WHAT’S CHANGED ON THE NEW RANGE ROVER EVOQUE?
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For more information, please call us on 087 808 7000 or e-mail info@evergreenlifestyle.co.za www.evergreenlifestyle.co.za /EvergreenLifestyles @Evergreen_LV
Understanding speech in noise is the most common problem people face – even if you have a slight hearing loss. Family gatherings or listening in noisy areas like restaurants can often become very challenging – we can help! From small beginnings in 1975, this family business has grown to world leading hearing healthcare facilities with 22 Ear Institutes situated throughout South Africa and Namibia. Our friendly staff, outstanding service and Nespresso cappuccino’s all form part of the Ear Institute experience. In fact, we are so passionate about you hearing well, that we guarantee your hearing will improve or we will gladly refund your money*. (T’s & C’s apply)
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The templemausoleum of Al Khazneh in the ancient city of Petra in Jordan p 18
… Contents 12 ED'S NOTE & UPFRONT
28 CAPENATURE
Where to go, what to read, buy and drink.
Travel 18 JORDAN AND PETRA
Jordan, at the crossroads of Asia, Africa and Europe, is home to some of the oldest cities on earth, and nothing prepares you for your first sighting of Petra, its iconic lost pink city.
22 ROVOS TURNS 30
Luxury locomotive Rovos Rail celebrated its 30th anniversary with a new east-to-west copper trail from Dar es Salaam to Lobito in Angola.
CapeNature celebrates 20 years of nurturing the Western Cape’s biodiversity.
Money 36 DE-RISKING WHEN YOU RETIRE
Interview 30 ANTONIO BANDERAS
Hollywood star Antonio Banderas on his brush with death, his renewed passion for life and his latest, aptlytitled, movie Pain and Glory.
What are the true costs of investing conservatively after you retire?
37 WORKING WITH WHAT YOU’VE GOT
Arthur Case, Brand Marketing Director at Evergreen Retirement Holdings, believes more must be done to highlight investment strategies around decumulating retirement savings.
24 SINGITA MALILANGWE HOUSE
The newly redesigned Singita Malilangwe House in remote Malilangwe Wildlife Reserve in southeast Zimbabwe takes its design cues from nature and local Shangaan culture. Rovos Rail p 22
8
SILVER DIGEST // SPRING 2019
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continued … 40 INVESTING OFFSHORE IN RETIREMENT
46 CAN USING ASPIRIN REGULARLY KEEP YOUR HEART HEALTHY?
Christo Lineveldt of Coronation Fund Managers offers general guidance to consider if you are thinking of increasing your retirement portfolio’s international exposure.
42 EIGHT QUESTIONS ABOUT DEATH AND TAXES
Capital Legacy’s CEO, Alex Simeonides, takes us through eight questions that delve into the intricacies of the two inheritance taxes we face in SA: Estate Duty and Capital Gains Tax.
48 MY COLD IS GONE, SO WHY AM I STILL COUGHING?
Five things you should know about a persistent cough.
52 MODERN HEARING AIDS
Health 45 PROSTATE CANCER
Mediclinic experts Giselle p 57 get to the bottom of this debate as competing headlines alternate between singing the praises of this tactic or warning against it.
Today’s hearing aids offer endless lifechanging possibilities through Bluetooth streaming.
ART 54 The new Javett Art Centre
at the University of Pretoria launches an architectural icon and provides one of the country’s most important public showcases for the art of Africa. THEATRE 57 Giselle, the most sublime of
all romantic ballets, returns to the stage of Joburg Theatre. BOOKS 58 The best new non-fiction, Asprin p 46
fiction and decor.
Recipes p 60
10
SILVER DIGEST // SPRING 2019
brilliantly easy, healthy, flavour-packed, accessible and affordable veg recipes. DINING 64 The Peech Boutique
Hotel has opened a stylish new restaurant, Basalt. DÉCOR 66 A new green-wall system
Leisure
The rejuvenation of sexual function after radical prostatectomy has become increasingly important as erectile dysfunction is a common consequence of the procedure.
RECIPES 60 Jamie Oliver is back with
has been designed that makes creating a vertical garden easy.M MOTORING 68 The new Range Rover
Evoque is a sophisticated evolution of the gamechanging original. PUZZLES 73 Test your skills.
experience luxury for less with our extraordinary savings All included
ATHENS (PIRAEUS) TO VENICE 10 nights | SEVEN SEAS VOYAGER 04 to 14 JuNE 2020
EXCURSIONS
Ports of Call: Athens (Piraeus), Mykonos, Santorini, Gythion, Corfu, Bari, Kotor, Dubrovnik, Korcula, Venice (overnight)
FEATURED OFFER Deluxe Veranda Suite
Concierge Suite
Penthouse Suite
Now $ 6,225 PP
Now $ 6,850 PP
Now $ 7,600 PP
Standard Price Was $ 8,299
INTERNET
Standard Price Was $ 9,099
Standard Price Was $ 10,099
up to 69 Shore Excursions included
VENICE TO MONTE CARLO
GRATUITIES
12 nights | SEVEN SEAS VOYAGER 24 June to 06 JULY 2020
SPECIALITY RESTAURANTS
cOncieRGe
Ports of Call: Venice, Urbino (Ancona), Kotor, Bari, Lecce (Otranto), Crotone (Calabria), Siracusa (Sicily), Valletta, Porto Empedocle (Sicily), Trapani (Sicily), Ajaccio (Corsica), Monte Carlo
FEATURED OFFER Deluxe Veranda Suite
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Penthouse Suite
Now $ 7,300 PP
Now $ 8,164 PP
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Standard Price Was $ 9,999
Standard Price Was $ 11,099
Standard Price Was $ 12,399
up to 40 Shore Excursions included
LONDON (SOUTHAMPTON) TO LONDON (SOUTHAMPTON) 1 NIGHT PRE-CRUISE HOTEL ACCOMMODATION
TRANSFER FROM HOTEL TO PIER
12 nights | SEVEN SEAS EXPLORER 18 to 30 MAY 2020
Ports of Call: London (Southampton), Paris (Honfleur), St Peter Port (Guernsey), Brest, La Rochelle, Bordeaux (overnight), Bilbao, Gijon, La Coruna, Saint-Malo, London (Southampton)
FEATURED OFFER Deluxe Veranda Suite Standard Price Was $ 10,199
Now $ 7,650 PP
Concierge Suite Standard Price Was $ 11,899
Now $ 8,968 PP
Penthouse Suite Standard Price Was $ 15,199
Now $ 11,443 PP
up to 48 Shore Excursions included
Established Travel Partner for 22 years Janine Pretorius • Tel: 012 664 0925 • janinep@encorecruises.co.za Fares quoted are subject to change and availability at the time of booking and include all savings. Fares can be withdrawn at any time without prior notice. Terms and Conditions apply.
www.encorecruises.co.za
Ed's note …
T
EDITORIAL EDITOR: Graham Wood Email: graham.wood@newmedia.co.za SUB EDITOR: Anita van der Merwe LAYOUT & DESIGN: Julia van Schalkwyk
wo years after suffering a heart
We try to bring some clarity to the money
attack, actor Antonio Banderas
and health issues that weigh on our minds,
is back in full swing with three
from investment and inheritance tax to
new projects to talk about. And that’s why we’ve chosen him as this season’s cover star. He says that after his heart attack, he re-evaluated much of his life, and decided to focus on what was most important to him. Luckily for us, that includes “acting
the life-changing potential of modern hearing aids... and thinking of
Antonio Banderas, whether We would love taking Aspirin indeed helps to hear your thoughts, prevent heart attacks. We comments and suggestions. Mail me at Graham.Wood explore ideas for travel – @newmedia.co.za Jordan and Petra, Rovos I look forward to hearing Rail – and celebrate the arts from you. with ballet and news of the
and telling stories”, so in addition to his latest film Pain and
opening of the Javett Art Centre in Pretoria. After all, if philanthropist
Glory with long-time collaborator director
Michael Javett can sponsor a game-
Pedro Almodóvar, he’s also teamed up with
changing art centre to ensure the legacy
Meryl Streep and Gary Oldman in Steven
of his wonderful collection, and Banderas
Soderbergh’s new movie The Laundromat,
can buy a theatre to give young people the
and revisits the hometown he shares
opportunities that he never had, shouldn’t
with Pablo Picasso in the TV
we all do something inspiring? It’s spring
series Genius. With Banderas’s
– enjoy the issue!
commitment to what he finds
Graham
most meaningful in mind, the Spring issue of Silver Digest also brings together what we think is most important. We’re very excited to have fresh, healthy vegetarian recipes from Jamie Oliver’s new book, VEG.
Giveaway Turn to page 60 for a chance to win a copy of Jamie Oliver's new recipe book, VEG.
EDITOR’S PICK
The single item in this issue I’m most excited about is the opening of the Javett Art Centre in Pretoria on Heritage Day. Finally, the country’s interior has an architectural landmark filled with art to rival its counterparts in Cape Town. As if the showstopping Mapungubwe Collection – SA’s crown jewels – getting the showcase it deserves wasn’t enough, the huge mural by Alexis Preller, Discovery, which has been relocated and is being restored after years of being hidden in the empty Transvaal Provincial Administration building, is the cherry on top!
PHOTOGRAPHY Cover:Carlos Alvarez/Getty Images Unless previously agreed in writing, Silver Digest owns all rights to all contributions, whether image or text. Sources: Gallo/Getty Images, Shutterstock, supplied images, editorial staff. ADVERTISING Clive Kotze Cell: +27 (0)82 335 4957 Email: clive@mediamatic.co.za SUBSCRIPTIONS Felicity Garbers email: felicity.garbers@newmedia.co.za PUBLISHING TEAM GENERAL MANAGER: Dev Naidoo PUBLISHING MANAGER: Sandra Ladas Email: sandra.ladas@newmedia.co.za PRODUCTION MANAGER: Angela Silver ART DIRECTOR: David Kyslinger MANAGEMENT TEAM MANAGING DIRECTOR: Aileen Lamb COMMERCIAL DIRECTOR: Maria Tiganis BRAND STRATEGY DIRECTOR: Andrew Nunneley CHIEF FINANCIAL OFFICER: Venette Malone HEAD OF HR: Camillah West CEO: MEDIA24: Ishmet Davidson Johannesburg Office: Ground floor, Media Park, 69 Kingsway Avenue, Auckland Park, 2092 Postal Address: PO Box 784698, Sandton, Johannesburg, 2146 Tel: +27 (0)11 877 6111 Fax: +27 (0)11 877 6198 © Copyright Silver Digest 2019 Published by New Media, a division of Media24 (PTY) Ltd Head Office: New Media House, 19 Bree Street, Cape Town, 8001 Postal Address: PO Box 440, Green Point, Cape Town, 8051 Tel: +27 (0)21 417 1111 Fax: +27 (0)21 417 1112 Email: newmedia@newmedia.co.za Printed by
, a division of Novus Holdings
@SILVERDIGEST
While precautions have been taken to ensure the accuracy of its contents and information given to readers, neither the editor, publisher, or its agents can accept responsibility for damages or injury which may arise therefrom. All rights reserved. © Silver Digest No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, photocopying, electronic, mechanical or otherwise without the prior written permission of the copyright owners.
12
SILVER DIGEST // SPRING 2019
Upfront …
STAY HERE: CAPE TOWN’S NEWLY OPENED LABOTESSA HOTEL With one foot in the past and
focus is on old-world elegance
one firmly in the future, the
with all the bells and whistles
understatedly glamorous hotel
of contemporary hotel living.
Labotessa makes a strong case
Hoteliers Jan Fourie and Johan
for personal luxury experiences.
du Plessis were inspired by the
The brand-new hotel, which
beautiful circa 1700s building
opened in Cape Town in August,
when conceiving the look, feel
harmoniously blends history and
and attitude of the hotel. They
forward-thinking modern hotel
drew on its heritage when creating
trends to combine the best of all
the interior, while at the same
worlds. An intimate establishment
time remaining cognisant of the
made up of six luxury Signature
need to cater to a very discerning
suites and one grand penthouse
type of traveller, expectant of
boasting three bedrooms, its
every amenity.
WHERE TO GO, WHAT TO READ, BUY AND DRINK
SUPPORT THIS: DIG60: THE MOVEMENT FOR LONGEVITY THROUGH DIGNITY Relate Bracelets has launched the DIG60 campaign in partnership with Ikamva Lababtu as the start of a campaign for sustainable change and dignity for South Africa's vulnerable older populations, while finding solutions that uplift the country's most desperate older people and affording dignity in old age. www.relate.org.za 14
SILVER DIGEST // SPRING 2019
KINGJAMES 48536
Turns out offshore really is the future.
There’s never been a better time to be an investor.
www.sanlaminvestments.com Right now food is growing inside farms built on the ocean floor. It’s these alternative systems of agriculture, dedicated to areas where the environment makes plant growth extremely difficult, that promise yields which could be almost as satisfying to investors as they are to farmers. To find out how our innovative investment portfolios are taking advantage of the world we live in, visit www.sanlaminvestments.com.
UPFRONT
DRINK THIS: HAUTE CABRIÈRE’S PINOT NOIR ROSÉ Franschhoek-based winery Haute Cabrière has launched its maiden Pinot Noir Rosé just in time for the upcoming summer season. Haute Cabrière has been specialising in wines produced from the Chardonnay and Pinot Noir grape varietals since the brand’s inception in the early 1990s. “We are very passionate about Pinot Noir and this year’s harvest has resulted in the creation of this fabulous addition to the Haute Cabrière portfolio,” says secondgeneration Cellar Master Takuan von Arnim about the Pinot Noir Rosé. Grapes were harvested
SIP FROM THIS: NGWENYA GLASS
“normal” tableware, but
with full-fruit in mind, so one
in designing unique and
can expect an elegant, dry rosé
Ngwenya Glass products
funky glassware that
on the palate, with strawberries
are all handmade using
adds to any experience.
and rose petals on the nose. This
100% recycled glass – old
We love the fun Nelson
rosé is best served chilled, pairs
jam jars, soft drink and
tumblers being used for
particularly well with salmon,
wine bottles collected
G&Ts (they could be used
oysters and sushi, or simply on
from all over Swaziland.
for whisky as well) and
its own – it is the perfect addition
They pride themselves
the off-centre stem wine
to lunch on a glorious summer
on not only producing
glasses with wine cooler.
afternoon. Haute Cabrière Pinot Noir Rosé 2019 retails at R79.
READ THIS: THE TESTAMENTS BY MARGARET ATWOOD Margaret Atwood’s dystopian masterpiece, The Handmaid’s Tale, has become a modern classic – and now she brings the iconic story to a dramatic conclusion in this riveting sequel. More than 15 years after the events of The Handmaid’s Tale, the theocratic regime of the Republic of Gilead maintains its grip on power, but there are signs it is beginning to rot from within. At this crucial moment, the lives of three radically different women converge, with potentially explosive results. Two have grown up as part of the first generation to come of age in the new order. The testimonies of these two young women are joined by a third voice: a woman who wields power through the ruthless accumulation and deployment of secrets. As Atwood unfolds The Testaments, she opens up the innermost workings of Gilead as each woman is forced to come to terms with who she is, and how far she will go for what she believes.
16
SILVER DIGEST // SPRING 2019
EVERY DETAIL MAKES AN MSC CRUISE NOT JUST ANY CRUISE. Every detail on an MSC Cruise makes you live a unique experience. Like every piece of music selected and performed by our talented professional pianists, awakening the senses and emotions throughout the day. This is just one of many entertainment experiences we offer night and day. Another meticulously crafted touch of class developed with you in mind.
NOT JUST ANY CRUISE ms ccru is es .co .z a
18
Travel …
SILVER DIGEST // SPRING 2019
Fas
I N T E R N AT I O N A L
cinating JORDAN AND PETRA
BY JUDY VOS
T
he Hashemite Kingdom of Jordan is a sovereign Arab state in western Asia, on the East Bank of
the Jordan River. The Dead Sea lies along its western borders and the country has a small shoreline on the Red Sea in its extreme southwest, but is otherwise landlocked. Jordan is strategically located at the crossroads of Asia, Africa and Europe. Jordan is spectacular, safe, uncrowded and friendly, a totally underrated destination with some of the oldest cities on earth where people have been living for more than 6 500 years. A visit to Jordan is an experience far beyond expectations, which will reveal ancient history, stunning landscapes and great diversity. The ancient city of Jerash, 6 500 years old, is one of the best-preserved Roman cities in the world. Truly breath-taking are the public squares and baths, paved streets lined with pillars, grand temples and a hippodrome where gladiators fought. The locals enjoy putting on a show of chariot races for visitors. And then there is Petra, the iconic lost pink city, one of the new Seven Wonders of the World. Because of its position at the ancient crossroads linking southern Arabia, China and India with Rome, Egypt, Syria and Greece, Petra’s trade in silk and spice made it rich and powerful. Nothing prepares you for your first sighting of Petra. Its huge facades carved into the rocks take the breath away around each corner. It is a vast, unique city, carved into the sheer rockface by the Nabataeans, an industrious Arab people
The stunning view of Ad Deir, the Monastery of Petra
who settled there more than 2 000 years ago. (Herod’s wife was a Nabataean.) Sometimes the towering walls of the narrow canyon are so high you can hardly see the sky. Continued …
WWW.SILVERDIGEST.CO.ZA
19
T R AV E L The new downtown of Amman abdali area Jordan Amman city
Beautiful ancient rocks forming a gorge in Petra
At the entrance to the city you pass through Al Khazneh, the
northern Jordan. The desert
40m high “Treasury” – which is
castles were
actually a tomb, beyond which you
built in the
are surrounded on both sides by
north-eastern
hundreds of Petra’s carved and
desert as
built structures, soaring temples,
hunting and
elaborate royal tombs, a curved
pleasure palaces
originally built
Nabatean theatre (seating 3 000
by the Umayyad
on seven hills, is
people), large and small houses,
caliphs in the eighth
burial chambers, banquet halls,
century: Kharraneh
water channels and reservoirs,
Castle, the bathing castle
baths, monumental staircases,
Amra with its beautiful murals, and
cultic installations, arched gates,
the castle Azraq in the oasis of the
public buildings and paved streets.
same name.
Plan to spend at least two
Um Qeis, the ancient Gadara,
Amman itself,
fascinating to explore, including the Citadel, the Roman Theatre and Antique theatre in ancient Roman city of Jerash
the Archaeological and Folklore Museums. The citadel, on one of the highest hills, offers a splendid view of the old city.
nights at Petra and treat yourself
lies on a hill overlooking the sea of
While in Jordan, a desert
to “Petra by Night” – an evening
Galilee and the Golan Heights. This
experience is mandatory. Wadi
with candlelight and music. But
is the Biblical place where Jesus
Rum or Moon Valley, described
even a week or a month is not
exorcised demons from a man and
by Lawrence of Arabia as “vast,
enough time to see all the riches of
sent them into a herd of pigs. Here
echoing and God-like”, is one of the
this incredible ancient city where
are archaeological findings of a
most beautiful deserts in the world.
archaeologists are still uncovering
theatre, as well as ancient ruins
Veteran jeeps take visitors into
amazing new finds.
of churches and graves. From
its immense interior, where huge
here, a drive through the always
sandstone mountains are scattered
one of the oldest cities in the world
green Jordan valley brings you
on the horizon. The endless
– so old it was mentioned in the
to Pella, one of the most ancient
colourful sand plains demand to be
Bible as Rabath Ammon. Amman
sites in Jordan and a favourite of
photographed.
is an ideal place from which to
archaeologists, being exceptionally
explore the surrounding areas of
rich in antiquities.
Amman, the capital of Jordan, is
20
SILVER DIGEST // SPRING 2019
And there is still more to be experienced in Jordan:
I N T E R N AT I O N A L
“
Jordan exceeds expectations. Go there and experience its incredible history, its stark beauty, its friendly people and its delicious food. – Kate Turkington, South Africa’s well-known world traveller, travel writer and broadcaster.
”
• Mount Nebo, the burial place of Moses, offers spectacular views • Bethany, where Jesus was baptised by John the Baptist in the River Jordan • Aqaba, the only sea city in Jordan, offers scuba diving and snorkelling, fascinating souks and private beaches in certain hotels • The Dead Sea: cover yourself in mud and feel years younger. • Custom Touring, specialists in exclusive senior touring, escorted groups and private travel, is hosting an 11-day exclusive small group escorted tour to Fascinating Jordan & Petra from 5 to 15 June 2020. To find out more and secure your booking, go to www.customtouring.com WWW.SILVERDIGEST.CO.ZA CustomTouring_VHalfPgAdvert_SilverDigest_Sep19_PR.indd 1
21 2019/09/03 19:04
T R AV E L
ROVOS RAIL TURNS
30
L
uxury locomotive Rovos
about hospitality.
local politics and
Rail is 30 years old. Rovos
In my naivety, I
how it affects his
Rail offers journeys ranging
believed what we
business on a
from 48 hours to 15 days, offering
were offering was so
weekly basis but, in
eight trips around Southern
unique that tickets
Africa with more trains that can
would sell easily. Boy,
accommodate 72 passengers. The
was I mistaken.”
newest route, Trail of Two Oceans,
It took a decade for the
short, “The railway infrastructure on which we are 100% reliant needs attention
which departed for its maiden
company to break even. “We
voyage in July this year, follows
managed to sidestep bankruptcy
efficiently. We have procured
the east-to-west copper trail from
more than once,” says Vos.
our own electric and diesel
Dar es Salaam to Lobito in Angola. “Our new route coincides nicely
When Rovos Rail did eventually
to enable our services to run
locomotives so that one day we
start making some headway, the
may become independent of
with our 30th birthday. I’d like
company – like many others – was
Transnet in this department.
to say it was planned but I can’t
impacted by events such as a
Our goal is to be as self-reliant as
take credit for the serendipitous
volcanic ash cloud, airline strikes,
possible,” says Vos.
timing,” says Rohan Vos, owner
the Ebola outbreak and a crippling
and CEO of Rovos Rail Tours.
global recession.
Asked if he ever thought
“It’s certainly been a
The business now employs 440 staff members at Rovos Rail Station, the impressive private
Rovos Rail would progress this
challenging and interesting ride,”
railway station and headquarters
far, Vos responds, “Not at all.
he says with a smile.
in Pretoria. “We also have our own
We lost so much money in the early days and we knew nothing 22
SILVER DIGEST // SPRING 2019
There is a great deal that Vos would like to say about
little museum that pays homage to our 30 years of operation and also
LOCAL
South Africa’s railway history,” says Vos. A sixth train set is in production, with completion aimed for December 2019. This means that the company will be able to have five Rovos Rail trains out at once on any of the eight journeys it offers along with Shongololo Express, which was purchased and renovated in 2016, running on one of its three trips. What’s next for Rovos Rail? “Consolidation,” says Vos. “Once we’ve launched our sixth train, we need to focus on maintaining all the coaches, training staff and persevering in our pursuit to be independent,” he adds. “Our daughters are also actively involved in the business and I imagine there will be significant change over the next few years as they work with me to propel us forward.” •
Rovos Rail is running a 30 YEARS – 30% OFF promotion on selected departures from May to December 2019. See www.rovos.com for more information.
WWW.SILVERDIGEST.CO.ZA
23
T R AV E L
SINGITA
Malilangwe House CELEBRATES A STRIKING NEW LOOK
S
et in the private, remote
offering the ultimate in outdoor
Malilangwe Wildlife Reserve
living. Surrounded by magnificent
in southeast Zimbabwe,
boulders and ancient fig trees,
the newly redesigned Singita
the villa allows guests to immerse
Malilangwe House is perched on
themselves in the tones and
a rocky outcrop with spectacular
textures of the reserve’s dramatic
views of the dam below. Located
landscape.
alongside Singita Pamushana
Transforming the former
Lodge, this sole-use five-bedroom
master bedroom into a double-
villa, which reopened in July 2019,
volume space, the redesign also
takes its design and architectural
includes the addition of a large
cues from nature and local
automated panel of frameless
Shangaan culture.
glass, which drops away for an
Spacious interiors are connected, flowing seamlessly to
indoor/outdoor shower experience with unsurpassed views.
a raised outside dining platform and stylish interactive kitchen – and onto oversized decks 24
SILVER DIGEST // SPRING 2019
Continued …
LOCAL
WWW.SILVERDIGEST.CO.ZA
25
T R AV E L
LOCAL
An expansive rim-flow pool on the main deck is positioned on the extreme edge of the villa’s cliffside setting – maximising views and creating a visual connection with Malilangwe Dam. Each of the five luxurious suites also features its own private deck. This tranquil home was designed to provide families or small groups
conserved by Singita’s non-profit partner, The Malilangwe
the relaxed freedom
Trust. Bordering
to create days
Gonarezhou
on safari any way they
extraordinary lodges designed for privacy and flexibility for families and groups to connect in iconic wildlife locations. Itineraries,
National Park,
activities and meals are tailored
it boasts an
as guests set the rhythm of their
wish, with
exciting
safari vacation according to
a dedicated
diversity
their interests. •
chef,
of wildlife.
butler, and
Home
private game
to one of
vehicle with
the highest
experienced
concentrations of endangered
field guide catering to their every need. All elements chosen by
black rhino in Zimbabwe, as well as healthy
leading design team of Cécile
populations of elephant, cheetah,
& Boyd and GAPP Architects
wild dog, lion, leopard and
are sympathetic to the original
abundant birdlife, the reserve
essence of the villa, which drew
is a game-viewing paradise.
inspiration from the rich tribal
More than a traditional safari,
heritage of Ancient Zimbabwe. An
guests can immerse themselves
emphasis was placed on creating
in wellness experiences and fill
fluid transitions between in- and
days with fishing, sundowner
outdoor areas, which enhances the
cruises on Malilangwe Dam,
entire guest experience. The décor
in-room yoga and massages,
conveys refined luxury with rich
stargazing, wine tasting,
textures, geometric patterns, tile
community visits, bush walks
inlays, hammered brass and woven
and visits to ancient rock art
leather in tones of deep olive, tan,
sites. The virtually untouched
black and white, create a striking
Zimbabwean wilderness makes
backdrop for contemporary African
for an idyllic long-stay safari
artefacts, in keeping with the
for families.
nearby Singita Pamushana Lodge. The private 130 000-acre Malilangwe Wildlife Reserve is 26
SILVER DIGEST // SPRING 2019
This exclusive-use retreat forms part of Singita’s Private Villa Collection, a series of seven
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of plant diversity, as 70% of the plant species don’t grow anywhere else in the world. CapeNature is mandated with the important responsibility to manage, conserve and promote these natural and heritage assets.
also some challenges. We’ve built a credible brand to conserve the unique biodiversity of the Western Cape, which includes the Cape Floral Region that was declared a World Heritage Site (WHS) by the United Nations Educational, Scientific and Cultural Organisation in 2004. WHS aims to protect areas of outstanding natural, historical and cultural value. The Cape Floral Region is one of the world’s most unique regions in terms 28
SILVER DIGEST // SPRING 2019
biodiversity; in providing the public with pristine nature escapes; and in significantly impacting positively on the socio-economic status of many families through job-creation opportunities. Although our mandate is to conserve, we recognise that the environment offers opportunity for sustainable livelihoods. One of the success stories is the good relationship CapeNature fosters with
The two decades were abounding with exceptional successes, but
the Western Cape’s unique
Q. HOW WOULD YOU DESCRIBE CAPENATURE’S EFFECTIVENESS IN FULFILLING ITS ROLE OVER THE PAST 20 YEARS? The entity has maintained an astounding expansion of the protected estate through various means, especially through encouraging private land owners living on biodiversity-worthy land
communities adjacent to its protected areas, where local communities harvest plant material in a sustainable manner for their benefit.
Q. THE WESTERN CAPE IS ONE OF THE WORLD’S MOST BEAUTIFUL – IF NOT THE MOST BEAUTIFUL – COASTAL DESTINATION. HOW IMPORTANT IS BIODIVERSITY CONSERVATION, AND HOW DOES IT FEED INTO TOURISM IN THE PROVINCE? The Cape Floral Kingdom is one of
to conserve and manage their
six floral kingdoms in the world,
land in a sustainable manner. We
and is literally found nowhere else
have also excelled in guarding
on the planet. This magnifies our
Q. HOW DO YOU INTEND TO ENSURE THAT THE GENERAL PUBLIC REMAINS EDUCATED ON THE IMPORTANCE OF CARING FOR NATURE? A multipronged approach is key. While educating our children, who are the next generation, to better understand that the need to respect and care for the environment is crucial, it is also important to ensure that we factor the protection of the planet into policies, planning and implementation of all decisions we make. enormous responsibility to ensure the conservation of this unique floral kingdom, other associated lifeforms and the cultural heritage associated with this unique landscape. However, careful management of our natural assets present opportunities for tourism to contribute to the economy and create work opportunities for rural communities living around our nature reserves. Over the past five years, the implementation of an eco-tourism infrastructure programme created many SMME and job-creation opportunities, thus growing our revenue to augment our funding for our
Q. NATURE CONSERVATION IS A MALE-DOMINATED FIELD. WHAT ARE YOUR VIEWS ON THE EMPOWERMENT OF WOMEN IN THIS FIELD?
Q. DO YOU HAVE ANY FUTURE PROSPECTS FOR YOURSELF AND CAPENATURE?
International conventions such
the Board renewed my contract
as the Convention on Biological
for another five years. The entity
Diversity (CBD) recommend that
is in the process of concluding a
authorities consult and include
major restructuring of the way we
women in policy development,
operate, to ensure our readiness
and encourage the participation
to protect and conserve our
I have a passion for conservation
of women in conservation
environment for resilience and
and environmental work. In
initiatives at all levels. It is evident
sustainability for the next 20 years.
2003, I received a gold medal
from the work we do in the
I encourage members of the public
from WESSA for my contribution
landscape that women often have
to visit the CapeNature reserves
in the field of environmental
less access to natural resources
and to follow our journey as we
education. This award came
than men and are less involved
commemorate 20 years throughout
very unexpectedly. I guess that
in decision-making initiatives.
recognition of one’s contribution
These gender inequalities restrict
towards the work that you enjoy
the economic independence of
and Instagram) and pay a visit to
doing is always heartening
women, keeping them poverty
our website www.capenature.co.za
and affirming, especially in a
stricken, and undermines
as we continue to nurture nature,
leadership position.
sustainable development.
together. •
conservation endeavours.
Q. IN 2016, THE WILDLIFE & ENVIRONMENT SOCIETY OF SA (WESSA) AWARDED YOU THEIR LIFETIME CONSERVATION ACHIEVER AWARD. WHAT DID THIS ACCOLADE MEAN TO YOU AS LEADER OF CAPENATURE?
I concluded a full term of five years at the helm of CapeNature, and
2019 with various activities. Find us Cape Sugarbird
on social media (Facebook, Twitter
WWW.SILVERDIGEST.CO.ZA
29
Interview …
WHEN YOU HAVE A HEART ATTACK, YOU SEE THE FACE OF DEATH A
ntonio Banderas suffered a
stories. Everything else, like the
Jacinta – an interpretation of
heart attack two years ago.
car that I was going to buy, goes
Almodóvar’s mother in her
The Spanish actor says
out the window. It’s like, ‘I don’t
younger days. Banderas also
the major health scare has had a
need a new car!’”
profound effect on his life. He recounts, “I remember having
stars later this year alongside
Banderas was at the
Meryl Streep and Gary Oldman in
recent Cannes Film
Steven Soderbergh’s new movie
Festival 2019 for the
The Laundromat. Here, Antonio talks about
the heart attack and
premiere of his latest
thinking, ‘Really?
film Pain and Glory.
his latest projects, his first
I’m going to finish
The movie marks
encounter with fellow Spaniard
like this?’ And when
the eighth time that
Pedro Almodóvar and what it
I got out of there, I
Banderas has worked
was like to play a version of the
said, ‘Ah no, I have to
with director Pedro
really, really go for the
Almodóvar. Pain and
important things.’
Glory traces the decline
“And the really important things are my daughter, my friends and my profession, what I love to do, which is acting and telling
30
SILVER DIGEST // SPRING 2019
of a celebrated film director Actors Stella Banderas and Antonio Banderas in Hollywood, California, for the Centerpiece Gala Premiere of Alcon Entertainment's The 33 on November 9, 2015
great director on screen. He also talks about his recent TV role playing Pablo Picasso in Genius, his relationship to Malaga, the
[played by Banderas] and is
hometown that they both share,
loosely based on Almodóvar’s
and how he is investing in young
own life. Penelope Cruz plays
actors in his city.
PHOTOS: MICHAEL KOVAC/GETTY IMAGES FOR AFI AND PAUL SMITH / FEATUREFLASH
BY JASON ADAMS/HOTFEATURES
A N TO N I O B A N D E R A S
SO ANTONIO, YOU’VE HAD AN INCREDIBLE CAREER SO FAR AND IN THE FILM YOUR CHARACTER SAYS, ‘WITHOUT FILM, MY LIFE IS MEANINGLESS’ – CAN YOU RELATE TO THAT? ANTONIO BANDERAS: Every day more and more. Yes. When you get to my age you will understand [laughs]. But at this moment in life there is only space for the truth. Especially if you’ve had a heart attack, you see the face of death very close to you, and you say, ‘Oh my god, this is it?’ I remember having the heart attack and thinking, ‘Really? I’m going to finish like this?’ And when I got out of there, I said, ‘Ah no, I have to really, really go for the important things.’
DO YOU NEED TO HAVE A HEART ATTACK TO LEARN SOMETHING LIKE THIS? AB: I suppose not everybody. There are people who are way, way more intelligent than me.
PAIN AND GLORY IS BASED LOOSELY ON PEDRO’S LIFE – DID HE TALK TO YOU ABOUT THE DELICATE ISSUES? AB: Well, the first conversation we had before he sent me the script was, ‘I’m going to send you something that I have written that is filled with many references that you know.’ So many of the characters that are in the movie are characters that I have met. Continued …
Antonio Bandera & Nicole Kimpel on 25 May 2019 at the Closing Gala premiere of the 72nd Festival de Cannes
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31
INTERVIEW
A N TO N I O B A N D E R A S
There is one character, Alberto, who is like a Frankenstein made
Antonio Banderas and Pedro AlmodÓvar at the 2011 AFI FEST Special Screening of Law of Desire, Chinese Theater, Hollywood
of many different actors, even actresses. I can even see some lines there that are mine [laughs]. So it’s a fiction that is more real than the reality, in a way. The movie is filled with those things that Pedro Almodóvar wanted to say and
PHOTOS: SHUTTERSTOCK
never said.
AND YOU WERE NEVER AFRAID THAT THIS WOULD BECOME TOO PERSONAL? AB: Every movie that Almodóvar has done has been very personal but this one even more so, yes. Absolutely. I mean it was clear, he didn’t hide anything. When I arrived
others, ‘Who is this guy?’ And they
I read it and I called him the next
at the set on the first day, we started
said, ‘His name is Pedro Almodóvar
day and said, ‘Hey, I’m in.’ [laughs]
rehearsing and we went to do the
and he made one movie, but he will
camera test and he started showing
never do another one.’ [laughs]
me the colours that I will be wearing. And I saw the set and it’s an exact replica of his house.
CAN YOU REMEMBER THE FIRST TIME YOU MET PEDRO? AB: Yes. It was in Madrid. I was in a coffee shop outside of the National Theatre,
“
Every movie that Almodóvar has done has been very personal but this one even more so
where I was working at that time. And I was with some friends
”
AND THEN WHAT HAPPENED? HE CAME BACK TO YOU LATER ON, OF COURSE?
DO YOU REMEMBER THE FIRST TIME YOU FELL IN LOVE WITH CINEMA, AS A KID? AB: No. For me it was theatre. My father and mother were theatre aficionados and the theatre, for me, is a special thing. It’s
AB: A month after he
like a wonderful woman who
came to the theatre, with
loved me and I left her behind,
Cecilia Roth, somebody
incomprehensibly. But yeah,
said, ‘This young director
theatre was my first love. When
Pedro Almodóvar is in
I was a little kid, I just loved the
the audience’ before
ritual of going to a place where
the performance. I said,
a bunch of people tell a story to
‘Okay.’ So we did the
another bunch of people. I thought
performance and I was
it was such an act of civilisation. It
in my dressing room
was unbelievable to me. So at some
and Pedro came and said, ‘Hey,
point, very, very young, I started
came with a red briefcase and he
have you done any movies?’ I said,
being really uncomfortable in the
sat down. I don’t remember what
‘No.’ He said, ‘Do you want to do a
theatre and I didn’t know why. And
he said but he was very funny and
movie?’ And I said, ‘Sure.’ And he
the reason is that I wanted to be
ingenious. And suddenly he stood
just threw me a script and said,
there and not here. I didn’t realise
up and he looked at me and he
‘Read this character called Sadec
this at the beginning but there was
says, ‘You should do movies.’ I said,
[Labyrinth of Passion] and if you like
a moment where I said, ‘I have to
‘Okay.’ So he left and I asked the
it, you’re in.’ I said, ‘Wow, okay.’ So
do this.’ And I then did.
there, other actors, and this guy
32
SILVER DIGEST // SPRING 2019
Continued …
INTERVIEW
ONE OF THE THEMES OF PAIN AND GLORY IS RECONCILIATION – CAN YOU TALK A BIT ABOUT THAT? AB: I think that’s where the movie touched the hearts of people, because we all have our own circles that are incomplete in our life. And the movie goes to family, father, boyfriend, actors – and he starts closing those circles and that’s really important. When something is so personal it can become so universal. Actually, it’s very interesting because I think we all have backpacks filled with pain and glory. And so everybody, even
ARE YOU GOING TO DO MORE DIRECTING?
position.’ You have to imagine this
ARE YOU ALSO IN RECONCILIATION MODE IN YOUR OWN LIFE? YOU SEEM TO BE CONNECTING MORE WITH YOUR HOME TOWN OF MALAGA AND ARE BUILDING A MUSICAL THEATRE THERE?
from the point of view of somebody
AB: In a way, yes. It has to do
at the same time. And I chose
if it’s not the same story, connects with some of those things. How many people, for example, wanted to say to their mothers, ‘I’m sorry that I am different, mum, and I’m sorry because I put you in a bad
like Pedro in the ‘60s, in a dictatorship, in a little village in the middle of La Mancha, where everybody knows everybody and suddenly homosexuality is playing a role there – that is punishing to the family. It was not easy at that time. There are many people
“
Picasso was continuously searching, until the day he died experimenting
who relate to being different in a society that has been punishing people for being
”
AB: Yeah, I am writing. I’ve directed two movies and they were basically novels, and the same novelist wrote the script. I have three or four things going
more with what we
the most perfect, romantic
were talking about
way to ruin myself – buying a
before – going for the
theatre. I didn’t have any idea
truth. I love to see
how complex the thing was.
young people getting
Even just to reconstruct it – not
on the stage and having
even reconstruct, it’s almost like
more opportunities in
building it. So if you see me in the
my home town than
next two years doing any stupid
I had. It gives me a
movies, it’s to pay for the theatre.
strange satisfaction that I cannot explain. To see them getting on the stage, doing things, progressing, having opportunities. Because
THIS IS THE EIGHTH FILM YOU HAD DONE WITH PEDRO – CAN YOU TALK US THROUGH THE MOST IMPORTANT ONES FOR YOU?
different for many years. In fact,
I believe very much that we have a
AB: Law of Desire, Tie Me Up! Tie
there are many countries still
lot of talent in the country. So, if I
Me Down!, maybe also Women on
in today’s world where they are
can give them platforms to shine,
the Verge…. Law of Desire because
punishing that behaviour, crazily.
I think it is important and makes
it was not only challenging the
So people can relate to this.
me feel very good.
rules of cinema and narrative in
34
SILVER DIGEST // SPRING 2019
PHOTOS: CARLOS ALVAREZ/GETTY IMAGES, TASOS KATOPODIS/WIREIMAGE
A N TO N I O B A N D E R A S Antonio Banderas attends Genius Picasso photocall at Palace Hotel on 28 March 2018 in Madrid, Spain
our country at the time, 1985, but
Everybody was just talking about
shows Picasso at the age of 82
defining the rules of morality. It
this, ‘Pedro Almodóvar – how
until his death, I was picked up
was an interesting, very simple
dare he!’ You know, in a Catholic
at 2am and in make-up at 3am
reflection. I remember my
country. So that movie opened
to be ready at 8.35, five-and-
character kills a guy in one of the
closed minds. I remember having
a-half hours later. And then I
scenes and that was okay. People
an actor with me on the second
had to work for 10 hours with
didn’t say anything about that –
movie that I directed in Spain
make-up that doesn’t allow my
but kissing another person of the
and he said to me, ‘Antonio, the
face to breathe. And I continued
same sex! It’s more punishable
night I saw that movie, I went
day after day with no sleep. But
from a morality point of view than
home and I took my mother and
I learned so much from Picasso.
killing. So that simple reflection
my father and I sat them on the
Picasso was, ‘I’ve done this.
opened a whole entire thing in
sofa and I confessed to them that
Next.’ So he was continuously
my country in the ‘80s.
I was homosexual.’ And I know
searching, until the day he
many people who had seen the
died experimenting.
movie who took a step ahead and revealed who they were, in a natural way.
ARE THERE ANY OTHER SPANISH ICONS YOU WOULD LIKE TO PLAY?
AND THE OTHERS?
AB: I would have loved to have
AB: Women on the
played Federico García Lorca.
Verge... was the
Because he’s Andalusian,
first movie that
probably the best Spanish poet
really connected
and dramatist ever. But I am too
with mainstream
old for that.
audiences. My people thought
WHAT ELSE HAVE YOU BEEN WORKING ON?
it was funny and
AB: I just did a movie with Steven
Almodóvar was
Soderbergh about the Panama
finally normal!
Papers [The Laundromat], which is
mother and
actually a satire, funny and weird.
YOU RECENTLY STARRED AS PICASSO IN TV SERIES GENIUS – HOW WAS THAT?
FINALLY, WHAT IS YOUR MOST PRECIOUS POSSESSION?
AB: It was a physically
‘My body is a cathedral.’ You have
hard shoot. Because it
to maintain it. •
AB: Me, myself. Like Pedro says,
Gary Oldman, Meryl Streep, and Antonio Banderas attend The Laundromat premiere during the 2019 Toronto International Film Festival at Princess of Wales Theatre on 9 September 2019 in Toronto, Canada
WWW.SILVERDIGEST.CO.ZA
35
Money …
THE REAL COSTS OF DERISKING WHEN YOU RETIRE
T
he sad truth in South
assets (cash and bonds); but these
have generally produced a real
Africa is that many people
assets will not provide them with
return of around 5% per year.
face a high risk of running
sufficient inflation-beating returns
For investors who haven’t saved
throughout their retirement.
enough for retirement, these
out of money in retirement. However, what most people don’t realise is that, ironically, what is increasing their risk of running
Over the past 40 years,
potentially higher returns, plus
bonds and cash have
the extra years spent in growth
historically delivered real returns of 2.9% and 2.0%
assets, can both play a crucial role in extending the longevity of their retirement income. This is
out of money
respectively per
particularly important these days
in retirement
year. Meanwhile,
given people’s longer life spans,
is their fear of
equities have
where you can easily spend 30-
losing money,
outperformed
plus years in retirement.
which is driving
inflation by
them to invest more conservatively when they reach retirement. Here we examine the true costs of
7.2% per year over the same period. Combining these assets in a typical ‘balanced’ portfolio of
To illustrate this point, Graph 1 shows the length of time your money would last if you de-risked your investment from a typical balanced portfolio earning a real 5% p.a. to a cash portfolio earning
investing conservatively after you
around 25% in fixed income and
a real 2% p.a. when you retire at
retire.
75% in equities and property
age 60, compared to remaining
The premise of this strategy is to de-risk your portfolio at (or even before) retirement, in order to avoid any big losses. Investors choose less volatile fixed-income assets (such as cash and bonds) as they move into retirement in order to minimise volatility or their risk of capital loss over the short term. One of the major drawbacks of this approach is that it limits your investment’s growth potential exactly at the time when your retirement capital is typically at its highest-ever value. By design, at retirement clients are choosing what they believe are low-risk 36
SILVER DIGEST //SPRING 2019
MONEY
invested in a balanced fund
staying exposed to equity and
retirement pot further into your
throughout your life. We can see
listed property can dramatically
retired years. Of course, you will
that your investment value of
reduce the probability of outliving
experience more ups and downs
around R10m at age 60 lasts to
your money.
in your investment value, and
age 79 as you withdraw an income
In conclusion, if you’ve saved
your reaction to this needs to be
while earning only a real 2%
enough to retire comfortably
managed carefully, hopefully with
return (shown by the light grey
and you’re more concerned
the help of a financial adviser.
area). However, by continuing to
about reducing volatility, then a
However, if you save some of the
earn a 5% real return (depicted
conservative approach might be a
higher returns from good months
by the darker grey-green area),
viable option for you. However, if
to make up for the lower returns
you build up much more value
you haven’t saved enough and are
from bad months, this could go a
in your retirement pot over the
concerned about outliving your
long way towards overcoming the
years, and it lasts to age 90, or 11
retirement savings, you should
fear of volatility. •
years longer, while still drawing
seriously consider holding more
the same income. Put differently,
growth assets to help build that
First published in MoneyMarketing, August 2019
RETIREMENT: WORKING WITH WHAT YOU’VE GOT
D
iscussions around
stage in your life when you start
retirement typically
drawing retirement income
revolve around having the
from your portfolio. But one of
required funds to live comfortably
the key concerns for any person
once a person stops working. This
approaching retirement is whether
‘income for retirement’ is what
there is enough saved, especially
most of us save up for during the
given how life expectancy has
bulk of our lives.
increased over the years.
But what happens when
So, instead of spending 10 or
it comes time to decumulate
15 years in retirement, this could
that wealth?
easily translate to 20 or 25 years.
Arthur Case, Brand
This puts an enormous amount of
Marketing Director at Evergreen
pressure to ensure people’s funds
Retirement Holdings, believes
still work for them when they are
more must be done to highlight
no longer able or inclined to.
investment strategies around this critical aspect. Decumulation refers to the
“Of course, this is not only a challenge in South Africa but Continued …
WWW.SILVERDIGEST.CO.ZA
37
MONEY
globally as well. Many who fall
questions that will fundamentally
into the baby boomer generation
impact the rest of their lives.
model, once an estate has been
category still think they will be
Things like whether they want to
built, the developer packs up
able to pull a rabbit out of their
live in the same home or look at
and goes on to the new project.
hat during the last few years of
downsizing to an apartment, or
However, in the case of life rights,
their working life. With this being
perhaps residential or retirement
the developer continues to invest
unlikely, they need to wise up as to
estates, are all burning questions
in the village to keep it pristine.
how to work with the capital they do
they need to work through.”
have available,” says Case. Perhaps the most concerning aspect is that financial advisors often disappear during the decumulation phase of one’s life. With advisors generously compensated for growing assets during the investment cycle, they don’t seem to be available
“
Too often, when
Financial advisors often disappear during the decumulation phase of one’s life
to offer advice when those funds start eroding or need to be spent on buying a retirement property. “In fact, one of the most
”
In contrast, with the traditional
“So, the developer stays involved and provides all the
people are concerned
services and care required,
about their future, they
taking out most of the cost and
put their heads in the
risk involved in managing your
sand and hope it will
property. Going the traditional
miraculously work out
route sees the need to form a
for the best. Sadly, the
body corporate with residents as
reality does not always
members that need to manage
work that way.
everything themselves. Even if
When it comes to
they opt to get a professional firm
property, there are several
in to assist, the third party will
models to consider. On
rarely be as committed as a life
the one hand, there is the
rights developer to ensure the
traditional approach of
success of the village.”
buying a sectional title or a freehold
Furthermore, given the
property in a retirement village.
importance of a long-term
pertinent questions retirees are
On the other, is the increasingly
decumulation strategy, there are
asking themselves is where they
popular life rights model.
flexible pricing models available
are going to see out their twilight
“This sees a person buying the
when it comes to life rights.
years. The where and how they are
right to occupy a property for the
going to live become significant
rest of their life. Typically, this is
be to pay the purchase price for
done via a once-off payment with
the unit that is aligned to the
the original capital returning to
market value. However, if this
the estate of the life rights holder
is unaffordable, the developer
when they pass away. In other
can reduce the purchase price
words, the person has the security
and is then compensated by
of guaranteed lifetime occupation
reducing the capital paid back
of a property.”
at the end, so the person’s estate
One of the ways this is different
38
SILVER DIGEST //SPRING 2019
“The standard strategy would
might only get back 60% to 80%
to the traditional concept of buying
of the original capital. This is
property is that the developer of
certainly proving to be a boon
the estate stays involved even after
for people concerned about what
the building stops. It is all about
will happen to them during the
building a long-term relationship
decumulation stage of their lives,”
with residents.
he concludes. •
HERE FOR YOU, THERE FOR YOU PARTNER WITH TOP INTERNATIONAL INVESTMENT EXPERTS, HAND-PICKED FROM THE BEST, WORLDWIDE.
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MONEY
INVESTING OFFSHORE
I
nternational diversification
The performance of the rand
may be on top of your mind for
significantly impacts how investors
a multitude of reasons. Perhaps
perceive international investments.
you are tempted to increase your
The caveat to this argument is
retirement portfolio’s international
that too much offshore exposure
exposure due to current sentiment
can hurt your portfolio due to
towards the country, specific
inflation rates being much lower
currency expectations, or the
in international markets. South
recent disappointing returns from
African inflation is much higher
most local asset classes.
than the rest of the developed
It is, however, important to
world, which sets a significant
remember that having exposure to
hurdle for investors that want
foreign asset classes is not about
inflation-beating returns. For
timing. Instead, it is an allocation
instance, it is less relevant to get
that you should be making with
US dollar returns ahead of US
strategic (not temporary) reasons in
inflation when you are living in
mind. Moreover, there are specific
South Africa and require returns
considerations that are unique
ahead of SA inflation. This results
to those already in retirement.
in the unintended consequence
While it may be best to draw up a
of become too dependent on
comprehensive financial plan with
continued rand weakness.
a qualified financial adviser, we can offer the following general guidance to consider as part of your decisionmaking process.
REMEMBER THE CURRENCY IN WHICH YOU NEED TO FUND YOUR RETIREMENT INCOME You may have decided to spend
BE MINDFUL OF WHAT’S IN YOUR SHOPPING BASKET
the rest of your retirement years
investment is a balanced fund
in South Africa. This means you
where regulatory limits allow up to
Many items in your shopping
need to draw a rand-denominated
30% offshore exposure. In addition,
basket (from fuel to food to possibly
income from your living annuity
there are a multitude of JSE-listed
your biggest expense, healthcare)
portfolio over the long term. As
businesses that would make up part
are largely priced in foreign
the local currency can be volatile,
of your South African allocation,
currencies as the inputs are either
you should guard against having
but that are in fact truly global
commodities (with prices struck in
too much international exposure
businesses, such as Naspers, British
global markets), or heavily reliant
within your living annuity portfolio.
American Tobacco and Anheuser
on imported content. Having
Busch Inbev, to name a few. In the case of Coronation’s multi-asset
change in price of this part of your
YOU MAY ALREADY HAVE SUFFICIENT OFFSHORE EXPOSURE
future shopping basket. Episodes
As a retired investor, your
sufficient offshore exposure when
of currency weakness will more
retirement savings are likely to
you consider the total international
than likely remain a strong driver
be invested in a living annuity
exposure. Take the Coronation
of price increases into the future.
product of which the underlying
Capital Plus Fund (our flagship post-
adequate international exposure is a hedge against the long-term
40
SILVER DIGEST //SPRING 2019
funds aimed at post-retirement investors, you may already have
BY CHRISTO LINEVELDT, CORONATION FUND MANAGERS
IN RETIREMENT They also benefit from the full externalisation of your assets: not only are they benchmarked against global markets, they are also established and regulated outside of South Africa and denominated in hard currencies. This means that when the time comes for the next generation to spend that investment, they’ll know exactly what it’s worth – no dependency on rand conversion. Here, too, a multi-asset class fund may meet the needs of most investors. With single-asset class funds (such as a global equity fund), you take your own asset allocation responsibility. The risk is that you may be tempted to switch into or out of an asset class at the wrong time. In times of increased economic uncertainty, we think that most investors are better served by investing in a multi-asset class fund (such as a balanced retirement fund) as an example. The
surplus to your own retirement
fund) where the professional
fund has direct offshore exposure
funding requirements and
investment managers actively
to international assets of 26.5%,
that you want to leave to future
vary the exposure to different
however the total non-SA exposure
generations. Perhaps you want
assets on your behalf.
in the fund is 55.3%1 once you
to ensure financial comfort for
look through our domestic equity
your children on a different
international balanced funds,
component where a large portion of
continent or assist with funding
Coronation Global Managed and
our holdings’ economic exposure is
of a grandchild’s international
Coronation Global Capital Plus,
outside of South Africa.
education. If this sounds like
which meet different investor
you, then consider investing in
needs. We also offer these funds
DISCRETIONARY MONEY (OUTSIDE OF YOUR RETIREMENT FUND) CAN BE INVESTED OFFSHORE
a hard currency-denominated
in rand-denominated versions. •
and foreign domiciled
1
You may have discretionary
selected from all global markets
money outside of your living
and are managed to serve your
annuity that you regard as
needs in foreign currency terms.
Coronation offers two
Figures as at 31 July 2019
international fund. These funds hold assets
To find out more about investing offshore, visit www.coronation.com or speak to your financial adviser. For more information about the funds mentioned, download the comprehensive factsheets from their website. WWW.SILVERDIGEST.CO.ZA
41
MONEY
EIGHT QUESTIONS ABOUT DEATH AND TAXES T
2
4
WHAT IS ESTATE DUTY?
here are two things we
can be certain of: death
WHAT DEDUCTIONS ARE ALLOWED?
Estate Duty is a tax paid on the
and taxes. In South Africa,
like in most countries, those
‘dutiable estate’ of a deceased
Allowable deductions that
individual. It is charged at a
two go together in the form of
influence Estate Duty calculations
rate of 20% on the first
inheritance taxes. These are taxes that the deceased estate has to
include debts, funeral and death-
R30m of the dutiable estate,
bed expenses, administration
and 25% on anything
pay, in addition to the personal
above R30m. The
tax of the deceased person for
dutiable estate
their final tax year.
comprises all
The personal tax is levied on
costs, property transferred to a surviving spouse, and the first R3.5m of the value of the estate. The
the deceased
first R3.5m of the
the income the deceased person
individual’s
value of an estate is
received, before their death,
property (assets
not subject to Estate
during the course of the tax year,
and liabilities),
Duty. This allowance
and inheritance taxes are levied
after the allowable
may be added to the
on what they leave behind in their
deductions have
allowance granted to
will. Capital Legacy’s CEO, Alex
been made (more
the surviving spouse of
Simeonides, takes us through
3
about that later).
a deceased person, which
eight questions that delve into the
amounts to a total of R7m that
WHEN IS ESTATE DUTY LEVIED ON AN ESTATE?
is not subject to Estate Duty,
Estate Duty is levied on the assets of
spouse. Deductions are also
deceased individuals who resided in
allowed for liabilities, bequests
WHICH TAXES APPLY WHEN SOMEONE DIES?
South Africa at the time of their death
made to qualifying public benefit
(irrespective of their citizenship),
organisations, and assets that are
Two separate taxes are levied on
and on the South African assets of
intricacies of the two inheritance taxes we face in SA: Estate Duty
1
and Capital Gains Tax.
a deceased estate: one is Estate
Foreign property is considered in
Gains Tax. Estate Duty taxes
the calculation of the dutiable estate
the transfer of wealth (assets)
of an individual who resided in South
from the deceased’s estate to the
Africa at the time of their death.
levied on any capital gain (profit) on the sale or transfer of an asset, which a deceased individual is considered to have done upon their death.
42
SILVER DIGEST //SPRING 2019
5
inherited by the surviving spouse.
deceased individuals who lived abroad.
Duty and the other is Capital
beneficiaries. Capital Gains Tax is
upon the death of the second
WHAT ABOUT ESTATE DUTY ON RETIREMENT PLANNING? If an individual died on or after 1 January 2009, any retirement
“There are taxes the deceased estate has to pay, in addition to personal tax
”
annuity and pension or provident fund benefits (including lump sums) are not considered as “property” and are therefore not subject to Estate Duty. Continued …
6
MONEY
HOW DOES LIFE INSURANCE IMPACT ESTATE DUTY?
policies where a spouse or child
declares that a deceased individual
is nominated as a beneficiary,
will be deemed to have disposed of
When a life insurance policy is
buy-and-sell policies, and key-
their assets for an amount equal to
paid out, the value of the pay-out
person policies that conform to
the market value of the assets, on
is included in the value of the
the conditions as set out in the
the date of death. However, CGT is
deceased’s estate and it could
Act. It is important to note that
not a separate tax but forms part
therefore impact the amount on
endowment policies (local and
of Income Tax. The inclusion rate
which the Estate Duty is levied.
offshore) that do not pay out on
for CGT is 40% for individuals and
There are certain exemptions,
the death of a life assured, but
deceased estates, and therefore
such as:
that are owned or part-owned
the maximum effective rate of 18%
• When the policy falls outside
by a deceased policyholder, will
of the estate in terms of an
be subject to Estate Duty. The
antenuptial contract
surrender value of the policy must
• When the policy had been
7
implemented and paid for by a business partner and the
be included as property in the deceased estate.
8
would be levied.
IS ANY PROFIT EXCLUDED FROM CAPITAL GAINS TAX? There are some exclusions that apply to CGT. Any assets that
of the individual whose life had
WHAT IS CAPITAL GAINS TAX (CGT) AND WHO HAS TO PAY IT?
been insured
South African residents (living
applicable for the year in which
or deceased) have to pay CGT on
the individual passed away.
proceeds are then paid to the
business partner on the death
• When the policy was not taken
out by the deceased individual
the profit (capital gains) that is
and will not be used to benefit
made when disposing of an asset.
a family member or business
Non-residents are subject to CGT
associate of the deceased.
on capital gains arising from the disposal of immovable property or
The life insurance policies referred to above include
an interest in immovable property in South Africa. The Income Tax Act
go to the surviving spouse are exempt from CGT. Furthermore, an exclusion of R300 000 is also
Other basic exclusions include: • The first R2m profit on the disposal of a primary residence (such as your house) • Most personal use assets (such as vehicles) • Retirement benefits and payments from original longterm insurance policies • A small business exclusion of R1.8m, when a small business with a market value not exceeding R10m is disposed of (subject to certain qualifying criteria). If you have any questions about how to manage the cash required to cover these taxes, speak to your financial advisor. There are insurance products available to offset these costs when you die and relieve your estate, and your heirs, of these expenses. •
44
SILVER DIGEST //SPRING 2019
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45
H E A LT H
CAN USING ASPIRIN REGULARLY KEEP YOUR HEART HEALTHY? It seems every day a new study contradicts the last – and all the while, your heart could be at risk. Mediclinic experts get to the bottom of this debate.
T
he idea that aspirin can
while one that blocks blood from
help prevent a heart attack
travelling to the brain can cause
if taken regularly has
a stroke.
been in the news for years, with competing headlines alternating
HOW ASPIRIN WORKS
between singing the praises of this
How can aspirin help? Well,
tactic or warning against it.
aspirin is a nonsteroidal antiinflammatory drug (NSAID) often
BLOOD CLOTTING
used to treat pain and fever. It
Every hour in South Africa, five
restricts your body’s inflammatory
people have heart attacks – while
response by blocking an enzyme,
another 10 will have strokes,
cyclooxygenase, and can interfere
according to research from the
with the chemicals that stimulate
Heart and Stroke Foundation of SA.
the body’s natural blood-clotting
Can an aspirin a day help reduce
response, says Melody Dreyer, a
your risk? Before we dive into the
ward pharmacist at Mediclinic
merits of daily aspirin therapy as
Bloemfontein.
a heart-health strategy, let’s take a
“Usually, aspirin can be used to
Do you feel you may benefit from daily aspirin therapy? Speak to your doctor about whether these risks outweigh the benefits in your specific case. Your doctor will need to conduct a thorough examination of your medical history in order to advise you on the best or most appropriate course of action
“Aspirin in pharmacological doses can reduce the incidence of cardiac arrest in those with a high risk of heart attack,” says Dr Ighsaan Carr, a Mediclinic Cape Town and Constantiaberg physician. “Daily intake of low-dose aspirin can help prevent strokes.” However, research also shows daily aspirin therapy is not for everyone. “People who are at risk of developing deep vein thrombosis, for example, should avoid aspirin and other NSAIDs, such as ibuprofen, as these anticlotting drugs can increase the risk of bleeding,” says Dr Kris
closer look at how your body works.
limit inflammation, reduce fever
Michalowski, a vascular surgeon at
Whenever you bleed, clotting cells
and to relieve mild to moderate
Mediclinic Milnerton.
called platelets build up around the
pain, such as headaches, sprains
area to seal the wound – this helps
and strains, toothaches and
in the last trimester of pregnancy,
prevent your blood vessel from
menstrual pain,” she says. “And in
in people over 65 years old who are
bleeding further.
low doses, it may be prescribed to
already on another blood-thinning
thin the blood.”
agent, and in children under 16,”
But if your blood vessels are narrowed due to a build-up of fatty
“Aspirin should also be avoided
warns Dreyer.
can lead to bleeding inside the
WHO SHOULD TAKE ASPIRIN DAILY?
may prescribe an aspirin a day if
vessels themselves. In that case,
Aspirin is not a one-size-fits-all
you need it, depending on certain
platelets will rush to the site to
approach to improved heart health.
factors in your health history. •
deposits, such as cholesterol, this
form a clot to stop the bleeding, inflaming the area and blocking the artery in the process. That interrupts normal blood flow. A clot that cuts off blood flow to the heart can cause a heart attack, 46
SILVER DIGEST // SPRING 2019
On the one hand, its effects are proven in many cases.
The bottom line: your doctor
First published on www.mediclinicinfohub.co.za
H E A LT H
MY COLD IS GONE, SO WHY AM I STILL COUGHING? symptoms is a cough.
O
UPPER RESPIRATORY TRACT INFECTION
When coupled with a
Sometimes there’s still some
runny nose, sneezing, sore throat
residual airway inflammation
and fatigue, it can make anyone
in the lungs from typical upper
feel miserable. Usually after a week
respiratory tract infections. So
or so, a cold runs its course and
even after the real meat of the
most of the symptoms go away. But
infection is gone and you’re
for some people, the cough hangs
starting to feel better, you have this
around a little longer.
cough because you still have some
ne of the classic cold
inflammation in the lungs. The
WHY DO WE COUGH AND WHAT CAN WE DO ABOUT IT?
lungs are quite sensitive, so when
Jonathan Parsons, director of
it doesn’t take a lot to cause a
the Asthma Center and division
cough. “If you have an infection,
director in the Division of
it’s always good to drink plenty of
Pulmonary, Critical Care, and
fluids. Staying hydrated will help
Sleep Medicine at The Ohio State
thin out the mucus in your lungs
University Wexner Medical Center,
and sinuses to help you get it out
explains five things you should
of there easier. If it’s thick and
know about that persistent cough.
sticky, it’s hard for you to cough it
they are inflamed and irritated,
out of your lungs or blow it out of
PROTECTIVE REFLEX
your nose. If it’s thinner, it’s easier
Humans developed the ability to
to expel,” said Parsons.
cough over time to do a number of
The lungs are quite sensitive, so when they are inflamed and irritated, it doesn’t take a lot to cause a cough
When you’re trying to fall asleep,
that are in the lungs that cause
COUGHING CAN BE WORSE AT NIGHT
irritation. We’ve learned to cough
If you’ve got an upper respiratory
to expel the mucus that may be
tract infection with any kind of
down there. Another is to protect
sinus congestion or runny nose,
your airway from anything going
when you lay down or go to bed,
into your lungs, so you don’t choke.
the mucus drains down the back
point where they aren’t getting any
“We’ve all had the experience
of your throat on top of your
sleep at all, which impacts their
where we take a drink and it goes
upper airway, which causes you
ability to function during the day. In
down the wrong pipe, we cough,
to cough. Coughing at night is
that situation, you might consider
and it comes spraying out of our
more disruptive because you’re
taking a cough suppressant with
nose or mouth. That’s a reflex
trying to sleep. If you’re coughing
codeine to blunt the cough reflex
mechanism that we’ve developed to
throughout the day, you cough
and assist with sleep,” said Parsons.
protect our airway,” said Parsons.
and continue with your activities.
things. One is to eliminate things
48
SILVER DIGEST // SPRING 2019
coughing can make it really hard, so it’s more irritating and frustrating for you and, potentially, your bed partner. “For some patients, their cough is so severe that it disrupts their sleep to the
Continued …
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H E A LT H
CHRONIC COUGH “When you’re in the middle of an
• Uncontrolled allergies (animal and environmental)
three weeks have past. “If you’re coughing up blood, spiking fevers,
infection and you’re coughing, it
• Uncontrolled asthma
or have significant shortness
doesn’t seem like it’s ever going
• Side effects to medicine,
of breath associated with the
to end. It’s frustrating but it’s
including some blood pressure
cough, you need to be evaluated
a normal, protective and self-
medications and non-steroidal
quickly. You could have walking
limited reflex,” said Parsons. “If
medications like ibuprofen and
pneumonia. If you’re a smoker,
you’re still coughing and feeling
aspirin
it could be cancer. A doctor
sick after three weeks, you should
• Acid reflux where acid comes
probably be evaluated. Make an
up from the stomach and
appointment to see your primary
irritates the upper airway while
care doctor. If necessary, your
you’re sleeping, causing a
primary care doctor will refer you
persistent dry cough the
to a pulmonologist,” said Parsons.
next day.
will examine you to determine the cause of the cough and establish a treatment plan,” said Parsons. •
“In our cough clinic, the definition
than three weeks. That usually will
A PERSISTENT COUGH COULD BE A SYMPTOM OF A SERIOUS ILLNESS
extend past most viral infections
There are warning signs that
or any other respiratory infection.”
you should seek medical care
of a chronic cough would be a cough that is persistent for more
The common causes are:
50
SILVER DIGEST // SPRING 2019
for a persistent cough before
First published in Pharmacy Magazine, May 2019
H E A LT H
LIFECHANGING POSSIBILITIES FOR TODAY’S AGELESS PEOPLE of connectedness
W
themselves from family, friends
should it be required. By making
and today’s ageless
and church gatherings. Add to
use of ‘international best practice’,
population lead active lifestyles.
this the frustration loved ones and
as well as their own developed
Cell phones have become far more
friends experience by having to
testing and hearing aid fitting
than just telephones, taking centre
constantly repeat themselves or
protocols, patients are guaranteed
stage in life.
even being misunderstood.
their hearing will improve, or their
e live in a world
Today’s modern hearing aids
This leads to people isolating
Lives are changed daily at
correct hearing aids suggested,
money refunded.
not only let users hear well, but
the Ear Institute, and the most
also support their active and
frequent comment we receive is,
great lengths in offering patients
unique lifestyle through Bluetooth
“I should have visited you years
consistency of service and care at
streaming to any cell phone,
ago!” This statement supports
every facility – no matter how large
car, TV, PC and even aircraft
international research showing
or small – in a friendly, safe and
navigation – offering endless
that people often wait years
comfortable environment. Services
lifechanging possibilities.
before they seek professional
that are offered free of charge
assistance, also for tinnitus
include secure onsite parking,
(ringing in the ears).
cleaning of hearing aids and ear
Notwithstanding all this modern hearing aid technology, many people still delay seeking help and
The Ear Institute is a family-
The Ear Institute goes to
moulds, as well as Nespresso
even people with a slight hearing
owned, multi-professional
cappuccinos – all forming part of
loss have difficulty understanding
Group Practice. From small
the Ear Institute experience.
speech in noise. Family gatherings
beginnings in 1975, it has
or listening in noisy areas like
grown to a world-class hearing
healthcare professionals are
restaurants becomes challenging
healthcare organisation with 24
registered with the Health
and often people start avoiding
Ear Institutes situated throughout
Professions Council and all hearing
social gatherings.
South Africa and Namibia.
tests are covered by medical
Visitors from around the
comprehensive range of hearing
by their excellent facilities and
protection lifestyle products
friendly staff but most of all by the
(sleeping plugs, swim plugs and
outstanding professional service
custom hearing protection) as
they receive. Since the beginning,
well as hearing aids and cochlear
the family has invested in the
implants. Patients are encouraged
training of their staff, including
to bring their loved ones along for
ongoing continued professional
the first appointment. Only Phonak, Swiss-made
world’s best audiological and
hearing aids can stream to all
hearing aid fitting equipment.
cell phones. Phonak is available
This combination ensure that every patient’s hearing is
SILVER DIGEST // SPRING 2019
aid rates. Ear Institutes offer a
world are not only surprised
development, as well as the
52
All Ear Institute hearing
at Ear Institutes. Visit www.earinstitute.co.za
diagnostically evaluated,
for more information or phone
the results discussed
the Ear Institute Hearing Helpline
with the patients and the
at 0861-10-20-30. •
H E A LT H
IMPROVING QUALITY OF LIFE
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53
Leisure … LEISURE
THE JAVETT ART CENTRE AT THE UNIVERSITY OF PRETORIA PHOTOGRAPHY COURTESY OF THE JAVETT FOUNDATION/ ALET PRETORIUS
T
he Javett Art Centre at the University of Pretoria (Javett-UP), which opened
on Heritage Day, provides a public showcase for the art of Africa, and includes some of our national art and heritage treasures, such as the Mapungubwe gold collection. The iconic new building stitches together the University of Pretoria’s South and Hatfield campuses with a raised pedestrian concourse that extends over Lynnwood Road by means of a bridge gallery. This gallery elevates art firmly into the public domain while celebrating ‘Tukkielaan’ as the cultural spine of the university through the culmination of this historic route in a new art square and student gallery located on the site of the
54
SILVER DIGEST // SPRING 2019
ART
original main entrance to
collections of the Javett Foundation
the university.
– the lead donor on the project –
The public component of the
and the University of Pretoria, as
project consists of the Javett-UP –
well as various temporary special
comprising a number of galleries,
exhibitions. The southern gallery
including the Mapungubwe tower
wing houses the private donor
– linked to an open museum
collections while the dynamic
square that includes a destination
bridge gallery space will exhibit
restaurant and outdoor exhibition
various travelling exhibitions,
space. The university component
as well as occasional special
includes a basement parking
student exhibitions. The centre
garage on the South campus,
also includes two generous open
as well as a student gallery and
squares: the museum square and
open art square, merging onto the
the art square. The museum square
central bridge gallery from the
is located on the southern side of
Hatfield campus.
Lynnwood Road in front of the main
The Javett-UP houses some
entrance of the gallery.
of the finest works from the
Continued …
WWW.SILVERDIGEST.CO.ZA
55
LEISURE
ART
A natural gathering zone, this space is directly accessible to the public, serving the restaurant and playing host to various public functions and events. The main public entrance is accessed from this square. The art square is located where the bridge gallery touches down on the university’s Hatfield campus and it is envisaged that this square could also play host to sculptural exhibitions and competitions. The student gallery situated adjacent to the art square has been earmarked for exhibitions of the students’ works of art, graphics and architecture.
The ever-changing shadow
The opening exhibition
The architectural forms and
patterns on the external walls
includes a collection of more than
patterns are an expression of their
and floors provide a dynamic
100 works of significant South
historical local influences. The
reminder of these nationally
African art: pieces that have been
dominant iconic structure, which
unifying patterns that serve as a
brought to Javett-UP from public
stands in front of the gallery,
reminder of our common heritage.
and private collections across
is formed as an abstract
The Javett-UP will make a valuable
South Africa – and the world. This
architectural interpretation
contribution to the university,
is the first time that all these works
of the Mapungubwe Hill.
the city, and the country
will be shown at the same time.
This solid, iconic, sculptural,
as a whole through the
They include Irma Stern’s Arab
vault-like structure is a fitting
unification of the university
Priest, Gerard Sekoto’s Song of the
setting for the Mapungubwe national treasures of the Golden Rhino, the Sceptre, and the Bovine and Feline figures, which are proudly displayed to the world as a celebration of Africa’s rich history. The patterns of the concrete sunscreen panels
and the community, the cultural enrichment and education of the city, and by providing
Pick, Johannes Phokela’s Chocolat, Alexis Preller’s Red Angel, Zanele Muholi’s Simthembile I, East London,
an international attraction
Johannes Maswanganyi’s Jesus
consisting of an uplifting
is Walking on Water, Jackson
national celebration of our rich African past. The Javett-UP opened officially
Hlungwani’s Crucifix and William Kentridge’s Felix in Exile, among others.
that provide a cooling
on Heritage Day, 24 September,
solar filter for the
with three ground-breaking
Preller’s Discovery, a formidable
building are a graphic
exhibitions: a collection of iconic
work that hasn’t been seen in
representation of
works of South African art,
30 years. The painting, which
shweshwe fabric, which
the Javett Family Collection of
was completed in the 1960s, will
has formed part of
modern art, and an exhibition
undergo live conservation in situ as
South African life since
of significant pieces from
part of the MSocSci in Tangible
1652, continuing up to
the Mapungubwe Gold collection.
Heritage Conservation at UP. •
the present day.
56
SILVER DIGEST // SPRING 2019
Also on show at the opening is
LEISURE
T H E AT R E
JOBURG BALLET’S
GISELLE A
fter an absence of three and a half years, Giselle, the most sublime of
all romantic ballets, returns to the stage of Joburg Theatre when Joburg Ballet presents a season of ten performances of the beloved classic from Friday 4 to Sunday 13 October, in association with the Johannesburg
Giselle opens at Joburg Theatre
Philharmonic Orchestra.
on Friday 4 October for ten
A heartrending story of love so
performances, ending on Sunday
powerful it reaches from beyond
dancers in other roles, including
13 October. The Johannesburg
the grave, the ballet’s exquisite
a massed corps de ballet that
Philharmonic Orchestra will
dancing lays bare a tale of passion,
appears in the ghostly second act
play for all performances, except
betrayal and forgiveness with one
to chilling effect.
Wednesday 9 October at 11:00,
of the greatest of all ballerina roles at its centre.
Giselle will be staged by Joburg
which will be to a recorded score
Ballet’s artistic director Iain
to facilitate filming of Giselle for
Joburg Ballet dancers sharing
MacDonald and ballet mistress
release on DVD. •
the title role during the season of
Lauren Slade, while Australian-
Giselle are Shannon Glover, Claudia
based SA ballet luminary, former
Monja and Monike Cristina who
prima ballerina and artistic
will be joined by French guest
director Dawn Weller, will rehearse
artist Anaïs Chalendard, who
and coach the dancers in the
made an acclaimed SA debut
leading roles.
earlier this year in Joburg Ballet’s The Sleeping Beauty. In the leading role of Albrecht,
Commenting on the return of Giselle to the stage, artistic director Iain MacDonald says, “Visits to
audiences will see Revil Yon (with
the theatre don’t get much more
Glover), Leusson Muniz (with both
magical than Joburg Ballet’s
Monja and Chalendard) and Ruan
sublime production of Giselle, and
Galdino (with Cristina).
with South Africa’s finest dancers on
In addition to the two leading
Joburg Ballet offers its usual range of affordable ticket options for Giselle, including discounts for pensioners and groups.
stage, audiences can look forward
roles of Giselle and Albrecht, the
to a theatre event of breath-taking,
ballet also provides a showcase for
unforgettable beauty.”
WWW.SILVERDIGEST.CO.ZA
57
LEISURE
OF THE
BEST
NEW BOOKS
The best fiction, non-fiction and design books this season.
1
TALKING TO STRANGERS BY MALCOLM GLADWELL Talking to Strangers is all about what happens when we encounter people we don’t know, why it often goes awry, and what it says about us. How do we make sense of the unfamiliar? Why are we so bad at judging someone, reading a face, or detecting a lie? Why do we so often fail to ‘get’ other people? Through a series of puzzles, encounters and misunderstandings, from little-known stories to infamous legal cases, Gladwell takes us on a journey through the unexpected. You will read about the spy who spent years undetected at the highest levels of the Pentagon, the man who saw through the fraudster Bernie Madoff, the suicide of the poet Sylvia Plath and the false conviction of Amanda Knox. You will discover that strangers are never simple.
ONE DAY IN BETHLEHEM BY JONNY STEINBERG
2
58
SILVER DIGEST // SPRING 2019
A bakkie full of men armed with
in which his mother, father and
AK-47s is stopped by two policemen
brother have all died. Throughout
on the outskirts of Bethlehem in the
his incarceration he fought for his
Free State. The men open fire on the
release, appearing before the TRC, and
policemen and, from that moment,
schooling himself in law. Even today,
their lives are irrevocably changed. So
he seeks a presidential pardon. It is
too for Fusi Mofokeng, a resident of
to this life that award-winning author
Bethlehem, who was not in the bakkie
Jonny Steinberg turns his attention
but happened to be the brother-in-law
in One Day In Bethlehem. In examining
of one of the perpetrators. He and his
the life and struggle of Fusi Mofokeng,
drinking buddy, Tshokolo Mokoena,
Steinberg shines a searching light
are accused of being accomplices
on the burden of the ‘everyman’ in
and are tried, sentenced and jailed.
his quest for justice. In doing so, he
Nineteen years later, in 2011, Fusi
also captures a country as it violently
is released into the world that has
sheds the skin of the past to emerge,
changed beyond recognition, a world
blinking, into the modern era.
BOOKS
HIDDEN PRETORIA
3
Despite being South Africa’s capital city, Pretoria has often played a supporting role to bold and brash Johannesburg and Cape Town’s cosmopolitan charms. However, when it comes stained-glass windows, gleaming
From the skyline-dominating
brass and impressive woodwork
Union Buildings and Voortrekker
are often hidden from view
Monument to the imposing
behind doors that are closed
edifices of its administrative
to the public. And even those
precincts, Pretoria might be
museums, buildings and places of
deserving of a second moniker:
worship that are open to all have
the city of sandstone, brick
architectural and design features
and granite. But when you look
that are easily overlooked. The
beyond the impressive façades,
history of the city, and of the
soaring columns and linear
country, has been played out in
planes of buildings that were
many of the buildings featured
intended to convey power and
in Hidden Pretoria. This book
authority, you’ll find light-filled
captures remnants of our diverse
interiors embellished with
heritage so that a new generation
decorative touches that are
might recognise the need to
only hinted at from the outside.
embrace the past in order to build
Murals, mosaics, domes, galleries,
our shared future.
Hidden Pretoria reveals the multip le identities that present and setting have evolved within it in a framework the city, bringing that looks firmly Following on Hidde its historical narrat towards the future n Cape Town and ive into the whilst acknowledg Hidden Johannesbu embody the cultur ing the legacy of al and social herita rg, the book highli the past. ge of Pretoria and ghts a selection illuminate buildi its citizens. In words of notable buildi ngs, monuments ngs that and and photograph public spaces that capital of the ZAR, s, Johan Swart and represent the develo through British Alain Proust colonialism, Afrika pment of Pretor new democracy. ia from its early ner nationalism, Hidden Pretoria days as the apartheid, and transf serves as a record well as considering at a particular point ormation into the their re-use and heart of our in the city’s histor reinterpretation that we can create y, capturing remna today, for it is only a solid foundation nts of the past as by embracing the from which to build influences of our our shared future diverse heritage . Johan Swart holds a master’s degree in architecture and history and leads heritage studies. a heritage-focused At the University design studio for university, he is of Pretoria, he teache post-graduate studen also responsible s architectural for the safeguarding ts. As curator of academic intere the architecture and interpretatio sts include the histor archives at the n of significant y of design, archiv Alain Proust has historical drawi al practice, cultur been photograph ng collections. His al landscapes and ing buildings for enables him to captu adaptive re-use. decades. In Hidde re the essence of n Pretoria, his under a building in a single to spaces that are standing of archit not open to the public frame, while his ectural space ingen , often photograph uity and resourcefuln result is tangible, ing them with just and his images will ess gained him access natural light and serve as a legacy a minimum of equip for historians, archiv ment. The ists and custodians of our heritage.
Hidden_Pretoria_CV
R_14_June_2.indd
1
I S B N 978-1-43 230-465-
9
HIDDEN
PRETORIA
JOHAN SWART ALAIN PROUST
Jacaranda City is well-endowed.
HIDDEN PRET ORIA
to architectural heritage, the
2
781432 304 652
www.penguinrand
omhouse.co.za
JOHAN SWART ALAIN PROUST
2019/06/18 11:04 AM
QUICHOTTE BY SALMAN RUSHDIE In a tour-de-force that is both an homage to an immortal work of literature and a modern masterpiece about the quest for love and family, Booker Prize-winning, internationally bestselling author Salman Rushdie has created a dazzling Don Quixote for the modern age. Inspired by the Cervantes classic, Sam DuChamp, mediocre writer of spy thrillers, creates Quichotte, a courtly, addled salesman obsessed with television, who falls in impossible love with the TV star Salman R. Together with his (imaginary) son Sancho, Quichotte sets off on a picaresque quest across America to prove worthy of her hand, gallantly braving the tragicomic perils of an age where
4
anything can happen. Meanwhile his creator, in a midlife crisis, has equally urgent challenges of his own. Just as Cervantes wrote Don Quixote to satirise the culture of his time, Rushdie takes the reader on a wild ride through a country on the verge of moral and spiritual collapse, with the kind of storytelling magic that is the hallmark of his work. The fully realised lives of DuChamp and Quichotte intertwine in a profoundly human quest for love and a wickedly entertaining portrait of an age in which fact is so often indiscernible from fiction. • WWW.SILVERDIGEST.CO.ZA
59
LEISURE
RECIPES FROM JAMIE OLIVER‘S VEG CREDITS: VEG BY JAMIE OLIVER IS PUBLISHED BY PENGUIN RANDOM HOUSE © JAMIE OLIVER ENTERPRISES LIMITED (2019 VEG). FOOD PHOTOGRAPHY: DAVID LOFTUS; PORTRAIT PHOTOGRAPHY: PAUL STUART
J
amie Oliver is back with
Sharing simple tips and tricks
brilliantly easy, healthy,
that will excite the taste buds, and
flavour-packed, accessible
help keep people’s brains and
and affordable veg recipes.
mouths engaged, this book will
A real explosion of colour,
also give people the confidence
taste and variety, he wants to get
to up their veg intake and widen
everyone switched on to just how
their recipe repertoire, safe in
tasty and comforting veggie meals
the knowledge that it’ll taste
can be, leaving people feeling
utterly delicious. From simple
full, satisfied and happy – and not
suppers and family favourites
missing meat from their plate.
to weekend dishes for sharing
Whether it’s embracing a meat-
with friends, this book is packed
free day or two each week, living a
full of phenomenal food – pure
vegetarian lifestyle, or just wanting
and simple.
to try some brilliant new flavour
“It’s all about celebrating really
combinations, this book ticks all
good, tasty food that just happens
the boxes.
to be meat-free,” says Jamie.
60
SILVER DIGEST // SPRING 2019
READER GIVEAWAY
Silver Digest has two copies of Jamie Oliver‘s VEG to give away to our readers. To stand a chance to win one, send an email to info@ silverdigest.co.za with Jamie Oliver‘s VEG in the subject line, and you could be broadening your meat-free repertoire with your own copy of Jamie Oliver‘s VEG.
RECIPES
Mushroom Stroganoff CRUNCHY CORNICHONS, FRAGRANT CAPERS, CREAMY WHISKY SAUCE & PARSLEY
• 400g mixed mushrooms • 1 red onion • 2 cloves of garlic
SERVES 2
• 4 silverskin pickled onions
20 MINUTES
• 2 cornichons • 4 sprigs of fresh flat-leaf parsley • olive oil • 1 tablespoon baby capers • 50ml whisky • smoked paprika • 80g half-fat crème fraîche Get all the prep done before you start cooking: trim the mushrooms, tearing up any larger ones and leaving any smaller ones whole, peel and finely slice the red onion and garlic, and finely slice the pickled onions and cornichons. Pick and roughly chop the parsley leaves, finely chopping the stalks. Place a large non-stick frying pan over a high heat, throw in the mushrooms and red onions, shake into one layer, then dry-fry for 5 minutes (this will bring out the nutty flavour), stirring regularly. Drizzle in 1 tablespoon of oil, then add the garlic, pickled onions, cornichons, parsley stalks and capers. After 3 minutes, pour in the whisky, tilt the pan to carefully flame, or light with a long match (watch your eyebrows!), and, once the flames subside, add ¼ of a teaspoon of paprika, the crème fraîche and parsley, then toss together. Loosen with a splash of boiling water to a saucy consistency, and season to taste with
Look out for seasonal wild mushrooms in supermarkets and local farmers’ markets – they’re absolutely extraordinary and will add so much bonus flavour to this dish
sea salt and black pepper. Divide between plates, sprinkle over a little paprika, and serve with fluffy rice.
ENERGY 251kcal
FAT 13.9g
SAT FAT 5.2g
PROTEIN 6.7g
CARBS 11.9g
SUGARS 7.9g
SALT 0.8g
FIBRE 4.3g
WWW.SILVERDIGEST.CO.ZA
61
LEISURE
Wonderful Veg Tagine SAFFRON, PRESERVED LEMONS, APRICOTS, FLUFFY COUSCOUS & TOASTED ALMONDS SERVES 6 1 HOUR
• 1 pinch of saffron • 4 cloves of garlic • 4cm piece of ginger • olive oil • 1 teaspoon ground cumin • 1/2 teaspoon ground cinnamon • 1 teaspoon ras el hanout • 1 tablespoon sun-dried tomato paste • 2.5kg mixed veg, such as aubergines, courgettes, carrots, cherry tomatoes, red onion, butternut squash, mixed-colour peppers • 1 x 400g tin of chickpeas • 100g dried apricots • 1 preserved lemon • 300g couscous • 1/2 a bunch of mixed fresh herbs, such as dill, mint, flat-leaf parsley (15g) • 20g flaked almonds
In the summer I grow most of these vegetables, and I’m always eager to pick, wash and race to cook this dish – the flavour is just extraordinary with tender, delicate veg
Put the saffron into a jug, cover with
chop and add the apricots and preserved
season with salt and pepper and pop
500ml of boiling water and leave to
lemon, discarding any pips, then season
a plate on top. Leave for 10 minutes,
infuse. Meanwhile, peel and finely slice
with sea salt and black pepper. Bring
then fluff and fork up. Pick the herb
the garlic and ginger, then place in a
to the boil, cover, reduce the heat to
leaves and toast the almonds. Serve the
large casserole pan over a medium heat
low, and simmer for 45 minutes, or until
tagine and couscous sprinkled with the
with 2 tablespoons of oil, the cumin,
tender, stirring occasionally.
almonds and herbs.
tomato paste, fry for a few minutes,
When the veg are almost tender, just
Delicious served with harissa rippled
stirring regularly, then pour over the
cover the couscous with boiling water,
yoghurt.
cinnamon and ras el hanout. Add the
saffron water. Trim and prep the veg, as necessary, then chop into large chunks, adding them to the pan as you go. Tip in the chickpeas (juices and all), roughly 62
SILVER DIGEST // SPRING 2019
ENERGY 438kcal
FAT SAT 9.6g
FAT 1.4g
PROTEIN 16.3g
CARBS 77.6g
SUGARS 27.7g
SALT 1g
FIBRE 15.8g
RECIPES
Greens Mac ’n’ Cheese LEEK, BROCCOLI & SPINACH, TOASTED ALMOND TOPPING
• 1 large leek
• 40g unsalted butter
• 3 cloves of garlic
• ½ a bunch of
sprouting or SERVES 6
• 2 tablespoons
tenderstem broccoli
• 150g mature
skimmed milk
fresh thyme (15g)
• 400g purple
• 1 litre semi-
plain flour
Cheddar cheese
• 450g dried macaroni
• 100g baby spinach
• 30g Parmesan
• 50g flaked almonds
cheese
1 HOUR Preheat the oven to 180ºC/350ºF/ gas 4. Trim, halve and wash the leek and peel the garlic, then finely slice with the broccoli stalks, reserving the florets for later. Place the sliced veg in a large casserole pan over a medium heat with the butter, then strip in the thyme leaves and cook for 15 minutes, or until softened, stirring regularly. Stir in the flour, followed slowly by the milk, then simmer for 10 minutes, or until thickened, stirring regularly. Meanwhile, cook the pasta in a large pan of boiling salted water for 5 minutes, then drain. Grate the Parmesan and most of the
To make vegetarian: swap Parmesan for vegetarian hard cheese.
Cheddar into the sauce, and mix well. Tip into a blender, add the spinach and whiz until smooth – you may need to work in batches. Season to perfection with sea salt and black pepper, then stir through the pasta and broccoli florets, loosening with a splash of milk, if needed. Transfer to a 25cm x 35cm baking dish, grate over the remaining Cheddar and scatter over the almonds. Bake for 30 minutes, or until beautifully golden and bubbling.
Swap spinach out for any kind of exciting fresh or frozen greens, discarding any tough stalks. I also sometimes add breadcrumbs to the top for bonus crunch. Tasty!
ENERGY 619kcal
FAT 25.1g
SAT FAT 12.4g
PROTEIN 29g
CARBS 75.1g
SUGARS 12g
SALT 0.9g
FIBRE 6.4g
WWW.SILVERDIGEST.CO.ZA
63
LEISURE
BASALT
Basalt chef Frederico Dias and hotel proprietor James Peech
J
oburg foodie enthusiasts got an exciting new venue this September when The
Peech Boutique Hotel opened the doors to its stylish new restaurant, Basalt, headed up by Frederico Dias, former Head Chef at The Pot Luck Club in Cape Town. Basalt is the latest step in The Peech’s evolution and journey, which saw another 14 new luxury rooms and a two-bedroom Villa added at the end of 2018. “The final part of this journey is to significantly enhance our food and beverage offering at the hotel,” says owner James Peech. “Our original guest-only dining area has been completely rebuilt, and we have added Basalt, an entirely new space and concept offering a stylish and refined dining experience for both guests and local patrons.” Dias is at the helm of both
new space,” says Dias. He brings global inspiration
with specials added as ingredients allow.
restaurants and overseeing front
to the menu, having spent time
Dias includes
of house is seasoned Maître D,
cooking in some of the world’s
several plant-based
Lyle Scott (previously Westcliff
finest restaurants, while his
dishes on the menu,
Four Seasons and Marabi Club).
Portuguese roots and current love
but ultimately the focus
Peech, Dias and Scott have worked
of Asian and Mexican flavours will
is simply on serving “really
closely together over the past
also filter through.
amazing food”. Some tantalising
few months to ensure all design,
Dias sums up his menu as
entries on the menu include
operational and front-of-house
“contemporary global cuisine”. He
salted cod brandade with lemon-
aspects have been considered.
aims to bring an authentic and real
glazed Brussels sprouts and
“I am excited to be back in
approach to food, using the best
toasted sourdough; red cabbage
Joburg and be a part of elevating
locally sourced seasonal produce
braised in harissa and red pepper
the food scene here, while
and a straight-forward selection
sauce; pan-roasted kabeljou with
creating something special in a
of entrées, mains and desserts,
cauliflower, lime and curry leaf
64
SILVER DIGEST // SPRING 2019
DINING
butter; and slow-roasted pork
heritage house overlooking the
belly ricarda negra with toasted
hotel’s main entrance.
almond mole.
“We are incredibly excited
The laidback, refined luxury
about taking this opportunity to
for which The Peech is renowned
showcase our evolved food and
extends to Basalt. With capacity
beverage offering to guests and the
for 40 patrons, the sophisticated
addition of an exceptional dining
space is warm and intimate. The
option to the local food scene,”
contemporary cool grey interior
says Peech.
is energised with plush red velvet chairs. It is situated in the original
Basalt is open for dinner five nights a week (Tues to Sat). • WWW.SILVERDIGEST.CO.ZA
65
LEISURE
DECOR
EASY GREEN WALLS W
Walls – one of Vicinity’s expert implementers – used a soilbased modular living wall system designed for flat vertical surfaces. Here he wanted to create a fresh green backdrop with unique forms and colouring, to contrast with the clean white finish of the kitchen. The modularity and extremely customisable nature of the Vicinity system allowed him to
a vertical garden purely
effectively ‘paint’ the tones using
for visual appeal – to
plants, placing them exactly as he’d
add greenery to an office space,
visualised to create the desired
hotel lobby or restaurant – or you
effect. “Because you can pre-grow
want the garden to function as a
the plants in the system offsite,
vegetables, a new green-wall system has been designed that is adaptable and modular, easy to set up
you can achieve instant coverage from day one, avoiding a grow-in period, which for some plants can take over eight
and use, and doesn’t
weeks,” he says
require extensive
of the ability to
unsustainable care.
design and plan
The systems are
the end result to
suited to both indoor
a more exacting
and outdoor use.
standard.
For residential users, the idea is accessibility, and whether you task a landscaper with setting the system up, or do
SILVER DIGEST // SPRING 2019
O’Connor from Living Green
hether you’re creating
propagating space for herbs and
66
For this project for a Johannesburg homeowner, Sean
The Vicinity system consists of a pot kit (hexagon pots, geo textile planting bags and aluminium rails). In terms
it yourself, it’s designed to be
of nuts and bolts, the modular
easy to use, and able to adapt to
tank system allows you to easily
any dimensions, no matter how
facilitate water catchment under
limited. Automated, made in part
your pots, avoiding water wastage
using recycled materials, low
and allowing seamless indoor
maintenance and modular (and
use. Lastly, the irrigation element:
therefore infinitely versatile),
the kits come in multiple sizes
Vicinity’s green walls are an ideal
depending on your needs and the
solution for urban gardening in
project’s requirements include
any size space where convenience
pumps, filters, connectors and
is crucial.
piping, where applicable. •
In plettenberg bay
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LEISURE
THE NEW RANGE ROVER
EVOQUE T
68
he original Range Rover
that make it more comfortable,
Evoque was a real game
capable and connected than its
changer. It pioneered a
predecessor, without messing too
whole new category of luxury
much with the formula that made
compact SUVs that took the world
it such a success in the first place.
by storm. It really was a winning
Looks-wise, it still has that
formula they invented, so, when
instantly recognisable coupé-like
it comes to updating the design,
silhouette, but certain features
what should Land Rover do? The
have been somewhat amplified.
answer is – whatever you do,
The shoulders, for example, are
do it subtly. So the new Range
a bit more pronounced and the
Rover Evoque is a sophisticated
wheel arches are emphasised to
evolution of the model rather than
create a certain dynamism. But in
a totally new offering, with updates
general, it’s more refined: details
SILVER DIGEST // SPRING 2019
M O TO R I N G
like flush door handles make the bodywork seem more smoothly sculpted, and Land Rover’s designers and engineers have worked hard to reduce the exterior panel gaps. Other details like the sweeping directional indicators and super-slim LED headlamps add to the overall sophistication, as does the striking black accent stretching across the rear. But from the outside, the Evoque certainly hasn’t lost its identity. Inside, the surfaces are uncluttered and the simplicity and purity of the exterior finds expression in sleek-lined minimalist design. It’s luxurious, comfortable, calm and serene in the cabin, and slightly bigger than before, even though its footprint is almost identical to its predecessor, thanks to a compact new suspension design. New incar technologies, such as the twin touchscreen system, are faster than before, too. And a bonus is the fact that software updates are wireless, which means your infotainment and vehicle systems are upgraded and improved over time without having to take it back to the shop. A great new option is the premium alternatives to leather. You can choose seats upholstered in a material developed by Danish textile experts Kvadrat – a highquality material that combines a durable wool blend paired with a Continued …
WWW.SILVERDIGEST.CO.ZA
69
LEISURE
M O TO R I N G
technical suede cloth, made from
centres the vehicle in the lane
recycled plastic bottles. Or there’s
based on road markings as well as
more refined, and the nine-speed
a new Eucalyptus textile produced
maintaining a safe distance from
automatic gearbox has been
from natural fibres that, when grown, use significantly less water than traditional
the vehicle in front, take it to the next level. And yes, it can handle offroad driving –
materials and
although there’s plenty
features alongside
of tech-enabled help
a new lightweight
in that department,
The engines are quieter and
recalibrated to ensure a smoother, more progressive drive. South African customers have a choice of a 132kW diesel and 183kW petrol engines, while a 221kW plug-in hybrid will be added to the range
performance
too. Four modes
material not derived
(Comfort, Sand,
from animals.
Grass-Gravel-
better – which is what you want
Snow and Mud
from a winning formula, isn’t it? •
The new Evoque comes with all the
performance and
when it comes to the has also evolved to become
capability, but the new Auto mode enables the car to select the most appropriate
smoother and quieter than before.
mode for you and automatically
Magic tech like Adaptive Cruise
adjust its torque delivery to suit
Control with Steering Assist, which
the terrain.
70
SILVER DIGEST // SPRING 2019
So overall, it’s the same, just
& Ruts) optimise
bells and whistles quality of the ride, which
early in 2020.
Pricing ranges from R734 300 for the five-door 2.0 D 132kW D180 to R987 900 for the fivedoor 2.0 P 183kW P250 First Edition
LEISURE
PUZZLES
PUZZLES & SOLUTIONS SUDOKU: Enter numbers into the blank spaces so that each row, column and 3x3 box contains the numbers 1 to 9.
SOLUTION TO LAST ISSUE'S CROSSWORD
SOLUTION TO LAST ISSUE'S SUDOKU
WWW.SILVERDIGEST.CO.ZA
73
LEISURE
CROSSWORD
74
SILVER DIGEST // SPRING 2019
PUZZLES
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