By: Reyneke Van Wyk
Last month, we had the privilege of hosting our Family Conferences in South Africa. Head of Stonehage Fleming's Investment Division in South Africa, Reyneke Van Wyk details the importance of the conference in engaging with families to protect, manage, and grow their wealth.
Really delighted
to be here at our annual Stomach Fleming Family Conference
in the beautiful Stellenbosch area.
Earlier in the week we were in Durban and Langer
and also Johannesburg.
And just fantastic to see
and to connect with our clients, friends of our firm, uh,
colleagues around South Africa,
and also colleagues from the uk.
At the heart of what we do at Stonehage Fleming is really
to help successful families to protect
and then also to manage
and to enhance their wealth, importantly across generations
and very often across geographies as well.
So with this in mind, we carefully select the sessions
for these conferences by engaging with the families
that we are very fortunate to serve
and understanding what is relevant
and topical for them to discuss.
And we find a really good balance between firstly,
the protection of wealth, which is more the family office
side, the family governance, uh, succession structures,
and then also the management
and enhancement of wealth,
which is the investment management both on
and offshore cross border.
And also important for us to, to,
to engage the next generation.
It's ultimately about understanding our clients better and,
and listening to the next generation to understand the needs
and requirements for us to adjust
accordingly to help our families.
South Africa remains, uh, absolute key geographic area
for the Stan and climbing group.
25% of our staff across 14
geographies are based in South Africa, across Johannesburg,
Cape Town and Stellenbosch,
including client management teams, specialist teams,
and also client and business support teams.
So with our origins in South Africa and a truly unique
and valued and growing client base, we absolutely continue
to invest in, in South Africa and,
and grow our presence in the area.
We are also really excited about the new GNU government.
We got onto the right track, uh, just
before the election and the new government.
And we think coming off a low base, if we can get more
of the basics right and, and see more of the public
and private sector investment that we anticipate
around 4% more this year than the previous year.
We think things can snowball nicely
and we can see more confidence
and foreign investors coming back into
South Africa, South Africa.
We've been well known for our offshore
expertise and experience.
So we have over the years, especially the last 15 years,
really invested in, in developing a high caliber team
and offering in South Africa,
and are ideally positioned now to look
after our clients, both on and offshore.