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Industry News

16 Feb 2021

Why multi-manager investing is popular

Multi-management has been around for over two decades. This investment management approach is popular among many investors because it promises to deliver smoother, more consistent investment returns, despite cyclical turbulence of financial markets.
15 Feb 2021

Momentum Health Solutions unpacks COVID-19 vaccine roll-out plan

Momentum Health Solutions announced its COVID-19 vaccine roll-out strategy and how it intends to support both its members, as well as the uncovered population, in being vaccinated. As the COVID-19 virus continues to spread, a third wave is imminent, should the vaccination rollout not commence soon.
15 Feb 2021

KPMG to cease performing non-audit related services for its JSE listed audit clients

KPMG South Africa today announced that it will cease all future non-audit-related services to its listed audit clients with effect from 31 March 2021. This announcement is as a result of an intensive review process that seeks to improve the perception of auditor independence and protecting the interests of the public.
15 Feb 2021

Budget 2021: Debt doom or bond boom?

Last year’s Budget Speech was delivered in front of a full house in the National Assembly. Politicians, journalists and special guests mingled before and after the speech. There were hugs, handshakes and back slaps aplenty. Next week’s version takes place in a world that has completely changed.
15 Feb 2021

ICA claimants 'a step closer to receiving fair claims settlement from Santam'

Insurance Claims Africa (ICA) says it believes that businesses in the tourism and hospitality sector are a step closer to having their claims resolved fairly "as Santam abandons all targets of its intended appeal to the Supreme Court of Appeal, save for the length of the indemnity period."

15 Feb 2021

KPMG to cease performing non-audit related services for its JSE listed audit clients

KPMG South Africa today announced that it will cease all future non-audit-related services to its listed audit clients with effect from 31 March 2021. This announcement is as a result of an intensive review process that seeks to improve the perception of auditor independence and protecting the interests of the public. The provision of non-audit-related...
15 Feb 2021

ICA claimants ‘a step closer to receiving fair claims settlement from Santam’

nsurance Claims Africa (ICA) says it believes that businesses in the tourism and hospitality sector are a step closer to having their claims resolved fairly “as Santam abandons all targets of its intended appeal to the Supreme Court of Appeal, save for the length of the indemnity period.”       On Tuesday 16 February, the Western Cape...
15 Feb 2021

Tilting towards Value

By Steve Brice, Standard Chartered Bank’s Chief Investment Officer for Wealth Management We maintain a bullish outlook for global equities in general for 2021. However, we are switching our bias from a preference for the so-called Quality and Growth stocks to an increasingly optimistic outlook for Value equities.  At a high level, Growth stocks are...
15 Feb 2021

Tilting towards Value

We maintain a bullish outlook for global equities in general for 2021. However, we are switching our bias from a preference for the so-called Quality and Growth stocks to an increasingly optimistic outlook for Value equities. At a high level, Growth stocks are companies with a high expected earnings growth rate. Value stocks are companies that are cheap relatively to the rest of the market.

15 Feb 2021

SA lifts prohibition on 'loop structures'

The South African Reserve Bank (SARB) issued Exchange Control Circular No. 1/2021 on 4 January to lift the restriction on the so-called ‘loop structure’ in order to encourage inward investments into South Africa. The reform was effective as 1 January 2021 and applies to private individuals and companies, including private equity funds, that are tax resident in South Africa.

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