wealth Man­age­ment, which is based in Santo Domingo in the Do­mini­can Repub­lic.

Ac­cord­ing to the FSB, the com­pany has been so­lic­it­ing South Africans re­gard­ing “in­vest­ment op­por­tu­ni­ties” with the prom­ise of huge re­turns of as much as up to dou­ble the ini­tial “in­vest­ment”.

This com­pany is not au­tho­rised as a fi­nan­cial ser­vices provider and is not al­lowed to ren­der fi­nan­cial ser­vices in South Africa.

Any com­pany that you pur­chase a fi­nan­cial prod­uct or ser­vice from must be au­tho­rised by the FSB.

You can check if the com­pany you are deal­ing with is a li­censed provider and has the au­thor­ity to sell the prod­uct or ser­vice be­ing ad­ver­tised by calling the FSB on 0800 202 087 or 0800 110 443.

FUND RE­OPENED

The US dol­lar-de­nom­i­nated RECM Global Feeder Fund was closed to re­tail in­vestors in Fe­bru­ary this year af­ter it was fully sub­scribed.

But you can now in­vest in the Pre­scient RECM Global Feeder Fund.

It will al­low you to ac­cess the RECM Global Fund on the same ba­sis and at the same fees as the RECM Global Feeder Fund.

The min­i­mum in­vest­ment in the Pre­scient RECM Global Feeder Fund is R150 000.

The fund aims to achieve a bench­mark re­turn of US in­fla­tion plus 6% a year.

You can in­vest in the fund di­rectly via the web­site,

or a fi­nan­cial ad­viser, or ser­vice providers such as Al­lan Gray and In­vestec.

www.recm.co.za,

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