MoneyMarketing

Industry News

04 Feb 2021

SARS pursues non-compliant cryptocurrency traders

With South Africa and the world at large facing an economic downturn as a result of various factors, not the least of which being the Covid-19 pandemic, SARS is on a mission to plug the existing gaps in tax revenue collection and compliance.
04 Feb 2021

Glimmers of hope as investors start saving again

Hindsight is a perfect science. Looking back at 2020 it would have been impossible to predict that so many employees in South Africa would be forced to take remuneration cuts or make salary sacrifices due to tough times and the onset of a pandemic.
04 Feb 2021

World Cancer Day: How the rise in cancer impacts SA workplaces

Momentum Corporate’s analysis of income disability claims over the last decade shows that overall cancer claims increased by 60% and now represent 16% of all claims. On World Cancer day today, 4 February, it serves as a marker for South African businesses to understand the lasting impact that this sharp rise has on their employees and business productivity.
04 Feb 2021

11 mistakes on your taxes that come with 2 years’ imprisonment

A new set of tax law amendments, signed by President Cyril Ramaphosa, and promulgated on 20 January 2021 has granted SARS all the legal fire power it needs to impose criminal sanctions on taxpayers who neglect their tax affairs.
04 Feb 2021

Calculating a Business Interruption Claim

Recent court rulings in favour of companies calling up the Business Interruption clause of their insurance policy have set a welcome precedent for potential financial relief for those businesses who have been adversely affected by the pandemic.
04 Feb 2021

Netstar launches telematics training hub for insurance and finance professionals

In a first for the vehicle telematics, tracking and recovery industry, Netstar, a subsidiary of Altron, has launched a unique online Continuing Professional Development (CPD) programme. Netstar, who pioneered the vehicle-tracking industry in South Africa, has created a CPD Hub that will allow financial services providers to effortlessly fulfil their CPD requirements by completing online training courses in the specific applications of telematics and vehicle recovery to insurance and the financial sector.
04 Feb 2021

Lucid Ventures 12J pivots to retirement living sector

South African investors have a unique opportunity toinvest in the lucrative retirement living sector and enjoy the combined benefit of high potential returns and the significant tax deductions offered through a Section 12J investment.

03 Feb 2021

Fairtree is honoured to receive another Raging Bull Trophy

For the fourth year running, Fairtree scooped two equity category Raging Bull awards. The award ceremony, held virtually in Cape Town yesterday, honoured unit trust companies and funds for top performance for the period to end December 2020.

03 Feb 2021

Playing Reddit Roulette

Making headlines currently is the battle between retail investors and institutional investors, as the former take on the Wall Street establishment, in particular established hedge fund managers practising a short-selling strategy. Ostensibly a David and Goliath battle, the reality is a little more complex.
03 Feb 2021

Choosing crypto-assets you can trust

There is much to reflect on regarding the recent Mirror Trading International (MTI) scam, which managed to attract investments of around 17 000 Bitcoin (almost R8.8bn at the time of writing), then magically disappeared through what appears to be a multi-level marketing scheme. Investment scams like these don’t yet fall under any specific regulation as crypto-assets remain largely ungoverned.

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