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Industry News

10 May 2021

Handle your retirement savings with care

2020 was the year of the retrenchment and unfortunately, 2021 may not fare much better as the world continues to fight the effects of Covid-19. The latest Statistics SA Quarterly Labour Survey found that the number of unemployed persons increased by 701 000 to 7.2 million in the fourth quarter of 2020.
10 May 2021

Cryptocurrencies: Are you aware of the tax implications?

Along with the rest of the world, South Africans have shown an appetite for cryptocurrencies. While the size of the market remains unclear, Coinmarketcap gives a figure of $210 billion for the global market, and approximately R6.5 billion for the South African market.
10 May 2021

Consumers less financially vulnerable due to improved incomes during Q1 2021

The state of South African consumers’ personal finances continued to improve during the first quarter of 2021 (Q1 2021) on the back of a recovery in the income of especially middle- and higher income groups.

07 May 2021

OPINION: Prepare to meet your boom

In the wake of the December 2001 rand collapse crisis, few economists at the time predicted that South Africa would within a year have a rand valued at less than R10/US$1 or that we would shortly achieve the best per capita GDP growth rates ever.
05 May 2021

Prospects of further rating downgrades for SA remain high

Moody’s Investor Services (Ba2, negative outlook) and S&P Global Ratings (BB-, stable outlook) will release their South Africa rating reviews on 7 May and 21 May, respectively. Fitch Ratings (BB-, negative outlook) does not provide its release dates as its analyst is based outside the European Union, but its review is due at about the same time.
05 May 2021

Certainty of retirement income in an uncertain world

The main challenge at retirement is to convert savings into a stream of reliable income that will last a lifetime. People who retire have to consider an income level that will cover their immediate income needs, maintain their current standard of living and that will also last for as long as they live.
05 May 2021

Rapidly rising food chain costs raise inflation worries

Rapidly rising agricultural producer price inflation, as reflected in last week’s PPI (Producer Price Inflation) for March, poses a conundrum for food manufacturers about whether to absorb these cost increases or try and pass them on to financially constrained consumers, fanning inflation worries.

05 May 2021

Covid-19 vaccines - who's making money?

The distribution of Covid-19 vaccines is picking up pace globally. US President Joe Biden last month set a new target of 200 million vaccination doses to be delivered in his first 100 days in office. The original target of 100 million was achieved before his sixtieth day in office.
05 May 2021

Taking the pulse for Q2: Rotation rolls on

We see the path out of the Covid-19 shock as a ‘restart’, not a typical business cycle ‘recovery’, and expect stronger growth and negative real yields ahead as the vaccine-led restart accelerates and central banks limit the rise of nominal yields –even as inflation expectations climb.

04 May 2021

The European bond market is modernising

The European bond market is modernising at a rapid pace – and fixed income exchange-traded funds (ETFs) have become the vehicle of choice for this modernisation, says Brett Olson, Managing Director, Head of FI iShares EMEA at BlackRock. This reflects their liquidity, transparency and increasing versatility.

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