MoneyMarketing

Industry News

01 Apr 2020

Credit life is one of the options to provide relief to customers impacted by COVID-19

As consumers continue to weigh the impact of COVID-19 on their finances, many will be considering options to protect themselves from financial difficulties.
01 Apr 2020

Retirement in the time of COVID-19

“If current market conditions persist for 12 months and markets then recover to pre-crash levels, pensioners are likely to run out of money four years earlier than under normal investment conditions,” says Just CEO Deane Moore.

01 Apr 2020

FPI and Women in Finance: Working together to transform the industry

Women have so much to offer the financial planning profession. A recent Memorandum of Understanding (MOU) signed by the Financial Planning Institute of Southern Africa NPC (FPI) and the Women in Finance Network (WIFN) paves the way for a brighter and more inclusive future. International studies show that women already hold approximately 32% of global...
01 Apr 2020

Santam commits R200m in relief initiatives to lessen COVID-19 impact

The Santam Group, South Africa’s largest general insurer today announced that it would make R200-million available as COVID-19 relief to help clients, suppliers, and contribute to the Government’s Solidarity Fund.

01 Apr 2020

Sanlam announces new leadership in its most key positions

Sanlam has announced that the Sanlam Board has approved new appointments in three of its most senior positions in the diversified financial services group.
01 Apr 2020

Massive fuel price drop helps offset cost pressures for agriculture sector

The South African agriculture sector as well as consumer can breathe a sigh of relief following the announcement of a massive fuel price decrease of R1.76/ litre of both the retail price of the 93 ULP and LRP petrol, with the 95 ULP and LRP petrol falling by R1.88/ litre for Gauteng.

01 Apr 2020

COVID-19 tax relief – good intentions with bad results?

Following President Cyril Ramaphosa’s announcement of fiscal relief for certain taxpayers, in light of other measures imposed to combat the COVID-19 crisis, National Treasury published explanatory notes on 29 March 2020, which outline exactly how the tax system will be used to ease financial distress during these times.

31 Mar 2020

PoPI is almost here – is your data strategy ready for compliance?

After many years of discussion, the Protection of Personal Information (PoPI) Act is finally coming into effect. The information regulator is pushing for the Act to be finalised on 1 April 2020, giving South African businesses a little over a year to get their data systems and processes in line.

31 Mar 2020

The SA downgrade and your investments

Like many developing countries, the South African government relies on funding to build and maintain the infrastructure of the country. To enjoy continued access to loans (in the form of government bonds) at affordable interest rates, it’s important that we keep our credit rating healthy.
31 Mar 2020

Nedbank to facilitate loans to small businesses on behalf of South African Future Trust

Nedbank said in a statement today that it welcomes the launch of the South African Future Trust (SAFT), established by Nicky and Jonathan Oppenheimer, and is proud to announce that it will help facilitate the distribution of loans to small businesses on behalf of SAFT.

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