MoneyMarketing

Industry News

23 Apr 2021

FSCA warns the public against individuals impersonating Alexander Forbes

The Financial Sector Conduct Authority (FSCA) is warning the public to be cautious and vigilant against individuals impersonating Alexander Forbes Financial Services (PTY) Ltd (Alexander Forbes), an authorised financial services provider, FSP number 1177.

23 Apr 2021

Social Bond issuance to hit R4bn in SA within the year

The market for bonds issued to meet environmental and social outcomes is expected to grow exponentially in South Africa within the next year. Social Bonds are expected to feature prominently, as the country looks to “build back better” post Covid-19.

23 Apr 2021

SARS keeps tabs on SA’s brain drain

South Africa has experienced a large brain drain over the past few years with many skilled South Africans emigrating. However leaving South Africa doesn’t mean you can forget your relationship with SARS. “No matter where you decide to live, you are still obligated to declare your worldwide income every year to SARS and pay tax on it for so long as you have not formalised your non-tax residency with them,” says Reabetswe Moloi.
23 Apr 2021

AfCFTA offers economic opportunities for Africa, but still much work to be done

The Africa Continental Free Trade Area (AfCFTA) agreement came into effect on the 1st of January 2021. A total of 54 of Africa’s 55 countries have agreed, in principle, to participate in the agreement, and 41 have submitted their tariff offers.

23 Apr 2021

Balancing risk and opportunity through better decisions

Cyber risk runs deep. Now more than ever, global business leaders are finding themselves under increasing pressure. Revenues are down, budgets are constrained, and the continuous rush to transform has organisations playing catch-up in the cyber security game.
23 Apr 2021

Balancing sustainability with profitability: ESG and Securities Lending

Environmental, social and governance (ESG) issues are fast-emerging as important priorities for institutional investors. Research published in November 2020 covering 600 investors in 6 key markets reveals that 87% already actively invest in companies that have reduced their near-term return on capital (such as reduced dividends, share buybacks etc.) in order to reallocate capital to ESG initiatives.
23 Apr 2021

Momentum Metropolitan delivers on empowerment promise

Momentum Metropolitan Holdings has delivered on its proposed Employee Ownership Share Plan (ESOP) empowering over 13,000 employees from an allocation of over 44.9 million shares. This follows the shareholder approval as announced in November 2020. The inclusive employee share ownership plan benefits all permanent, South-African based employees and although weighted in favour of Black employees, (including African, Coloured and Indian (ACI) as defined in the B-BBEE Codes), it includes all race groups.
22 Apr 2021

Covid-19 investor behaviour: Was 2020 that different after all?

If your investment goals haven’t changed, your investment strategy to achieve those goals shouldn’t be changing either. When faced with a market crisis or the equally dangerous, unicorn promising returns into the stratosphere, just remember the four most dangerous words: This time it’s different. Because it’s probably not.
22 Apr 2021

Nedbank signals its ambition to lead the future economy

Nedbank is accelerating its efforts to finance renewable energy solutions to support socioeconomic development and build resilience to climate change. Today, on Earth Day, the bank announced the adoption of an energy policy designed to redirect investment funds towards cleaner energy alternatives.
22 Apr 2021

How To Light Your Bathroom

Your bathroom is one of the most functional spaces in your home so ensuring that it has the right type of lighting is essential. Good lighting in the bathroom is not only functional though – well-considered lighting can take your bathroom’s overall aesthetic from drab to fab with the flick of a switch. Here are...

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