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Industry News

17 Feb 2021

New tax rules regarding the annuitisation of provident funds

Retirement funds and their administrators are in for a busy time in the next few months. This is because the new tax rules regarding the annuitisation of provident funds will be coming into effect on 1 March 2021. The rules attempt to address the problem of retirees spending their retirement fund lump sums too quickly and the resulting risk of their outliving their retirement savings.
17 Feb 2021

COVID-19: Preparing your business for the next wave

We are now almost a full year into the worst pandemic of the century, and with cases in South Africa continually on the rise, it is fair to say that Covid-19 is far from over. Many businesses have reopened in some form, while others continue to operate almost entirely remotely.
17 Feb 2021

Collaboration vital as pandemic spurs increase in liability claims

The only constant in the world of insurance is that the risk landscape is continuously evolving, and the events of 2020 have served as a stark reminder of this. The third Annual SHA Specialist Risk Review 2020 highlights some of the major shifts in the industry over the year.
17 Feb 2021

Three habits of highly effective ETF investors

The evolution of exchange-traded funds (ETFs) has made it possible for retail investors to construct cost-effective investment portfolios that could not have been imagined a decade ago. These financial instruments enable individual investors to achieve diversified exposure across asset classes and geographies while allowing asset managers to quickly create and deploy solutions that accommodate the prevailing 'big picture' trends.
17 Feb 2021

BlackRock: Fiscal boost is not a market risk – yet

The prospect of another large U.S. fiscal package has fed debates about potential economic overheating. We believe central banks for now have strong incentives to lean against any rapid rise in nominal yields even as inflation rises, supporting our tactically pro-risk stance.

16 Feb 2021

Eskom to hike tariffs

Eskom notes and respects the order made today by the North Gauteng High Court. This order will result in an average price increase of approximately 15% in the electricity tariff for standard tariff customers starting on 1 April 2021. This court decision allows Eskom to recover efficiently incurred costs for the production of electricity.

16 Feb 2021

Free vacination model advances the ideals of Universal Health Coverage: Mkhize

Government is enthusiastic about the free vacination model because it advances the ideals of Universal Health Coverage, and will provide an opportunity to learn as SA prepares for the implementation of the National Health Insurance. This is according to Minister of Health, Dr Zwelini Mkhize, who addressed parliament today during the debate on the State of the Nation Address (SONA).
16 Feb 2021

Transition management services partnership announced

Standard Bank has signed a memorandum of understanding (MoU) with Chicago-headquartered financial services company Northern Trust, to partner on the delivery of transition management services across Southern Africa. Under the partnership, Standard Bank’s clients will gain access to Northern Trust’s full suite of transition management services. Transition Management is a core offering at Northern Trust...
16 Feb 2021

ASI welcomes Fazlin Swanepoel as its new MD

Fazlin Swanepoel has been appointed the first Managing Director: Employee Benefits at ASI Financial Services, having joined the country’s fastest growing and largest independent, 100% black South African owned financial advisory consulting firm in November 2020.
16 Feb 2021

Tax free wealth creation with property funds

By Liliane Barnard, CEO and Portfolio Manager at Metope Investment Managers, and Aimee Glisson, Director: Operations, Performance & Risk at Metope Investment Managers The tax year, along with the deadline for an investor’s maximum R36 000 annual tax-free savings account contribution, comes to an end on the 28 February 2021. Investors are likely reviewing the key...

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