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Industry News

11 Mar 2021

It’s been a year since the Covid-19 sell-off. Where are we now?

By Adriaan Pask, CIO, PSG Wealth It’s been over a year since the Covid-19 panic sparked the fastest market sell-off in history. Around this time last year, investors did not yet know that the quickest sell-off on record was soon to be followed by a new record for the quickest recovery too. A year later,...
11 Mar 2021

Weak demand for loans from Covid-19 Loan Guarantee Scheme

As of 27 February 2021, R18,01 billion in loans had been approved by banks and taken up by small businesses under the Covid-19 Loan Guarantee Scheme, the Banking Association of South Africa (BASA) said today.

11 Mar 2021

Goldman Sachs SA makes key appointment

Bivash Gunpath has been named deputy CEO at Goldman Sachs International Bank Johannesburg, pending regulatory approval. This was announced in an internal memo to staff by Jonathan Penkin, CEO, Goldman Sachs SA, earlier this week.
11 Mar 2021

SARB asks for comment on local card scheme for SA

The South African Reserve Bank (SARB) has published a consultation paper titled ‘Consultation paper on the feasibility of establishing a domestic card scheme in South Africa’. The consultation paper seeks to gather input on the feasibility of establishing a domestic card scheme.

11 Mar 2021

JSE tops G20 developing countries for gender balance on boards

The Johannesburg Stock Exchange (JSE) has the best gender balance on boards of any developing country in the G20, according to a report released on International Women’s Day.
10 Mar 2021

Research shows institutional investors plan to increase Bitcoin exposure

A survey1 of institutional investors and wealth managers who already engage with Bitcoin reveals that 85% plan to increase their investment in the cryptocurrency over the next two years.

10 Mar 2021

Advice for small financial advisers: Scale to rebound in 2021

The Covid-19 pandemic has hurt small or owner-led financial advisory practices that are finding it harder to survive. One of the significant effects of the lockdowns has been the economic impact on clients and the inability of financial advisors to engage in person, limiting their ability to grow their books.
10 Mar 2021

It’s been a year since the Covid-19 sell-off. Where are we now?

It’s been over a year since the Covid-19 panic sparked the fastest market sell-off in history. This time last year, investors did not yet know that the quickest sell-off on record was soon to be followed by a new record for the quickest recovery too.

10 Mar 2021

'I am here to sell you a policy'

I have been fortunate enough to have a career spanning more than two decades in the financial services industry in various roles in amazing businesses in our industry.
10 Mar 2021

GDP: Another recession unlikely for now

The GDP print for the fourth quarter of 2020 has come in better than expected, seeing markets respond positively in terms of rand strength and bond yields. Year-on-year GDP fell by 4.1% compared to the expected 4.6% decline, while on a quarter-on-quarter, annualised basis we saw a very strong 6.3% versus an expected 5.6%.

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