MoneyMarketing

Industry News

03 Apr 2020

Fitch downgrades South Africa to 'BB'; outlook negative

Fitch has lowered South Africa’s long term foreign and local currency debt ratings further into non-investment grade by one notch to ‘BB’ from ‘BB+’ and has maintained the negative outlook.

03 Apr 2020

What is your asset manager doing during the COVID-19 outbreak?

As stock markets rumble in the face of COVID-19, commonly known as coronavirus, what are the people behind your unit trusts and other investments - the asset managers - doing to safeguard your investments?
03 Apr 2020

When one CEO is not enough...

Sygnia today advised its shareholders that Mr David Hufton has been appointed as the Joint Chief Executive Officer of Sygnia with immediate effect.

03 Apr 2020

It's time for everybody to review their financial planning

An alarming number of people have still not coronavirus-proofed their financial planning strategies, warns the CEO and founder of one of the world’s largest independent financial advisory organisations.
03 Apr 2020

IRMSA's response to the risks emerging from Covid-19

As we navigate our way through this crisis, that not only South Africa but the entire World is dealing with, The Institute of Risk Management South Africa (IRMSA) Executive Committee has highlighted many risks and opportunities associated with the COVID-19 pandemic.
03 Apr 2020

Momentum Multiply offers more rewards during the lockdown

Momentum Multiply has announced it will offer increased benefits to its members from 1 until 30 April 2020, as a means to respond to their financial and physical wellness needs resulting from the lockdown.
03 Apr 2020

Preparing your business for COVID-19 and essential key points for businesses in financial distress

9 points for businesses to consider in working through these challenging times By Kylene Weyers Senior Associate in the Cliffe Dekker Hofmeyr Dispute Resolution practice 1. Take a reality check Are you already in financial distress? This may a tough reality to face, but it is an essential starting point. Many businesses in financial distress are...
03 Apr 2020

Unleash billions from medical emergency reserves, urges KHUSA Consulting

Financial services expert, KHUSA Consulting, has called for the release of billions of rands from medical schemes’ emergency reserves to help treat COVID-19 patients in South Africa.
03 Apr 2020

Do credit rating reviews make any sense in the COVID-19 context?

While South Africans were busy preparing for a 21-day shutdown, the ratings downgrade which hung like the sword of Damocles over the country would’ve been pushed to the back of its collective conscience.
03 Apr 2020

COVID-19: The pin that popped the bubble

Last year, global equity markets delivered the best calendar year return of the decade. Many markets were at or near all-time highs. Fast-forward a quarter and 2020 is already the most volatile period in modern investing history.

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