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Industry News

18 Mar 2021

Eskom entitled to remove Maisela: Report

After continuously serving on the board of the Eskom Pension and Provident Fund (EPPF), in various capacities since June 2004 – including two full terms as an independent trustee, chairman of various committees and one full term as Chairman of the board - Mantuka Maisela was replaced as Chairman with effect from 1 July 2020 following a recruitment process.

18 Mar 2021

Fitch: Fragile Frontier Markets Most Exposed to ‘Taper Tantrum Two’ Risk

A long tail of smaller and low-rated frontier markets is more exposed to rising US bond yields than larger mainstream emerging markets (EMs), reflecting larger external financing needs and high levels of foreign-currency government debt, Fitch Ratings says.
18 Mar 2021

FSCA issues second crypto health warning for consumers

The Financial Sector Conduct Authority (FSCA) says it has noted with concern the increasing volume of crypto assets (cryptos) related losses suffered by financial consumers in the past three months. The FSCA urges the public to be extremely cautious and vigilant when dealing with cryptos for any financial services business.
18 Mar 2021

Fitch revises world GDP forecasts up

Global growth prospects are improving as fiscal support is stepped up sharply, economies adapt to social distancing and vaccination rollout gathers momentum, says Fitch Ratings in its latest Global Economic Outlook (GEO).
17 Mar 2021

Are you the market timer or the anxious investor?

From dumping stock to panic-buying toilet paper, the Covid-19 crisis has provided the perfect example of how fear and greed tend to influence us, and challenge the logic of our decision-making process. While most of us understand the science behind long term investments, it seems that in the face of a crisis, logic goes out the window.
17 Mar 2021

Avoid investing for cyclical recovery

While Covid-19 gave markets a massive shock last year, the carpet was not pulled out from under the global economy the way it was during the 2007-2008 Global Financial Crisis – everything was just shut down. As a result, economies around the world should be able to recover a lot quicker than before.
17 Mar 2021

Investors need to start deciphering the AI opportunity

While it’s clear that artificial intelligence (AI) will reshape our future, the challenge investors face today is identifying the AI leaders of tomorrow. The right investment into the right company today could yield spectacular long-term returns, if only you know which horse to back. Without a lens into the future, investors may feel overwhelmed in...
17 Mar 2021

MSWSA invites teachers to join free online retirement workshop

We are living on average 10 years longer than our parents and 20 years longer than our grandparents. This means we should plan the future with new understanding. If you do not have enough money for a comfortable retirement, what options do you have?
16 Mar 2021

Is Hollard Namibia refusing to recognise tourism and hospitality BI claims?

Courts in the UK and South Africa, at the end of last year, confirmed the validity of COVID-19 Business Interruption insurance claims in the tourism and hospitality sector. Insurers have agreed to settle these claims and have started making payments to businesses devastated by the coronavirus pandemic. In SA, this includes Hollard – however, Hollard Namibia has allegedly not followed suite.
16 Mar 2021

Building a financial strategy for retirement

A question that’s not asked often enough is whether the way we go about retirement planning is necessarily the best way. All too often, this milestone is overshadowed by the pressure of whether we’ve saved enough to see us through our next life stage: a new stage in which our future is directly correlated to how well we’ve managed to plan in the past.

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