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Industry News

03 Mar 2021

Are warning lights flickering for SA’s wealthy taxpayers?

A key takeaway from the Budget was the staggering R213 billion under-collection of tax in 2021 compared to 2020, says Tim Mertens, chairman of Sovereign Trust SA. “This is the largest collection shortfall on record, and comes against a backdrop of a debt burden of R5.2 trillion by 2023/2024.”
03 Mar 2021

Meet Isabel Botha: Enjoying financial freedom and financial security

Many individuals today choose to work as freelancers and this sector is predicted to grow, considering the biggest driver of change in the employment landscape is flexible working arrangements. This trend is being accelerated by advancing technology and a changing worker focus for autonomy.
03 Mar 2021

Rethinking risk

Market participants all want the same thing: the best possible return at the lowest level of risk. How you go about securing that, however, is often a source of disagreement. While you might think investment is a black-and-white affair, the assumptions that you use to underpin your calculations can have a decided influence on your decision to invest – or not.
02 Mar 2021

'2021 could mark SA's economic comeback year'

2021 could see a turnaround in South Africa’s market and macro-economic prospects, despite the continuing challenges it faces from low growth and the global pandemic. This was the message at Old Mutual Investment Group’s quarterly investment briefing, where presenters shared their views on an improving local economic landscape, driven by the confidence boost of an unexpectedly positive Budget and South African corporate resilience in the face of significant economic challenges.
02 Mar 2021

Glacier by Sanlam appoints Gudani Mukatuni as CIO

Gudani Mukatuni has been appointed Chief Information Officer at Glacier by Sanlam with effect from 1 March 2021. Gudani has over 16 years of working experience and prior to joining Glacier, she acquired her IT leadership and transformation experience working for organisations such as WesBank as their CIO; AIG Middle East & Africa Region as their Head of IT for Africa and Nedbank Financial Planning / Wealth Management as the Head of IT.

02 Mar 2021

Budget 2021 - Poor revenues put high earners at risk

On 24 February, Finance Minister Tito Mboweni delivered South Africa’s 2021 National Budget speech. An upbeat Mboweni announced several tax measures, some providing relief for earners and others increasing the burden on consumers.
02 Mar 2021

Platform to facilitate engagement between investors and SA listed companies launched

Financial technology business, Iress, has partnered with Australian investment information service, Listcorp, to launch a new digital platform where listed South African companies can meet with investors.
01 Mar 2021

BlackRock: Climate transition - a driver of returns

We are incorporating the effects of climate change – and of the climate transition – in our return assumptions, as we believe avoiding climate-related damages will help drive growth and improve returns for risk assets. We see climate-resilient sectors as potential beneficiaries of a “green” transition and are strategically overweight DM equities as they are skewed toward these sectors.
01 Mar 2021

On balance, things are looking good, says Old Mutual Wealth

February may be the shortest month of the year, but it’s not short on events. The clouds are starting to part, with almost 200 million people worldwide now vaccinated against the coronavirus, including 67 000 South Africans.

01 Mar 2021

Morningstar announces 2021 South Africa Fund Award finalists

Independent investment research company Morningstar Research (Pty) Limited, a subsidiary of Morningstar, Inc. (NASDAQ: MORN) has named the finalists of its 2021 South Africa Fund Awards.

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