Money, Legacy & Family: Navigating the great wealth transfer

In this first episode of The Independence Advantage in partnership with ‪@ASIFinancialServices‬ we unpack one of the biggest shifts shaping South Africa’s families and workplaces — the Great Wealth Transfer. Over the next decade, billions of rands will move from older generations to younger earners, bringing new priorities, new risks, and new expectations around financial advice. We explore: • Why 70% of family wealth disappears by the second generation • How millennials and Gen Z think about money and legacy • Black tax, cultural obligations, and first-generation wealth-building • What five generations in one workforce means for benefit design • Why independent advice matters for long-term wealth Featuring insights from Verona Pillay, Technical Lead at ‪@ASIFinancialServices‬ , and ‪@mooshtaffa‬ Zimasa Vabaza, entrepreneur and media strategist. For more financial and business insights, listen to The Independence Advantage and The Biz Exchange on YouTube, Spotify, or your favourite platform.