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Industry News

24 Jun 2021

Momentum Metropolitan first SA insurer to support international TCFD

Momentum Metropolitan Holdings (MMH) announced that it has become the first South African insurance company to be recognised as a supporter of the international Task Force on Climate-related Financial Disclosures (TCFD). It joins 16 supporters in South Africa and more than 1,000 supporters globally in taking action to build a more resilient financial system through climate-related disclosure.
24 Jun 2021

Multi-asset funds can help to avoid selection risk

Selecting the wrong time and the wrong fund to invest in is something that happens daily. Industry flows and years of research show that investors habitually chase performance and are notoriously bad at timing the markets, which often has severe consequences.
24 Jun 2021

Sentiment among civil contractors sours in 2Q2021

The FNB/BER Civil Confidence Index fell to a dismal 13, from 21 in 1Q2021. While respondents were somewhat disappointed with the level of activity, the extent to which confidence declined was not entirely supported by the underlying indicators.
24 Jun 2021

2021 Q2 Absa Manufacturing Survey highlights rising confidence amongst manufacturers

The Q2 Absa Manufacturing Survey has seen a significant improvement in overall sector confidence, with business confidence rising by 21 points to 46 points during the quarter, the highest level since 2012.
24 Jun 2021

Responsible safety choices and accelerating the vaccination programme are key

“We must get the right social disciplines in place and accelerate the vaccination rollout by dropping the age limit to reduce the pressure on the hospitals,” appeals Peter Wharton-Hood, CEO of Life Healthcare.
24 Jun 2021

Releasing China from its bonds – the Chinese fixed income market opens up

What is it about the second biggest bond market in the world that means it tends to fly under the radar? It’s certainly not its size at $17.5 trillion. It may, however, be that it has historically been closed to foreign investors. But all that is changing.
23 Jun 2021

Consumer Price Index climbs 5.2% y/y in May

As we expected consumer inflation is up by 5.2% y/y in May 2021, after posting 4.4% y/y in April. Bloomberg consensus had pencilled in consumer inflation of 5.1%. The April and May prints are influenced by base effects created by historically low oil prices at the height of global lockdowns in 2020.

23 Jun 2021

Bitcoin bashers and crypto cynics are wrong, says deVere Group

Bitcoin and other cryptocurrencies have experienced a major sell-off this week following China’s crackdown on the sector, but the “crypto haters” are wrong to dismiss the digital assets, according to Nigel Green, chief executive and founder of deVere Group.

23 Jun 2021

COVID-19 job cuts hit women hardest: Old Mutual stats

Of the three million jobs lost in early lockdown – between February and April 2020 – two-thirds (2 million) were held by women. Now, over a year into the pandemic, the recently released Old Mutual Claim Statistics Report reveals that 58% of 2020 retrenchment cover claims were paid out to women, confirming that the economic...
23 Jun 2021

SA’s tech and healthcare businesses play pivotal role in driving growth

As South Africa and the world recover from COVID-19, the first requirement for a healthy economy is healthy people, which leads to a conversation about vaccines. Aspen Holdings, which is manufacturing millions of Johnson & Johnson (J&J) vaccines for SA and the rest of Africa, is determined to ensure that Africa does not fall behind in the race to vaccinate the population.

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