MoneyMarketing

Industry News

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.

03 Feb 2021

Beware of sensational news

Fake news has been rampant especially during this lockdown period, and the longer lockdowns (in various forms continue), the more intense fake news is likely to become. However, it is not only false information that is dangerous. The most damage is caused when information is used out of context and inflated to promote a specific agenda. In the world of investment this easily leads people to make the wrong decisions.
03 Feb 2021

Retirement funds and emigration - what the law says

With effect from 1 March 2021, the South African government intends phasing out the exchange control treatment of individuals and replacing it with a more stringent verification test for Individuals that want to transfer more than their R10 million investment allowance out the country.

03 Feb 2021

BASA issues Covid-19 Loan Guarantee Scheme update

As of 16 January 2021, R17,84 billion in loans had been approved by banks and taken up by small businesses under the Covid-19 Loan Guarantee Scheme.
02 Feb 2021

Amplify SCI* Wealth Protector takes Raging Bull Award

Amplify Investment Partners has won “Best South African Multi-Asset Low Equity Fund” in the 2021 Raging Bull Awards with its Amplify SCI* Wealth Protector Fund.
02 Feb 2021

Raging Bull Awards 2021 - all the winners!

The Raging Bull Awards 2021 took place this evening. Up for grabs were 30 certificates for the best funds in their categories and eight Raging Bull trophies for the top-performing funds for performance to the end of 2020, with the highlights being the Offshore Manager of the Year and the South African Manager of the Year awards.
02 Feb 2021

Ninety One wins Manager of the Year at the Raging Bull Awards 2021

Ninety One has won the coveted Raging Bull Award for the South African Manager of the Year for the overall performance of its unit trust funds to the end of 2020. This is a big honour for the well-established asset management company with the relatively new name. Under its old name, Investec Asset Management, it was runner-up in last year’s Raging Bull Awards.
02 Feb 2021

New director appointed at Compli-Serve Gauteng

Compli-Serve Gauteng is pleased to announce the appointment of Elzabe Botha to the Board. Compli-Serve offers regulatory advisory and compliance services to the financial services sector.

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