#PlayersGivingBack - The Players' Charity
This year’s Player Charity donations are in full swing with a number of teams having already performed their activations for the year.
2017 will see players donate over R400 000 across 18 activations around the country.
See below some of the donations thus far:
Buite die Lyne Wraps Up Season 2
Popular player TV show Buite Die Lyne has wrapped production after a very successful run of 26 episodes.
Great fun was had throughout the two seasons with players displaying their cooking skills for friends and family to enjoy.
A massive thanks to all players who participated providing mouth-watering entertainment to viewers and rugby fans.
Quick facts about the show
500 000 – The total amount of viewers for season 2
Players featured in Season 2
Seabelo Senatla, Marithy Pienaar, Trevor Nyakane, Julian Redelinghuys, Kyle Brown, Elton Jantjies, Stephan Dippenaar, Jacques van Rooyen, Robbie Coetzee, Jacques Potgieter, Rudy Paige, SP Marias and Leolin Zas.
MyPlayers / The Safari Guys Player of Month Series
The Player of the Month award series is in full flow with prizes sponsored by corporate travel giants The Safari Guys.
See what the winners had to say – Each of them walk away with a weekend away trip for two at a premium destination sponsored by The Safari Guys.
MyPlayers spotted at Boktown
MyPlayers has for the second year running partnered with Good Fellas appearances at Boktowns creating greater direct engagement between players & fans in Durban, Joburg, Krugersdorp & Welkom.
Check out some of the images shared by players who attended Boktown around the country.
Kingsley Heath and Samsonite join the MyPlayers Family
Exciting new brands have been added to the MyPlayers benefits for players to access.
African Luxury brand Kingsley Heath offers players R500 off any purchase over R1000.
Get 30% off all Samsonite, American Tourister and Lipault branded luggage and travel products.
Contact Isma-eel Dollie on 084 484 4412 or email@example.com for more on the above benefits.
By Andre Vos, Portfolio Manager at Sanlam Private Wealth and former Springbok captain.
The life of a professional rugby player can be a glamorous one. You become used to crazed fans, you’re in the media spotlight, and you’re looked up to by thousands of aspiring youngsters. Compared to your peers, you may also be doing really well financially. But no matter how successful your career, it’s likely to be all over by the time you’re 35, if not before. What then? Are you ready for life after the game, especially financially?
It’s a sad but undeniable truth that 80% of professional sportspeople end up in financial straits at some point after hanging up their boots. Many professional rugby players are unprepared for the transition to ‘normal’ life and struggle to adjust to dramatically reduced earnings in the years that follow. The good news is it doesn’t have to be this way – by drawing up a basic financial game plan, you could potentially set yourself up for a good start to life after rugby.
The first step is to realise that your current elevated income isn’t going to last. Barring serious injuries, the average duration of a pro rugby career is 15 years – my own ended at age 32. If your sports schedule has prevented you from completing tertiary education, your earnings capacity will be markedly reduced once the final whistle blows. I was fortunate enough to have obtained a degree before retiring from rugby, but despite this, for the first few years afterwards I was earning less than half of what I was used to.
This is why it’s so important to make the right investment decisions when you are still earning well. By all means, invest in a big home and buy a nice car, but remember that these are ‘lazy’ assets which won’t help you much when you retire from rugby – they’re either illiquid or won’t support or supplement your income. The important thing is to spread your wealth and build up a diversified portfolio of assets – including property, investment portfolios (local and offshore) as well as retirement assets.
The Seventh Wonder
Crucially, setting funds aside for your retirement now will go a long way towards preventing financial hardship later on. Why is this so important? The answer lies in what Einstein called the most powerful force in the universe – a phenomenon known as compounding. Essentially it means that the earlier you start saving for retirement, the more your money will grow exponentially until the day you actually retire.
To illustrate this, look at the following example: If you save R1000 per month from the age of 20 to 35, stop contributing, but stay invested until you turn 65, your investment would have grown to R1 175 092 (assuming an annual growth rate of 5% after inflation). But if you start putting away R1000 per month only from the age of 35, you’ll end up with R837 129 at age 65, even if you contributed each month without fail all the way up to your retirement. Such is the power of compounding!
Remember you can make tax deductible contributions up to a maximum of R350 000 per year to a retirement fund, and the gains are also tax-free while you’re saving within the retirement product. So it’s a double whammy – your money will grow exponentially over the years, within a tax-free environment. To get you started, MyPlayers support the South African Rugby Players Pension Fund, open to all professional rugby players in South Africa, that allows you to put away 15% or more of your monthly earnings towards your retirement. The fund now has 794 players actively saving towards retirement and benefitting from this tax saving model..
Fifteen years ago, we didn’t have this kind of offering, so I kicked off my retirement savings only towards the end of my career. In hindsight, which of course always comes too late, I should have started much earlier – at the age of 42 I now realise the impact compounding would have had on my nest egg!
It may not seem like it now, but life after rugby is not that far away. It’s imperative that you start planning for the day you step away from the stadium – the sooner, the better. Save as much as you can, while you can, working towards building up a retirement fund and diversified investment portfolio to secure your financial future. The world of investments is a complex one, however, so it’s advisable to engage the services of a professional wealth manager who can advise you on suitable asset classes, providers and products. An expert wealth manager can tackle the intricacies of the investment arena for you, leaving you to focus on what’s most important right now: your game.
*Andre Vos is a former Springbok captain, boasting 24 test caps and extensive experience in Currie Cup and Super 12 rugby. He played in the 1999 World Cup, after which he took over the captaincy of the national side.
Andre is currently a Portfolio Manager at Sanlam Private Wealth.
Since the MyPlayers Mental Health Helpline (in conjunction with the North West University) was launched in May 2016, we have been able to assist 4 players on a continuous basis with psychological issues who in total attended 21 sessions thus far.
To access this FREE service, contact the MyPlayers Mental Health Helpline on 0860 995 149.
MyPlayers is committed to annually providing a number of partial and full bursaries to players who show the commitment to further their formal education. The opportunity is designed to aid players who require financial assistance in funding their intended or current studies.
Of the 37 successful bursary candidates who received funding for 2017 –
- Amount of bursary holders who passed up to date: 24 (65%)
- Beneficiaries who have postponed studies to second semester: 4
- Students still waiting on results: 4
- Students who have not committed to completing studies: 5 (1%)
For more on the MyPlayers Bursary Programme, contact Jonell van der Westhuizen on 071 470 4901 or firstname.lastname@example.org
From the Player Affairs Office
The Player Affairs office has been hard at work representing players during disciplinary hearings for on-field transgressions during the season. See below a quick summary of hearings:
- 8 successful player representations
- 80% hearings reduced from potential outcomes
- Suspension reductions ranged from 1 – 3 weeks
For more on disciplinary matters, contact Isma-eel Dollie on 084 484 4412 or email@example.com