MoneyMarketing

Industry News

14 Jul 2021

Unrest places further pressure on already constrained healthcare services

Dr Richard Friedland, chief executive officer of Netcare, has confirmed that contingency plans were timeously implemented to ensure patients could continue to benefit from healthcare services amid violent protests in some parts of the country. However, the situation is fluid, and Netcare remains on high alert to respond promptly to possible new developments.
14 Jul 2021

Destruction of bank branches and ATMs hampers ability of workers to draw salaries

The destruction of bank branches and automatic teller machines (ATMs) in KZN and Gauteng, and threats to the safety of bank employees, directly imperils the safety, social security, economic activity, and jobs of many thousands of South Africans, the Banking Association of South Africa (BASA) says in a statement
13 Jul 2021

The Navigator – Anchor’s Strategy and Asset Allocation, 3Q21

The global environment has been favourable with accommodative monetary policy from major central banks, higher commodity prices, and positive emerging market sentiment as we rebound from the COVID-19 crisis of 2020, says Anchor Capital in its Strategy and Asset Allocation, 3Q21 Review.
13 Jul 2021

JCPS cluster ministers condemn incidents of public violence and criminality

Over the past two days the Ministers from the Justice, Crime Prevention and Security (JCPS) Cluster met to discuss the reports they have received from the Joints Operations Committee (JOCOM) of the South African Police Service (SAPS) and State Security, which reflects on the incidents of violence and looting which took place in parts of KwaZulu-Natal and Gauteng Provinces.
13 Jul 2021

BlackRock's Weekly Market Commentary: Looking through near-term volatility

Investors are contemplating very different potential outcomes beyond the economic restart – leaving markets prone to overreacting to news flow, as we witnessed just last week. We see holding on to a clear medium-term anchor as crucial. The new nominal - a more muted monetary policy response to inflation than in the past – is for us such an anchor, and supports our pro-risk stance.
13 Jul 2021

Gap cover going digital – transforming the industry

We all know that Covid caused acceleration in digital transformation across all industries, and the short-term insurance sector is no different. The need to immediately limit personal contact turned the entire industry on it’s head and forced rapid change to take place. For gap cover providers, this has presented a unique opportunity to improve the customer experience while enhancing business agility and efficiency.
13 Jul 2021

Why Treasury yields matter

We’re halfway through the year, and global investors are reassessing some of the broad views that have held for the past six or seven months. In particular, we’ve seen long bond yields falling sharply. Taking the US as an example, since it has the most important bond market, its 10-year Treasury peaked at 1.7% in March but has since pulled back to 1.3%.

13 Jul 2021

The long-term economic impact of COVID-19

Progress remains patchy as the world economy emerges from the Great Lockdown, with many countries ill prepared for the next cyclical downturn, Schroders’ economists cautioned.
12 Jul 2021

Extended lockdown: Does working from home affect your insurance?

Following the recent news of yet another extended period of lockdown restrictions amidst rising COVID-19 infections, many South Africans have opted to continue to stay safe by working from home. If you are a homeowner and find yourself in this position, whether working from home permanently or in a hybrid scenario, you may have wondered whether your homeowner’s insurance policy is impacted.
12 Jul 2021

The cost of dying - and when it needs to be paid

Although most people realise that there are costs when someone passes away, they don’t necessarily understand what these costs are, and how much they will amount to, says Sarah Love, a fiduciary practitioner at Private Client Trust, a division of Private Client Holdings.

Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za