MoneyMarketing

Industry News

06 Feb 2021

Alexander Forbes participates in Gender Based Violence and Femicide Response Fund1

Alexander Forbes is honoured to contribute to a multi-stakeholder effort to support the South African government in their efforts to eliminate violence against women and children. President Cyril Ramaphosa launched the fund on 4 February 2021.
05 Feb 2021

Finding the silver investment lining

An agile investment strategy tuned in to prevalent market dynamics will help investors find the silver lining in a new year where buoyant equity markets, vaccine roll-outs and easing lockdown measures provide the impetus for a level of positivity in investment markets.
05 Feb 2021

FSCA issues crypto health warning

The FSCA says it is receiving a large number of complaints from South African investors who have lost their savings through investing in a crypto-related investment that they did not understand, or a scam packaged as a crypto investment promising unrealistic high returns.
05 Feb 2021

Annuitisation of provident funds with effect from 1 March 2021

The Taxation Law Amendment Act of 2020 was signed into law by the President on 20 January 2021. This has enacted the long awaited legislation which provides for the same annuitisation rules that apply to members of pension funds, pension preservation funds and retirement annuity funds, to be applied to members of provident funds and provident preservation funds, after 1 March 2021 (T Day).
04 Feb 2021

Deputy President welcomes support for government vaccine roll-out plan

Deputy President David Mabuza, in his capacity as the Chairperson of the Inter-Ministerial Committee on Covid-19 vaccines, has today held meetings with various sectors of society. The meetings were intended to provide an update on government’s roll-out plan for vaccines, and also to mobilise support from social partners, the Presidency said in a statement.
04 Feb 2021

BoE’s threat of negative interest rates will trigger investors to top-up portfolios

The Bank of England’s threat of negative interest rates will encourage market-wise investors to increase their exposure to UK stocks, affirms the chief executive and founder of deVere Group, Nigel Green.

04 Feb 2021

'Tax hikes not needed to fund vaccine'

News that National Treasury is considering tax hikes as one of the ways to finance the country’s COVID-19 vaccine programme is baffling, according to Old Mutual Investment Group (OMIG) Chief Economist Johann Els.

04 Feb 2021

FPI to host Budget Review Trilogy online

The Financial Planning Institute of Southern Africa (FPI) is pleased to announce that this year’s Budget Review Trilogy will be hosted as an online event on the 24th and 25th of February 2021. The annual South African National Budget Speech by Tito Mboweni, the Minister of Finance, has implications for all sectors of the economy. But, the tax and financial sectors are often the first to feel the effects of any major fiscal changes.
04 Feb 2021

PIC provides context on departure of board members

The Public Investment Corporation (PIC) says that it is seeking to provide context on the departure of some of its Board members. The current Board was appointed in July 2019 on an interim basis for a period of twelve months, which ended in July 2020.

04 Feb 2021

Wall Street: When David Challenged Goliath

If the chatter about GME, AMC or r\WSb* look like an Alphabet soup to you, I wouldn’t blame you. Discord isn’t the word of the year for 2020 but rather a free messaging service with chatrooms. Reddit is a news platform, which allows for communities to congregate around common topics of interest.

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