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Industry News

24 Feb 2021

Autocall gives access to the world’s top value stocks

As many as 60% of investors are actively looking to change their investment approach in response to how markets have recalibrated to the Covid-19 pandemic.

24 Feb 2021

Bitcoin: How to channel your fear of missing out

As the price of Bitcoin breached US$50 000 (around R740 000) in the past week, the fear of missing out once again hit all-time highs for many investors. According to South African actuary, Imran Lorgat, a sure way of telling that you are about to make an investment mistake is when you are being spurred on by a strong fear of missing out.
23 Feb 2021

Minister Mkhize: Procurement of vaccines has been a complex process

South Africa had by 6pm yesterday vaccinated 23 059 health care workers, Minister of Health, Dr Zweli Mkhize told Parliament today. "Beyond that cut off time, we vaccinated over 8 000 health care workers in yesterday’s working hours - we are on course to complete the first 40 000 by Wednesday and the provinces have committed to the target of 80 000 vaccines completed two weeks from the date of arrival," he added.
23 Feb 2021

Tesla’s Bitcoin purchase will motivate for cryptocurrency regulation

Cryptocurrencies operate in a decentralised manner, independent of governments and regulatory bodies; while regulating them misses their intention entirely it may prove to legitimise them as formal payment options and drive their mainstream adoption, writes Sean Sanders, CEO and founder Revix.
23 Feb 2021

Budget 2021: Will Section12J be extended?

Tito Mboweni will present the government’s 2021 budget on 24 February and investors and role-players in the Section 12J sector will be waiting with bated breath to hear if the tax incentive receives a well-deserved extension.
23 Feb 2021

Stock picks: From growth to value

Renewed interest in emerging market investments and the move from growth to value are reflected in Amplify fund manager Omri Thomas's stock picks.
23 Feb 2021

Budget 2021: Revenue and issuance optimism clouded by sustainability concerns

The better-than-expected performance in YTD tax collection suggests that revenue could be about R100bn higher in FY20/21 relative to the NT’s MTBPS estimate. This improvement bodes well for the revenue outlook over the MTEF.
23 Feb 2021

BlackRock: Downgrading government bonds

We broaden our tactical pro-risk stance in light of major developments since the publication of our 2021 outlook in December: the vaccine rollout and up to $2.8 trillion of additional U.S. fiscal spending this year. Inflation expectations have risen sharply while real rates are steady in negative territory.
23 Feb 2021

A wealth tax would be 'dangerously unsustainable'

Last week saw the arrival of the first Covid-19 vaccines on our shores. They are the first batch of a total of 500,000 that are being provided by Johnson & Johnson (J&J) to South Africa free of charge.
23 Feb 2021

Balanced fund investing: Finding return opportunities in a new normal world

2020 proved to be a rewarding year for investors in well-diversified South African balanced solutions. Large volatile price movements, driven by the pandemic, across several asset classes, presented return opportunities for active balanced managers.

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