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Industry News

17 Jun 2021

Better-than-expected GDP most welcome

For a country always in need of cheering up, last week’s news of better-than-expected economic growth was most welcome. StatsSA data showed that the economy grew by 4.6% after inflation in the first quarter on a seasonally adjusted and annualised basis.

17 Jun 2021

Property investment firm provides a waiting room for Section 2J opportunities

Cape-based investment property specialists, Flyt Property Investment, have made investment into hospitality property accessible for future projects via their Section 12J finance-facility fund, the Flyt Partnership 2022 fund. Subscription to the fund will provide investors access to the Section 12J tax-break before the 30 June cut-off, and allow them to park the funds while they wait for new projects to come on board.
17 Jun 2021

How to teach children basic principles of money, saving, and investing

As parents, our greatest hope is to raise happy, well-adjusted children who will be able to handle life’s challenges with confidence and competence. No matter what their ambitions are, one thing is certain for every child: at some point, they will need to take responsibility for handling their own finances.

17 Jun 2021

FOMO and peer pressure: the challenges of building wealth in an unstable world

It’s been a roller-coaster year and a half since the Sars-Cov-2 virus, which causes Covid-19, was first identified in Wuhan, China, in December 2019. Since then our lives have changed dramatically. Masks, social distancing, zoom classes and sanitising have become the norm, and while vaccines may help to bring some normalisation, post-pandemic life is sure to look different to the pre-pandemic normal.
16 Jun 2021

Active investment managers more likely to outperform at the next market inflection point

While popular wisdom holds that passive investment strategies will always be better than an active strategy, this will not always be the case, particularly at market inflection points like the one that potentially lies ahead.
16 Jun 2021

Hollard calls for more collaboration to reduce youth unemployment

Insurance company Hollard has called on the private and public sectors to work in concert to develop and implement more skills development and employment creation initiatives to proactively address the need for more work opportunities for South African youth.
15 Jun 2021

FSCA comments on Covid-19 vaccines and life insurance policies

It has been brought to the attention of the Financial Sector Conduct Authority (FSCA) that there are inaccurate reports, particularly on social media platforms, which indicate that getting the Covid-19 vaccine will render life insurance policies “null-and-void” because the vaccines are regarded as “experimental medicine”. 
15 Jun 2021

How shared value can solve retirement problems

South Africa’s retirement savings industry has failed to solve the problem that motivates for its existence. According to National Treasury, only 6% of South Africans have enough savings for retirement.
15 Jun 2021

BlackRock's Weekly Market Commentary: What lies beyond the restart?

The global economy and markets are at the most consequential moment since our outlook forums started a decade ago. The bounce back from the Covid shock has been remarkably swift, reflecting our view that this is a restart, not a usual business cycle recovery.

15 Jun 2021

atHOME is where the heart is

As COVID continues to impact our lives, it’s important to remind ourselves that there have been some silver linings to the pandemic. We’re all spending less time in traffic for starters. And it’s opened our eyes to the benefits of embracing technology. Not least: increased efficiency, reduced costs and access to a wider pool of clients.

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