MoneyMarketing

Industry News

26 Mar 2024

The future of South African wealth 

For affluent South Africans, the ability to create new wealth will come under pressure in 2024, which is why wealth managers are prioritising the long-term preservation of existing wealth to mitigate short-term volatility. Some of the experts at Citadel weigh in. Looking at wealth trends for high-net-worth individuals (HNWIs), Citadel Director and Regional Head John Kennedy says...
26 Mar 2024

The magnificent middle

By: John Christy, Orbis Investment Counsellors A mere seven stocks have accounted for nearly all the gains in global equity markets in 2023. Strip out the so-called ‘Magnificent Seven’ – Alphabet, Amazon, Apple, Meta, Microsoft, NVIDIA and Tesla – and the rest of the US stock market has been slightly negative. This is a common...
26 Mar 2024

2024 Salary Guide for the Finance sector

Pnet’s Job Market Trends Report provides data-driven insights into recruitment and employment trends in the local market. Developed to give local businesses a comprehensive summary of the trends shaping the local recruitment market, the report also unpacks specific sector insights – from both an employer and candidate perspective. In its Job Market Trends report (Q4:2023),...
14 Mar 2024

International retirement plans and pensions: A great way to hold offshore assets

By: Leah Mannie, Pensions and Business Development Manager, Sovereign Group Investing offshore has shifted and transformed over the years, presenting opportunities to assist individuals with their offshore objectives. South Africans are increasingly looking for secure and efficient investment structures, for various reasons, as well as for methods to preserve their wealth. The reasons for offshore...
14 Mar 2024

2024 outlook for the listed property sector

By: Liliane Barnard, Metope Investment Managers CEO & Portfolio Manager 2023 can be viewed as two distinct periods. The first 10 months of the year were marked by the continued steep rate hiking cycle around the world, including SA. Economic indicators, including employment and retail sales, remained surprisingly strong in the face of rising rates,...
13 Mar 2024

An innovative collaboration leads to an ethical new fund

A dynamic partnership between Old Mutual Wealth and the Gift of the Givers Foundation has ushered in an innovative era of impact investing with the introduction of the Old Mutual Gift of the Givers Life Fund. The fund is designed to advance real change and meaningful impact in South Africa whilst adhering to ethical investing...
11 Mar 2024

The fundamental duty of the fiduciary practitioner

By: Dr Eben Nel, National Chairperson, The Fiduciary Institute of Southern Africa Not all advisory relationships require the same level of trust. Although many service providers, including financial advisors, are expected by their clients to fulfil their duties with honesty, diligence and fairness, the benchmark set for the fiduciary practitioner is higher than just that....
11 Mar 2024

Budget 2024: Opportunities for financial planning and advice

By: Francois du Toit, CFP®, PROpulsion The Budget for 2024/25 was a sobering reflection of the economic challenges facing South Africa. It aimed to balance fiscal consolidation, debt reduction, revenue mobilisation and social spending, while also addressing some of the long-standing structural issues in the financial sector. Budget overview There’s no broad relief for taxpayers...
11 Mar 2024

Change your TFSA investment cycle to March

By: Mike Titley, Business Development and Marketing at Laurium Capital There are two certainties in life: death and taxes. The South African government has given you a pass on one of these, and it is not death. History shows, by proactively investing in a Tax-Free Savings Account on 1 March each year, instead of waiting...
08 Mar 2024

Making alternatives more accessible

By: Sandy Welch, Acting Editor, MoneyMarketing Westbrooke Alternative Asset Management is on a mission – to provide access to the global world of alternative investment funds to South African clients. These investors may not all live in South Africa any longer, but they are connected to the country in some way. “We’re focused on what...

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