MoneyMarketing

Industry News

19 Apr 2021

Offering clients options to cope with volatility

Anyone who has been in the trenches of investing long enough will tell you that frightening market slumps are inevitable, as is long-term growth. One real hedge against these savings potholes are insurance-based investment strategies that provide a guarantee against excess downside volatility, protecting clients against the dips, but allowing them to fully benefit from market gains.
19 Apr 2021

Agricultural sector soars out of bad times

South Africa’s agricultural sector was the only shining star in the economy in 2020, escaping the effects of the Covid-19 pandemic relatively unscathed, with the exception of some industries e.g. wine, hunting and tobacco.
18 Apr 2021

A terrifying account of the Cape Town fire

The out-of-control fire that devastated Rhodes Memorial, parts of Table Mountain and the University of Cape Town, hit very close to home when Old Mutual Insure’s communication manager got caught in it on Sunday morning. As the story unfolds and the fire continues to rage on, below she shares what she wishes she knew at the time, which can help others get out of trouble quickly if caught in a fire.

17 Apr 2021

Dogecoin is the new GameStop – Are investors going to get burned?

Dogecoin has become the new GameStop, with frenzied trading potentially going to deliver a bloody nose to novice investors, warns Nigel Green, the chief executive and founder of deVere Group. The warning comes as the market capitalisation of Dogecoin hit almost $45 billion on Friday, and its price has risen by 400% in the last seven days.
16 Apr 2021

It’s a good time to invest in property

Nobody can deny the devastating impact that COVID-19 has and will continue to have on the global economy. Our personal finances are threatened from all ends, as the lockdown has left millions of South Africans desperately seeking additional sources of income.
16 Apr 2021

'Global markets near record peaks and will get stronger'

As the FTSE 100 hits 7,000 points for the first time since the Covid pandemic, global stock markets are poised to “get even stronger”, says Nigel Green, the chief executive and founder of deVere Group. His observation comes as London’s index jumped over the important threshold in early trading in London, gaining over 0.5% to 7024 points.
16 Apr 2021

Data breach financial implications of POPIA

Evolving cyber risks and the Protection of Personal Information Act (POPIA) has created a greater awareness of the financial impact of cyber risks, considering the fact that maximum penalties under POPIA are a R10 million fine or imprisonment for a period not exceeding 10 years or both[1]. It emphasises the need for organisations to increase their understanding of cyber insurance.
16 Apr 2021

Fixed income investors should look before they leap

Recently, fixed income investors have been roiling from the news that one of South Africa’s largest money market funds will be closing its doors to investors. As a result, many fixed income investors are now forced to explore alternative investment options at short notice.

15 Apr 2021

FSCA issues an investigation update on transactions in Huge Group securities

On 15 March 2021 the Financial Sector Conduct Authority (FSCA) confirmed that it had registered an investigation regarding transactions in Huge Group Limited securities, with a specific focus on transactions concluded during the period from 1 December 2020 to 28 February 2021.

15 Apr 2021

Here’s why eSignatures are here to stay

Not all that long ago, signing contracts and other legally binding documents either required the parties involved to meet in person or to coordinate with a series of couriers. Over the years, eSignatures have evolved as a way around that, allowing people to virtually sign documents from the convenience of their smartphone, tablet, or computer.

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