MoneyMarketing

Industry News

30 Jun 2021

Prioritise agriculture in COVID-19 vaccine rollout

Farmers and farmworkers, in their capacity as essential contributors to the South African economy and the wellbeing of the country’s citizens, should be prioritised when it comes to the COVID-19 vaccine. If this doesn’t happen, it may jeopardise the contribution agriculture is making in terms of job creation, the continued ensuring of food security and earning foreign exchange.
30 Jun 2021

Customer expectations increasing across the short-term insurance industry

The short-term insurance industry has managed to navigate unchartered risk territory in a year thrown into chaos by the COVID-19 pandemic. Not all players emerged the pandemic unscathed, and the industry collectively has some challenges ahead to meet changing and increasing customer expectations.
30 Jun 2021

Saving in YOUR language with #waystosave this July Savings Month

The South African Savings Institute (SASI), with support from Absa and the IDC, will again focus on financial education throughout July Savings Month, bringing together financial experts to provide tangible insights on savings through the #waystosave financial literacy education initiative. SASI CEO Gerald Mwandiambira says that in 2021, the focus is on driving awareness around how savings knowledge must be understood and accessible in more South African languages.

30 Jun 2021

Owning assets in a foreign country – is there a need for a separate Will?

More and more South Africans use their annual discretionary foreign investment allowances to invest offshore and to acquire assets in foreign countries. The question to be asked then, is whether one needs to have a separate Will for those assets.
30 Jun 2021

Empowerment Capital appoints Bongumusa Makhathini as new CEO

Empowerment Capital Investment Partners (Pty) Ltd has appointed Bongumusa Makhathini as its first chief executive officer. Makhathini is a Harvard Business School graduate and current chairman of the SABC Board. He has held several directorships, including at SA Breweries (Director of Corporate Affairs & Transformation), British American Tobacco (Director of Legal & External Affairs) and African Commercial Diplomacy Consulting (managing director).

30 Jun 2021

Who should use bond funds?

The job of an asset allocator is often agonising. In search of the holy grail, where their carefully selected combination of asset classes or funds produce superior returns with limited volatility, they must simultaneously comprehend the market’s many moving parts.
30 Jun 2021

With POPIA going live on July 1, here's why organisations should embrace privacy laws

With just a day left for South Africa’s Protection of Personal Information Act (POPIA) to take effect, most businesses are busy implementing compliance strategies. If your company hasn't yet begun the compliance process in view of increased complexities or budget gaps, the only solution is to start right away.

29 Jun 2021

The GFC and Covid-19: Comparing the two recoveries

After several decades of calm, the global economy was hit by two massive crises in the space of 12 years: the 2008 Global Financial Crisis (GFC), and Covid-19. As the world now exits the pandemic (unevenly), it is worth comparing this recovery phase with the early post-financial crisis period.

29 Jun 2021

How offshore life wrappers can reduce foreign inheritance tax

If you own assets outside of South Africa, your estate may have foreign tax liability upon your death. These foreign estate taxes, also known as inheritance tax, can be avoided by holding certain investible assets (e.g. ETFs and shares) in an offshore life wrapper or policy.
29 Jun 2021

Understanding cyclical stocks

Ongoing vaccination efforts and economic re-opening have seen the global economy well-positioned for a substantial pickup in growth for the remainder of 2021 and the year ahead. This resurgence in economic prospects has seen the share prices of cyclical stocks improve materially since the lows of 2020.

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