TOTT 25 October 2018

8 Talk of the Town ADVERTISING / NEWSDESK: (046) 624 4356 Find us on Facebook
October 25, 2018
Port Alfred
BUSINESSFORUM
Combine living
and life annuity
A living annuity (ILLA) is
the preferred choice at
retirement today, as it
allows investors the
flexibility to select their
income level and manage
the funds in which their
retirement capital will be
invested – and thereby
control their exposure to
growth assets.
Another attractive
point is that it addresses
many investors’ desire to
leave a legacy by
allowing them the option
of nominating
beneficiaries to inherit
the proceeds (in most
cases their children).
ý Considerations when
selecting an ILLA:
However, according to
Sanlam financial adviser
Sticks Stiglingh, investors
who haven’t saved
enough may see their
capital depleted during
the course of their
retirement. The reason for
this is that investors
often draw too high an
income, which eats into
their capital.
A sustainable income
that lasts throughout
retirement should be the
main concern of investors
and their advisers. Some
of the pitfalls include
retiring too early, not
saving enough before
retirement, drawing too
high an income – and
lastly, but most
significantly, investing
too conservatively in the
years before retirement.
ý Is there another way?
Many retirees opt for a
living annuity since the
flexibility allows them to
draw a higher income –
early in retirement – than
a life annuity would
provide. In some cases
investors may need to
accept that leaving a
legacy may not be
possible. Their main
priority must be to
ensure that the
month-to-month income
requirement is catered
for sustainably. One of
the ways in which this
may be achieved is by
looking at the traditional
life annuity, which
guarantees an investor
an income for life.
ý Combining the two
PEOPLE MANAGEMENT SOLUTIONS OFFER:
ŽŶůŶŐĞŝĐĞŽŶĂůůĂĞĐŽĨ
ŵĂŶĞŽĐĞŶĚŝĂůĞůĂŽŶĂŶĚ
ĂŝŶŝŶŐŝŶŚĞĂĞŶĂĞ
ĐĐĂŽŶĂůĞĂůŚĂŶĚ
ĂĨĞĂŝŶŝŶŐĐŽĞĂĂŝůĂďůĞ
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ŵĂŝůĞŶΛĞŽůĞŵĂŶĂŐĞŵĞŶŽůŽŶĐŽĂ
options may be the
answer:
Stiglingh said many
retirees may benefit by
combining a life and a
living annuity, which they
can do through Glacier by
Sanlam. This offers them
a guaranteed income for
life on the one hand with
no capital risk, with on
the other hand the
flexibility of the living
annuity by means of
which investors (now
with a guaranteed
income provided by the
traditional annuity) are
freed to a large extent to
expose themselves to
growth assets to ensure
that their capital in the
living annuity continues
to grow.
If this is a route you
would like to consider,
now or even at a later
stage, then plan ahead
and speak to your
financial adviser before
retirement. Stiglingh
concludes that the
month-to-month income
should be the main
priority of every investor
and his or her financial
adviser, rather than
focusing on the capital
alone.
Contact Sticks
Stiglingh at Strata
Financial Solutions
BlueStar on
046-624-4948,
071-612-7339 or
s t i c k s @ s t ra t a b l u e s t a r. c o . z a
Erratum
In the building feature in last week’s Talk of the
Town, plumber Ryan Owsley’s e-mail address was
incorrect. It should be r ya n o . p l u m b i n g @ g m a i l . c o m
We apologise for the error.
Catch up with what’s happening on the PA business front
Assistance in handling labour issues
People Management Solutions is a local
company that provides human
resources, industrial relations and
training services to small businesses at
a reasonable cost.
Most employers are not aware of the
labour legislation changes and how it
affects them, until they receive a visit
Pick n Pay relaunch brightens store
ROB KNOWLES
With balloons and ribbons
and a great deal of
singing and dancing
from the staff, Port Alfred Pick n
Pay ’s relaunch was exactly what
co-owners Mark Shelton and
Jon Campbell had envisioned,
and they trust that the changes
made will bring even more
customers to their flagship
store at the Heritage Mall.
Staff worked diligently to
present the store, which has
undergone changes and
extensions over the last year, in
a pristine condition for the
relaunch. With visitors from
other Pick n Pay branches in the
Eastern Cape – some of them
familiar faces having worked at
the Heritage Mall Pick n Pay in
the past – all arriving well in
time for the 6am ceremony,
Campbell laid down the ground
rules to staff before the ribbon
was cut and the first customers
arrived.
“We needed this revamp,”
said Campbell. “The old store
was looking old and drab. The
economy is not good at the
GRAND OPENING: The Heritage Mall Pick n Pay was officially
relaunched last Friday morning following a revamp of the
store to match the alterations under way of the mall itself.
Cutting the ribbon at the relaunch were, from left, co-owner
Mark Shelton, his wife, Jane Shelton who cut the ribbon,
and Ian Hughes from Pick n Pay corporate for the Eastern
Cape
Picture: ROB KNOWLES
Something cathartic about removing weeds
Our garden received a little
rain while we were away and
just after we got home.
While it was great to be
home there were a number of
issues that needed
addressing, not least a great
surge in weeds in the lawn
and the beds.
My real interest is the lawn as I
believe that a beautiful lawn
shows off a garden.
Unfortunately, in this part of the
world there are a number creepy
crawlies and weeds that do their
best to retard any progress I
make. It doesn’t help that Judy
thinks my obsession with the lawn
is amusing!
Anyway, the first job I got the
gardeners to work on was
removing the weeds from the
from an inspector or land at the CCMA.
“We are there to assist you in handling
your labour issues in the correct, fair and
consistent manner required by law,” said
People Management Solutions owner
Ren Mouton.
Do you know how to deal with an
employee under the influence, ot h e r
moment, and people have a
choice as to where they shop.
So we have to be good to make
sure people continue to shop
with us.
“Everyone sells baked beans,
but it is the service they receive
that brings them back. It is the
customer who pays your salary,
not me. We are all ambassadors
of Pick n Pay, so every customer
needs to be treated as if what
they need, say or do is your
number one priority. It doesn’t
matter where in the store you
are, help them find what they
are looking for, or find someone
else who can assist them.”
MYHOME
... with Simon Oliver
lawn. The first day it was a bit
windy, then a bit cold and then a
bit hot. Needless to say, progress
was slow and it reminded me of
the saying, “When there is no
inclination, any excuse will do to
persuade one not to do
something”.
The nett result is that they had
to spend several days doing a job
that they really didn’t enjoy, that
could have taken one.
I am sure many of you relate to
this, and have projects that have
misconduct and poor performance? Or
do you as an employee know what your
rights and obligations are?
Send your questions and Mouton will
answer what she can next week.
Contact her on 076-092-4001 or e-mail
ren@peoplemanagementsolutions.co.za for a
consultation and quote.
The relaunch finished a little
ahead of, but in line with,
current modifications to the
mall itself.
The staff seemed genuinely
excited about the store’s
relaunch, keeping smiles on
their faces even though many
had been working hard
throughout the night to make
the relaunch a reality.
Ian Hughes from Pick n Pay
Corporate in the Eastern Cape
put his seal of approval on the
store which he said was looking
fa n t a st i c .
Hughes said this was what
was required from every store,
and that he was impressed by
the staff’s level of commitment.
Jane Shelton, accompanied
by her husband and Hughes,
cut the ribbon officially opening
the store at 6.30am and
customers began to enter the
store immediately thereafter.
Shelton was also impressed
with proceedings and thanked
everyone for their efforts to get
the store in an immaculate state
for the relaunch.
not been started or are half
complete. You have a nagging
feeling that you should do
them but there is always
something that stops you
from getting started.
Spring is a time when
things in your garden happen
quickly and if you don’t tackle
them at the first opportunity they
become overwhelming.
I am sure that once the weeding
of the garden is complete
everything will start to bloom and
most importantly my conscience
will be clear.
I hope this has pricked your
conscience to do a few of the odd
jobs you have been procrastinating
on. Please give me a call
on 082-653-5643 or contact me on
s i m o n . o l i v e r @ s e e f f. c o m
Kenton on Sea | R2 700 000
Large family home in quiet street
Bedrooms 5 | Bathrooms 3 | Garage 2
ĂŝŽīĞŽĞŶůĂŶŵŽĚĞŶŬŝĐŚĞŶĚŝŶŝŶŐŽŽŵĂŶĚ
ůŽŶŐĞůĞĂĚŝŶŐŽŚĞĂĂůůĞŶĐůŽĞĚůĞĚĂŽďĞĚŽŽŵ
ĂŶĚďĂŚŽŽŵŽŶĂŝŚĂďĞĚŽŽŵĂŶĚďĂŚŽŽŵ
ůĂŶĚŽĞŽŽŵĂŶĚĚŽďůĞŐĂĂŐĞWEB REF 393897
MIKE BAILEY | 082 899 8103 | mike.bailey@seeff.com
Make that call today.
ŝĞ ď ĂŽŝŶŵĞŶŽ Ăůů ŽĞŶĂů ŶĞĞĚ ůĞĂĞ ĐĂůů
ŝĐŚĞůůĞ
Kenton on Sea | R2 950 000
ŵŵĂĐůĂĞŚŽŵĞŽīĞŝŶŐůĞŶŽĨĂĐĐŽŵŵŽĚĂŽŶ
ŽŶĂůĂŐĞůŽ
Bedrooms 5 | Bathrooms 4 | Garages 3
ĂŝŽīĞŚĞŵĂŝŶďĞĚŽŽŵĞŶŝĞŵĂůůŬŝĐŚĞŶĞĞ
ĚΘĞĂĚŝŶŐĐŽŶĞŽŶĂŝŚĂďĞĚŽŽŵďĂŚŽŽŵ
ůŽŶŐĞĚŝŶŝŶŐŽŽŵŬŝĐŚĞŶΘĨĂŵŝůŽŽŵďĞĚŽŽŵ
ŐĂĚĞŶĐŽĂŐĞŝŚůŽŶŐĞΘŬŝĐŚĞŶĞĞWEB REF 465879
MIKE BAILEY | 082 899 8103 | mike.bailey@seeff.com
Make that call today.
ŝĞ ď ĂŽŝŶŵĞŶŽ Ăůů ŽĞŶĂů ŶĞĞĚ ůĞĂĞ ĐĂůů
ŝĐŚĞůůĞ