February 2025

Pinion Wealth invites its valued clients to a unique opportunity to gain insightful perspectives on the 2025 investment outlook with Ninety-One’s virtual event. This comprehensive session will delve into both local and global market dynamics, providing expert insights to help you navigate the complex investment landscape in 2025 and beyond. With key discussions on global economic trends and the future of South Africa’s economy, this 2025 investment outlook event will equip you with the knowledge needed to make informed decisions and position your portfolio for success in the year ahead. 2025 Investment Outlook Overview: Join Jeremy Gardiner and Clyde Rossouw for a deep dive into the 2025 investment outlook for South Africa’s fragile democracy and its profound implications for investors in the year ahead. This session will examine the intersection of local political and economic challenges, as well as global market trends, to provide a comprehensive understanding of how these factors will shape investment opportunities and risks. With expert analysis and practical insights, Jeremy and Clyde will help you navigate uncertainty, equipping you with the tools to make informed and strategic investment decisions in a rapidly changing environment. Date & Session Times for the 2025 Investment Outlook: Thursday, 20 February 2025 Morning Session: 10:00 – 11:45 (Zoom) Afternoon Session: 15:00 – 16:45 (Zoom) Why Attend? As the world digests the return of Donald Trump to the White House, Americans are left pondering: Is this the ‘new dawn’ so many anticipate, or the ‘dark storm’ others fear? Meanwhile, South Africans are navigating the uncertain road ahead for our Government of National Unity (GNU). While markets have reacted positively, investors remain cautious, waiting to see tangible progress. Jeremy Gardiner, a seasoned expert, will share his insights on the global political landscape, including the profound implications of shifting power in the US, and how these developments may impact emerging markets like South Africa. Although hope and optimism have returned to some degree, Jeremy will address the vulnerabilities and threats that persist, providing a comprehensive 2025 investment outlook for investors. In addition, Clyde Rossouw will explore the local environment, particularly focusing on the opportunities and challenges in South Africa’s economy and political landscape. Together, they will help you navigate these complexities with actionable investment strategies. Key Insights to Expect: Global Volatility: The return of figures like Donald Trump and its potential impact on global and local markets. Emerging Market Challenges: Why South Africa faces ongoing uncertainty and what that means for investors. Local Growth Opportunities: How infrastructure improvements and stable electricity supply could foster growth in South Africa. Strategic Positioning: How to approach investing in a world filled with both opportunities and risks. South Africa stands at a critical juncture. While global and local challenges persist, there are growing signs of recovery and opportunity. The return of stable electricity generation and infrastructure improvements are encouraging, but investors must navigate the landscape with caution. Jeremy’s insights will help provide a roadmap for positioning your investments for success in 2025. Join the Discussion Don’t miss this opportunity to hear from two of the leading voices in the investment world. Register here for the morning session or register here for the afternoon session on 20 February 2025, and gain the knowledge you need to make confident, informed decisions as we move into the year ahead. Important information: Should you require a CPD certificate, please complete the certificate information questions accurately, as it will appear on the certificate in the format you’ve entered your data. In order to qualify for CPD points, you would need to attend at least 90% of the full webinar session. You will receive the certificate automatically within 2-3 weeks of the webinar. Take stock with us. Let’s unpack what the future holds. If you have any questions or need further assistance, don’t hesitate to contact Pinion Wealth.

In an important update for businesses and employers, the South African government has announced a National Minimum Wage Increase, set to take effect on 1 March 2025. The new minimum wage will rise from R27,58 per hour to R28,79 per hour, marking an approximate increase of 4.4%. This adjustment will affect businesses across all sectors, with a few exceptions. The National Minimum Wage Increase is a crucial step toward improving the standard of living for workers in South Africa, promoting fair wages, and reducing income inequality. It ensures that workers in lower-wage industries will see a direct benefit, contributing to the country’s ongoing efforts to improve the welfare of its workforce. Here’s what you need to know about this important change to the National Minimum Wage Increase and how it impacts businesses and employees alike: Key Points to Note: New National Minimum Wage Increase Rate:Starting 1 March 2025, the mandatory National Minimum Wage Increase will set the wage at R28,79 per hour. This new rate applies to all businesses governed by NMW legislation, making it a legal requirement. Application to All Sectors:This adjustment will be applicable to workers across a wide range of industries. Importantly, farmworkers and domestic workers are also included, ensuring they receive the same National Minimum Wage Increase of R28,79 per hour. Employer Responsibility:Employers must comply with this wage adjustment in order to meet legal obligations. Non-compliance could lead to significant legal and financial consequences for businesses. Consequences of Non-Compliance: Failure to implement the new National Minimum Wage Increase can result in serious legal and financial consequences for businesses, including: Compliance Orders:Employers who fail to adjust wages in line with the National Minimum Wage Increase could be issued with compliance orders by the Department of Employment and Labour. A compliance order mandates that the employer make immediate adjustments to wages and could also include specific deadlines for payment. Non-compliance with these orders could further escalate the situation, resulting in additional penalties. Penalties and Legal Action:Businesses that disregard the National Minimum Wage Increase may face significant fines and penalties. These enforcement measures are designed to ensure that all employers follow the law. In some cases, persistent failure to comply can result in legal action, which could include court proceedings, damaging the reputation and financial stability of the business. This could be costly and detrimental to both the business and its employees. It is crucial for all employers to adhere to the National Minimum Wage Increase regulations to avoid facing these serious repercussions. Ensuring compliance not only protects your business from legal action but also supports fair pay practices, contributing to a healthier, more equitable workforce. Why This Matters: The National Minimum Wage Increase serves as a fundamental part of improving the standard of living for workers in South Africa. By ensuring fair wages across industries, the government aims to reduce poverty, inequality, and economic disparity in the workforce. This wage adjustment helps lift many workers out of poverty, providing them with a more secure financial future. As an employer, making this adjustment is not only a legal obligation but also a step toward contributing to a more equitable and sustainable economy. Compliance with the National Minimum Wage Increase promotes fairness in the workplace, reduces the wage gap, and fosters a more motivated and productive workforce. It helps create a positive work environment, leading to stronger relationships between employers and employees, which ultimately benefits the business in the long term. If you have any questions or need assistance with understanding how the National Minimum Wage Increase impacts your business, feel free to reach out to us. You can contact Pinion directly at info@pinionza.com for more information and expert support. We’re here to help you stay compliant and navigate these changes smoothly.