MoneyMarketing

Industry News

25 Jan 2024

Exchange Control and Tax Residency in South Africa

By: Lovemore Ndlovu, Head of SARB Engagement and Expatriate Compliance at Tax Consulting SA The South African Reserve Bank (SARB), in collaboration with various financial institutions, maintains a comprehensive record of the residency status of all South African banking customers. This practice is integral to their financial surveillance and regulatory compliance efforts, particularly considering South...
18 Jan 2024

What’s keeping advisers awake at night?

By: Victoria Reuvers, Managing Director at Morningstar Investment Management SA Given the vast amount of change in the financial advice industry over the years, a recent NMG survey asked advisers to rank what trends they are most worried about when it comes to their business. The primary worry (when viewed from an internal perspective) was...
18 Jan 2024

SA women and the hidden retirement cost of maternity leave

By: Samantha Jagdessi, Head of Consulting Strategy & Best Practice at Old Mutual Corporate Consultants South Africa’s dual retirement savings structure presents a growing challenge for women during maternity leave, as they often find their contributions to the employer-backed retirement fund dwindling or pausing entirely, negatively affecting their ability to save for retirement, says Samantha...
18 Jan 2024

Mastering effective tax-free savings in South Africa

By: Duma Mxenge, Business Development Manager at Satrix In the quest for financial prosperity, South Africans should embrace tax-free saving investments as a powerful tool to optimise their money. Duma Mxenge, Business Development Manager at Satrix, emphasises the pivotal role financial advisers play in ensuring clients harness the full potential of tax-free saving investment portfolios....
15 Jan 2024

SA investors eye optimistic returns despite inflation and geopolitical uncertainties

Wealth investors globally have been forced to reevaluate their investment strategies in response to the new economic reality and ongoing inflation and geopolitical uncertainty, Schroders Global Investor Study 2023 has found. Schroders’ flagship study, which has surveyed over 23 000 wealth investors[2] who invest from 33 locations globally, including 400 South Africans, has identified that almost 80%...
15 Jan 2024

How to help Gen Zs soft save today for a confident tomorrow 

By: Farzana Botha, Segment Marketing Manager at Sanlam Risk and Savings Like all generations, Gen Zs view the world through a particular set of lenses and their unique financial lens is no exception. Enter soft saving, a viral trend that challenges the way Gen Zs think about retirement, while empowering them to prioritise present experiences. Farzana Botha, Segment Marketing Manager...
15 Jan 2024

Is 2024 the year of crypto?

By: Sandy Welch, Acting Editor, MoneyMarketing Since its inception, there’s one thing that cryptocurrency has proved: it’s not an investment for the faint-hearted. We’ve seen it soar to record highs and then drop to unfathomable lows, as it pulls its investors along for the ride. But is all that about to change in 2024? We...
02 Jan 2024

Investing in machine learning research

By: Eugene Botha, Deputy Chief Investment Officer and Head of the Research Hive at Momentum Investments Machine learning is a rapidly growing field that offers many potential applications in the investment management and related financial services fields. At Momentum Investments, we place a significant emphasis on the value research insights bring and pride ourselves on...
07 Dec 2023

Coiled springs

By: Mike Adsetts, Chief Investment Officer at Momentum Investments Taking my mind back to the start of the year and reflecting on the state of the world and markets, the analogy of a coiled spring comes to mind. From a geopolitical perspective, there was the tension of the Russia-Ukraine war and the hope that the...
04 Dec 2023

Investors lose millions due to their switching behaviour

By Paul Nixon, Head of Behavioural Finance, Momentum Investments Although past performance is not a good indication of future returns, it seems to remain one of the main determinants of investment switching behaviour and consequently the dreaded ‘behaviour tax’. This behaviour tax is calculated as the performance sacrificed after switching between one unit trust and...

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