IS YOUR ESTATE IN ORDER?
The Covid-19 pandemic has been part of our lives for well over a year now and, despite staunch efforts in many countries (South Africa is not among them) to vaccinate as many citizens as possible as quickly as possible, it seems there is still no end in sight, with horrific surges in Brazil and India, among other regions. As I write, the equity markets are frothing at mind-boggling valuations, which makes me very nervous. The markets could come to Earth suddenly with an extremely hard bump if it dawns on investors that, no, we’re not going to turn the corner very soon. In fact, if a far nastier variant of this disease evolves, which causes serious disease and death in younger people and proves resistant to the current round of vaccines, a scenario I believe is highly probable, we could be much worse off than we were when people first started dying on the streets of Wuhan.
