Business news headlines Other news today read more
Looking to do business in the USA? The USA remains the biggest consumer economy in the World. Any business that really wants to succeed on a global basis, should and needs to do business in the USA. With over 20 years experience doing business in South Africa and the UK, and now doing business in the USA, Wealth Design International is perfectly placed to assist you in getting established in this lucrative market. Wealth Design International provides a one-stop-shop for getting set up for business in the USA. From company formation, opening bank accounts, tax registrations to physical office and personal representation, Wealth Design International has the professional service you need. read more
Attached (click "Read More" and then follow this link) is our Executve Brief on Forex Controls in South Africa. The brief gives readers a short summary of the options available to those wanting to export capital out of South Africa. read more
South Africa's budget speech was presented for what may be the penultimate time by Minister Trevor Manual this week. The budget appears to have been pretty much in line with expectations, and the trend from prior years, namely a conservative budget with a focus on government spending. There has been a swing over the past couple of years to more infrastructure spending, which we believe is a good thing in light of South Africa's burdgeoning unemployement crisis. Some commentators have noted the large portion of government spending dedicated to social spending. This obviously is not a good thing as it does nothing for the growth and sustainability of the country's economy, something we believe is key to the long term success of the country as a whole. An attempt to encourage international investment appears to have been made, also a good thing. We would like to have seen this more prominently promoted and tied to an active reduction in Exchange Controls. The big change in the budget is that the Minister is forecasting a budget deficit, which has now ballooned because of the knock on effects of the global economic crisis. This will increase the country's debt levels, which on their own are not anywere near serious levels, when read with the current account deficit of 8% of GDP could be a cause for concern about stability. For a good, balanced commentary on the budget from an economic standpoint please go to Morgan Stanley's commentary on the ..... read more
The Economic Stimulus Package was finally approved by the Senate on Friday evening and goes for signing by President Obama the week of February 16th, 2009. The finally billis around $787 Billion, but there is dividsion on whether the bill will do what it is supposed to, that is Stimulate the economy. We have analysed the bill based on an analysis done by the Wall Street Journal (before the final number came out, but largely unchanged from the final version). We have made some assumptions to try to gauge whether the package will be stimlatory or not, and have done this by looking at the description of the items and applying some common sense thinking to determine if the description will lead to job creation and economic growth. This analysis is available at the following link... Our conclusion, based on this and the general commentary in the public domain, is that the package will hae limited stimulatory effects. Having said that, something is better than nothing and this combined with the dramatic increase in money supply should all help towards staving off a depression. read more
Our weekly newsletter on the state of the Global and US economies and what it means for your investment portfolio. In this short article we try to summarise the views of many respected writers and commentators, to provide you with an overview of what you should be doing with your investments. Edition : October 08, Week 3 read more
Wealth Design International is looking for an administration officer. The successful candidate will be required to liaise between the CEO and clients, schedule appointments, maintain basic books and accounts, and undertake a project to update the company's Global Business Links database. The position is based in Charlotte, North Carolina, and "work-from-home" is an acceptable option provided the candidate can meet, on at least a weekly basis, at the company's offices to provide feedback and take further instructions. The position will pay a market related hourly rate and interest parties should email info@wealthdesign.biz with a copy of their resume'. read more
We are pleased to announce that we have finally opened a brokerage account at one of the top online brokers in the USA. This gives us the ability to trade stocks, shares, mutual funds, ETF's and more in the USA and other major international markets for our clients. We conduct our own research daily and will be running our own porfolio, which we will share with members of the WDI Network. For more information on what we can do for you, please contact us . read more
Wealth Design International is pleased to announce that we have been appointed official financial advisors to our new client, Synergy Street, a new business networking group started our in 2007 in Charlotte, North Carolina, USA. Synergy Street is the latest development of the social networking fad that has grabbed the imagination of the IT world and aims to expose the model to serious revenue creation through its offering. WDI will manage Synergy Street's business and financial compliance, and will assist with fund raising and capitalisation for the business. Go to www.synergystreet.com for more about our new client. read more
