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Industry News

21 Jun 2021

Demerit points and your short-term insurance

For most drivers, there can be nothing more annoying than a reckless driver that dangerously cuts in front of them, or drives facing oncoming traffic - or takes a gap down the emergency lane during peak hour traffic. This is the reality for drivers in South Africa’s towns and cities, but that may be a thing of the past should authorities properly enforce the upcoming demerit system.Insurance
21 Jun 2021

Why advisers should focus on niche markets

Financial advisers who successfully target niche audiences not only have the potential to expand their profits as they service a smaller client base, but their practices are often also better protected when it comes to weathering unexpected storms.
21 Jun 2021

After Eskom & SAA, RMB CEO urges government to grasp nettle of further reforms

RMB CEO James Formby has commended government for finally taking the steps needed to tackle persistent power outages - but noted that it was an opportune time to capitalise on the move by taking further action on South Africa’s biggest economic challenges.

21 Jun 2021

Information Regulator extends commencement date for POPIA prior authorisation

The Information Regulator has extended the commencement date of the POPIA provision that requires organisations to obtain prior authorisation if they process certain categories of personal information. The commencement date of that provision is now 1 February 2022.
18 Jun 2021

The US Fed rates announcement and its implications for various asset classes

The US Federal Reserve (Fed) concluded its June two-day meeting on Wednesday (16 June) and the Federal Open Market Committee (FOMC) kept the benchmark rate at c. zero as was broadly expected. Similarly, the Fed’s 2021 inflation forecasts crept a little higher (in line with expectations), albeit not meaningfully so.

18 Jun 2021

The art of an investment strategy

Covid-19 has undoubtedly made it difficult for any investor not to question their investment strategy, says Sonja Saunderson, Chief Investment Officer at Momentum Investments. “And yet, 2020 has again proven just how difficult it is for investors to stick to their strategy,” she adds.
18 Jun 2021

Women – leave a legacy your loved ones deserve

As a result of the pandemic, women are more financially exposed than ever. The latest Momentum | UNISA Household Financial Wellness Insights says that women, who make up 51.1% of the South African population, were hardest hit by the lockdown. Just over a million either lost their jobs or were prevented from working.
18 Jun 2021

The value of a healthcare adviser

Navigating the vast number of schemes available and sifting through all their options to find the best fit for you and your family is almost an impossible and time-consuming task. When looking for medical aid cover we often find ourselves overwhelmed by complexity in the range of schemes and plan options, medical jargon, fine print on medicine lists, designated service providers and possible exclusions.
18 Jun 2021

Schroders substantially upgrades its growth forecasts for 2021

The world economy is set for its fastest year of growth in the 21st century this year, according to our latest forecasts. Schroders economists now think global GDP is set to expand by 5.9% in 2021, having upgraded our previous forecast of 5.3%.
17 Jun 2021

How will the SA economy stand a third wave?

Current projections of the South African Reserve Bank are that the South African economy will get back to pre-Covid levels by 2022. However, as we enter the third wave of infections and parts of the economy are forced to limit activity, this projection might be considered optimistic.

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