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Industry News

15 Mar 2021

Schroders recognised for exceptional offshore equity fund

Schroders offshore equity fund scoops Morningstar award as SA local equity market stumbles. Global asset manager Schroders has today been named winner of the best global large-cap blend equity fund in South Africa at the 2021 Morningstar Awards, for their Schroder ISF Global Equity fund by independent investment research and ratings agency Morningstar. This latest...
15 Mar 2021

Eskom remains focused on recovering its operational performance

Eskom is making notable progress in the recovery of its operational performance, with the implementation of the Generation Recovery Programme (9-Point Plan) and reliability maintenance recovery (RMR) programme beginning to yield the desired outcome.

15 Mar 2021

Morningstar Announces 2021 South Africa Fund Award Winners

Independent investment research company Morningstar Research South Africa (Pty) Limited (Morningstar South Africa), a subsidiary of Morningstar, Inc. (NASDAQ: MORN) has named the winners of its 2021 South Africa Fund Awards. ABSA won two awards – for the Best Bond Fund as well as Best Cautious Allocation Fund.
15 Mar 2021

Bitcoin price hits new record high, fuels fresh demands for regulation

As Bitcoin hits all-time price highs, regulation must now become a major priority for financial watchdogs, affirms Nigel Green, chief executive and founder of deVere Group. His comments comes as the price of Bitcoin hit a new record high, surging past $61,000 on the deVere Crypto exchange on Sunday for the first time.
15 Mar 2021

Building confidence largely unchanged

The FNB/BER Building Confidence Index, after rising to 29 in 4Q2020, shed two points to register a level of 27 in 1Q2021. The current level of the index means that more than 70% of respondents are dissatisfied with prevailing business conditions.
15 Mar 2021

PROpulsion Pro to launch this week

PROpulsion Learning, in collaboration with NextGen Planners from the UK, is launching PROpulsion Pro, a first for the South African financial advice industry and profession.

15 Mar 2021

How SA is emerging from the Covid-19 hole

By: Izak Odendaal and Dave Mohr, Old Mutual Wealth Investment Strategists South Africa’s economy continues to climb out of the Covid-19 hole. Economic growth in the fourth quarter of 2020 was ahead of the expectations of most economists, and the 2020 contraction of 7%, though the worst on record, was not as bad as initially...
14 Mar 2021

PPS falls victim to a malicious cyber-attack

PPS’s security experts have confirmed that the company has fallen victim to a malicious cyber-attack. An independent forensic investigation into system disruptions since 9 March 2021 currently shows no evidence that any data has been compromised.
12 Mar 2021

SARS rolls out smart collection system

As the SARS collection process becomes more technologically advanced, tax practitioners must advise clients to avoid tax evasion and remain compliant.
12 Mar 2021

Barak remains ‘fully operational and focussed on restructuring’

Barak Fund Management Limited - a Mauritius registered entity that is the investment manager of Barak Funds SPC Limited – says that it notes recent media speculation regarding the liquidity of the Company, and wishes to clarify some key points in this regard.

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