Early Breakfast with Africa Melane
Oct 22, 2026 · 8 min · 4 segments
Sean Kelly, Director at Parity Wealth Managers, explains how South Africans can take their first steps into investing, even with R1,000 a month. We explore where beginners should start, how to choose…
Sean KellyGuest
Africa MelaneHost
You alluded to the medium-term budget policy statement delivered by Finance Minister Inoko Nwana yesterday.

No massively new policy statements being made, certainly not in the taxation space and sector.

From a wealth management point of view, was it a good medium-term policy statement?

Unfortunately, there's been little, I suppose, wiggle room for any relief for South Africans.

But I do think that if you look at what happened at the beginning of the year, certain allowances were increased.

But besides from that, even, you know, they've released the new tariffs for medical aid next years.

So I think just as a, I suppose, wealth management hat on, we are certainly advising our clients, you know, just to stay above water, keep saving what's possible, what's left over.

You know, often a good starting point is just looking at what you have, currently doing a cash flow statement and setting goals, you know, long-term, medium-term and retirement goals.

You alluded to the medium-term budget policy statement delivered by Finance Minister Inoko Nwana yesterday.

No massively new policy statements being made, certainly not in the taxation space and sector.

From a wealth management point of view, was it a good medium-term policy statement?

Unfortunately, there's been little, I suppose, wiggle room for any relief for South Africans.

But I do think that if you look at what happened at the beginning of the year, certain allowances were increased.

But besides from that, even, you know, they've released the new tariffs for medical aid next years.

So I think just as a, I suppose, wealth management hat on, we are certainly advising our clients, you know, just to stay above water, keep saving what's possible, what's left over.

You know, often a good starting point is just looking at what you have, currently doing a cash flow statement and setting goals, you know, long-term, medium-term and retirement goals.
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